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RNS Number : 2673V Sound Energy PLC 30 November 2023
30 November 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 11,111,110 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 £250,000, with £250,000 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 December 2023.
Following Admission, the Company's enlarged share capital will comprise
1,963,122,679 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
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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