REG - Sound Energy PLC - Partial Conversion of Convertible Loan Note & TVR

Sound EnergyAnnouncement

31/10/2023 18:00

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RNS Number : 9368R  Sound Energy PLC  31 October 2023

31 October 2023

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Partial Conversion of Convertible Loan Note

 

Total Voting Rights

 

Sound Energy (AIM: SOU), the AIM listed transition energy company, advises
that it has received conversion notices to issue 22,222,221 new Ordinary
Shares ("Shares") at a conversion price of 2.25 pence per Share under an
existing Convertible Loan Note Agreement, the terms of which were announced on
13 June 2023 ("Partial Conversion"). The Partial Conversion reduces the amount
owing on the Convertible Notes by £500,000, with £500,000 remaining.

 

An application has been made for the Shares to be admitted to trading on AIM
("Admission"). The Shares will rank pari passu with the existing ordinary
shares in issue and it is expected that Admission will occur on or around 8.00
a.m. on 6 November 2023.

 

Following Admission, the Company's enlarged share capital will comprise
1,952,011,569 ordinary shares of 1p each, each with voting rights. This figure
may be used by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, securities of the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.

 

 

 

 Flagstaff Strategic and Investor Communications  sound@flagstaffcomms.com

 Tim Thompson                                     Tel: +44 (0)20 129 1474

 Mark Edwards

 Alison Allfrey

 Sound Energy                                     chairman@soundenergyplc.com

 Graham Lyon, Executive Chairman

 Cavendish Securities - Nominated Adviser         Tel: +44 (0)20 7220 0500

 Ben Jeynes

 Peter Lynch

 SP Angel Corporate Finance LLP - Broker          Tel: +44 (0)7789 865 095

 Richard Hail

 Gneiss Energy Limited - Financial Adviser        Tel: +44 (0)20 3983 9263

 Jon Fitzpatrick

 Paul Weidman

 Doug Rycroft

 

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