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

Sound EnergyAnnouncement

18/10/2024 07:00

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RNS Number : 6677I  Sound Energy PLC  18 October 2024

18 October 2024

 

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 37,500,000 new Ordinary
Shares ("Shares") at a conversion price of 1 pence per Share under an existing
Convertible Loan Note Agreement, the terms of which were announced on 13 June
2023 ("Partial Interest Conversion"). The Convertible Loan Note has a
remaining principal outstanding of £250,000 and the Partial Interest
Conversion reduces the accrued interest owing on the Convertible Notes by
£375,000, with £512,500 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 22 October 2024.

 

Following Admission, the Company's enlarged share capital will comprise
2,080,622,679 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 Capital Markets - Nominated Adviser    Tel: +44 (0)20 7220 0500

 Ben Jeynes

 Peter Lynch

 Zeus - Broker                                    +44 (0)20 3829 5000

 Simon Johnson

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

 Jon Fitzpatrick

 Paul Weidman

 Doug Rycroft

 

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