Business
Issue of Equity, Director Shareholding and TVR
Issue of Equity, Director Shareholding and TVR.
About this update from Sound Energy Plc
[{"type":"text","content":"\n \nRNS Number : 0455B Sound Energy PLC 27 January 2020 \n\n \n27 January 2020\n \nSound Energy plc\n(\"Sound Energy\" or the \"Company\")\n \nIssue of Equity, Director/PDMR Shareholding and Total Voting Rights\n \nSound Energy, the Moroccan focused upstream gas company, announces, further to the Company's announcement of 20 January 2020, that the Company has today issued 5,805,555 new ordinary shares in the Company (the \"New Ordinary Shares\") to Brian Mitchener, the Company's Exploration Director, at an effective issue price of 1.86 pence per New Ordinary Share in connection with the termination of his employment contract. \n \nAs previously announced on 20 January 2020, Mr. Mitchener will step down from the Board with effect from 31 March 2020. \n \nApplication has been made to the London Stock Exchange plc for the New Ordinary Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 31 January 2020.\n \nFollowing the issue of the New Ordinary Shares, Mr. Mitchener will be interested in 5,955,555 Ordinary Shares in the Company, representing 0.51 per cent. of the Company's issued ordinary share capital. \n \nIt is intended that a proportion of the New Ordinary Shares will be sold by Mr. Mitchener to cover tax and national insurance liabilities arising from their issue and a further announcement will be made in this regard as appropriate. \n \nFollowing the issue of the New Ordinary Shares, the Company will have 1,161,842,819 Ordinary Shares in issue with no shares held in treasury. This is the total number of voting rights in the Company and 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 change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\n \nThe notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further details.\n \n \n \nFor further information please contact:\n \n\n\n\nVigo Communications - PR Adviser\nPatrick d'Ancona\nChris McMahon \n \n\n\nTel: 44 (0)20 7390 0230\n\n\n\n\nSound Energy\n\n\nquestions@sound...