Sound Energy PLC Adjournment of Noteholder Meeting (1951F)
November 12 2020 - 1:21PM
UK Regulatory
TIDMSOU
RNS Number : 1951F
Sound Energy PLC
12 November 2020
12 November 2020
Sound Energy plc
("Sound Energy" or the "Company")
Adjournment of Noteholder Meeting
Sound Energy, the Moroccan focused upstream gas company ,
announces that, further to the Company's announcement of 28 October
2020 in respect of the Company's proposal set out in its Consent
Solicitation Memorandum (the "Proposal") for the restructuring of
the Company's Luxembourg listed EUR 28.8m 5.0% senior secured notes
(the "Notes"), the meeting of the holders of the Notes (the
Noteholders") convened earlier today to consider the Proposal (the
"Noteholder Meeting") was adjourned due to lack of the necessary
quorum.
An adjourned Noteholder meeting, to consider the Proposal in
unamended form, will now be held at 10:00 a.m. on 10 December 2020
(the "Adjourned Noteholder Meeting").
The Adjourned Noteholder Meeting will require a quorum of 25 per
cent. of the aggregate principal amount of the outstanding Notes,
being considerably lower than the 75 per cent. of the aggregate
principal amount of the outstanding Notes that had been required
for the Noteholder Meeting.
Notice of the Adjourned Noteholders Meeting will shortly be sent
to Noteholders and will be available on the
Company's website at www.soundenergyplc.com thereafter.
For further information please contact:
Vigo Communications - PR Adviser Tel: 44 (0)20 7390
Patrick d'Ancona 0230
Chris McMahon
Sound Energy questions@soundenergyplc.com
Graham Lyon, Executive Chairman
Cenkos Securities - Nominated Adviser Tel: 44 (0)20 7397
Ben Jeynes 8900
Russell Cook
Turner Pope Investments (TPI) Ltd - Broker Tel: (0)20 3657 0050
Andy Thacker
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END
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