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

Sound EnergyAnnouncement

27/07/2023 07:15

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RNS Number : 3369H  Sound Energy PLC  27 July 2023

27 July 2023

 
Sound Energy plc

 
("Sound Energy" or the "Company")

 

Partial Conversion of Convertible Loan Note

 

Sound Energy (AIM: SOU), the AIM listed transition energy company, advises
that it has received conversion notices to issue 22,222,222 Ordinary Shares
("Shares") at a conversion price of 2.25 pence per Share under an existing
£2,500,000 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 £2,000,000
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 1 August 2023.

 

Following Admission, the Company's enlarged share capital will comprise
1,882,329,117 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

 Cenkos Securities - Nominated Adviser            Tel: +44 (0)20 7397 8900

 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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