Sound Energy PLC Issue of Equity (2635I)

TIDMSOU

RNS Number : 2635I

Sound Energy PLC

23 November 2018

Sound Energy plc

("Sound Energy" or the "Company")

Issue of Equity

Sound Energy, the Moroccan focused upstream gas company, announces that, consistent with its policy of preserving cash balances for operations, it has issued 88,740 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") at an effective issue price of 17.85 pence per Ordinary share in settlement of fees for services provided to the Company by a third party service provider.

Application has been made for the 88,740 new Ordinary Shares, which will rank pari passu with the Company's existing Ordinary shares, to be admitted to trading on AIM ("Admission"). Dealings in the new Ordinary Shares are expected to commence at 8.00 a.m. on 29 November 2018.

On Admission, the Company will have 1,054,307,109 Ordinary Shares in issue. No ordinary shares are held in treasury. The figure of 1,054,307,109 may be used by the Company's shareholders as the denominator in the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information please contact:

 
 Vigo Communications - PR Adviser                Tel: +44 (0)20 7390 0230 
  Patrick d'Ancona 
  Chris McMahon 
  Kate Rogucheva 
 Sound Energy 
  James Parsons, Chief Executive Officer     j.parsons@soundenergyplc.com 
  JJ Traynor, Chief Financial Officer        j.traynor@soundenergyplc.com 
 Smith & Williamson - Nominated Adviser          Tel: +44 (0)20 7131 4000 
  Azhic Basirov 
  David Jones 
  Ben Jeynes 
 RBC Capital Markets - Joint Broker              Tel: +44 (0)20 7653 4000 
  Matthew Coakes 
  Martin Copeland 
 Macquarie Capital (Europe) Limited              Tel: +44 (0)20 3031 2000 
  - Joint Broker 
  Alex Reynolds 
  Nick Stamp

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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