Business
Acquisition of further shares in Consul Oil & Gas
Acquisition of further shares in Consul Oil & Gas.
About this update from Sound Energy Plc
[{"type":"text","content":"\n \nRNS Number : 7973M Sound Oil PLC 22 August 2011 \n \n\n\n\n22 August 2011\nSound Oil plc\n(\"Sound Oil\" or \"the Company\")\n \nAcquisition of further shares in Consul Oil & Gas\n \nSound Oil (AIM: SOU), the upstream oil and gas company with assets in Italy and Indonesia, announces that it has compulsorily acquired the remaining 2% of the ordinary shares in its subsidiary Consul Oil & Gas Limited (\"Consul\") which is now wholly-owned.\n \nConsideration for the acquisition has been satisfied by the issue of 5,555,555 new ordinary shares of 0.1p each in Sound Oil (\"Ordinary Shares\") and the payment of a cash sum of US$46,667, being the same terms and conditions under which the other Consul shares were acquired by the Company earlier this year.\n \nApplication has been made for the admission to trading on AIM of the consideration shares. Subsequent to admission of the consideration shares (expected on 26 August 2011), there will be 1,621,945,310 Ordinary Shares in issue with each share carrying the right to one vote. There are no shares held in treasury. The total number of voting rights in the Company will therefore be 1,621,945,310. The above figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.\n \n \nFor further information please contact:\n \n\n\n\n\nSound Oil\nGerry Orbell, Chairman and Chief Executive\n \n\n\nTel: +44 (0)1372 365745\n \n\n\n\n\nSmith & Williamson - Nominated Adviser\nAzhic Basirov\nDavid Jones\n \n\n\nTel: +44 (0)20 7131 4000 \n\n\n\n\nInvestec - Broker\nCharles Batten\nDavid Flin\nAdam Strachan\n \n\n\nTel: +44 (0)20 7597 4000\n\n\n\n\nBuchanan Communications\nTim Thompson\nBen Romney\nHelen Chan\n \n\n\nTel: +44 (0)20 7466 5000\n \n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END ACQDKBDKNBKDFFB\n ","length":4458,"tagName":"div"}]