Business
Issue of Options and Director's Dealing
Issue of Options and Director's Dealing.
About this update from Sound Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2515T Sound Energy PLC 24 March 2016 \n\n24 March 2016\n \nSound Energy plc\n(\"Sound Energy\" or the \"Company\")\n \nIssue of Options and Director's Dealing \n \nSound Energy, the European/Mediterranean focused upstream gas company, announces that on 23 March 2016 it issued of a total of 9,050,000 options to subscribe for new ordinary shares in the Company at a price of 16 pence per ordinary share (the \"Options\"). \n \nThe Options will vest on 23 March 2019 and will be exercisable thereafter at any time until 23 March 2021. The Options will vest subject to the pre-determined performance criteria that if the price per ordinary share in the Company increases over the three-year vesting period by 15%, 10%, or 5% on a compounded annualised basis then all, two-thirds, or one-third of the Options respectively will vest. \n \nJames Parsons, the Company's Chief Executive Officer and a director of the Company, has been issued with 3,000,000 of the Options. \n \n \nFor further information please contact:\n \n\n\n\n\nVigo Communications - PR Adviser\nPatrick d'Ancona\nChris McMahon \nAlexandra Roper\n \n\n\nTel: +44 (0)20 7830 9700\n\n\n\n\nSound Energy\nJames Parsons, Chief Executive Officer\n \n\n\[email protected]\n \n\n\n\n\nSmith & Williamson - Nominated Adviser\nAzhic Basirov\nDavid Jones\nBen Jeynes\n \n\n\nTel: +44 (0)20 7131 4000\n\n\n\n\nCantor Fitzgerald Europe - Broker\nSarah Wharry\nDavid Porter\n \n\n\nTel: +44 (0)20 7894 8896\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCZZLFLQXFEBBV\n ","length":3805,"tagName":"div"}]