REG - Sound Energy PLC - Notice of Meeting for Senior Secured Noteholders

Sound EnergyAnnouncement

28/05/2026 07:00

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RNS Number : 9327F  Sound Energy PLC  28 May 2026

28 May 2026

 

Sound Energy PLC

("Sound Energy", the "Company" and together with its subsidiary undertakings
the "Group")

 

Notice of Meeting for

EUR 28,800,000 5.0% Senior Secured Noteholders

 

 

Sound Energy PLC (AIM: SOU), the AIM quoted transition energy company,
announces that, further to its announcement on 26 May 2026 of the proposed
restructuring of the Company's EUR 28,800,000 5.0% senior secured notes (the
"Notes"), the Company has today published a Consent Solicitation Memorandum
("CSM") containing a notice of a meeting of the holders of the Notes (the
"Noteholders") to consider and approve the restructuring of the Notes ("Note
Proposals"). A copy of the CSM is available on the Company's website at
https://www.soundenergyplc.com and has been posted to Noteholders today.

 

The meeting of Noteholders is to be held at the offices of Fieldfisher LLP,
Riverbank House, 2 Swan Lane, London, EC4R 3TT, at 10.00 a.m. (London Time) on
18 June 2026.

 

A summary of the Note Proposals are set out in the Company's announcement of
26 May 2026 and the restructuring of the Notes will be conditional on the
Noteholders passing the requisite resolution at the meeting of Noteholders.

 

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 

 Announcement of Consent Solicitation
 Notice delivered to the Clearing Systems for communication to Direct            28 May 2026
 Participants and made by publication: (A) on the website of the Luxembourg
 Stock Exchange; and (B) via regulatory news announcement of the London Stock
 Exchange ("RNS").
 Documents referred to under "Documents available for inspection" in the Notice
 are available from the Information and Tabulation Agent.
 Expiration Deadline
 Final deadline for receipt by the Information and Tabulation Agent of valid     10.00 a.m. (London Time) on 10 June 2026
 Electronic Voting Instructions from Noteholders for such Noteholders to be
 represented at the Meeting.
 Final deadline for other arrangements to attend or be represented at the
 Meeting
 Deadline for making any other arrangements to attend or be represented at the   10.00 a.m. (London Time) on 10 June 2026
 Meeting.
 Meeting
 Meeting to be held at the offices of Fieldfisher LLP at Riverbank House, 2      10.00 a.m. (London time) on 12 June 2026
 Swan Lane, London, EC4R 3TT.
 Announcement of results of Meeting
 Announcement of the results of the Meeting.                                     As soon as reasonably practicable after the Meeting
 Implementation Date
 The date on which the Supplemental Trust Deed (together with any related        As soon as reasonably practicable after the Meeting subject to the passing of
 documentation thereto) will be executed if the Proposal is approved by the      the Extraordinary Resolution
 Noteholders.

 

 

 

For further information please visit www.soundenergyplc.com
(https://www.soundenergyplc.com/) , follow on X @soundenergyplc
(https://x.com/soundenergyplc?lang=en)  and LinkedIn or contact:

 

 Sound Energy plc c/o Flagstaff Communications

 Majid Shafiq CEO
 Flagstaff Strategic and Investor Communications                sound@flagstaffcomms.com

 Tim Thompson, Mark Edwards, Alison Allfrey                     +44 (0)207 129 1474
 Zeus - Nominated Adviser and Broker                            +44 (0)20 3829 5000

 James Joyce, Darshan Patel, Liv Highton (Investment Banking)

 Simon Johnson (Corporate Broking)

 

About Sound Energy PLC:

Sound Energy is a transition energy investment opportunity, listed on the UK
AIM market of the London Stock Exchange, with operations in Morocco centred
around onshore exploration, development and production of gas and advancing
renewable power generation initiatives. Gas is the focal transition fuel and
critical to the country's energy policy to move to sustainable, local
renewable energy, away from imported coal and hydrocarbon fuels. The company
has a 25-year development concession with a micro- LNG development underway at
Tendrara, the first major onshore gas resource in Morocco, and a larger Phase
2 piped gas project awaiting FID. Small scale LNG will supply the industrial
market, whilst the piped gas development is for the power sector. Exploration
wells are funded to support infrastructure led exploration potential. Together
these give the company significant opportunities for scalable growth on its
28,000 square km of onshore permits. Sound Energy is therefore playing a
pivotal role in responding to rising energy demand in Morocco and facilitating
the energy transition. This is further enhanced by Sound's recent early-stage
diversification into opportunities in renewable power generation and hydrogen
exploration in Morocco. Sound has strong stakeholder engagement and
partnerships with leading Moroccan companies, thereby leveraging in-country
expertise in renewable energy projects and its gas developments. Financially,
the company is focused on revenue targets from Phase 1 LNG production,
judicious investment for the Phase 2 piped gas development and prudent cost
management and balance sheet deleveraging to fund asset development
opportunities.

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