Business
Partial Loan Note Conversion & TVR
Partial Loan Note Conversion & TVR.
About this update from Sound Energy Plc
[{"type":"text","content":"\n\n30 November 2023\n \nSound Energy plc\n(\"Sound Energy\" or the \"Company\")\n \nPartial Conversion of Convertible Loan Note\n \nTotal Voting Rights\n \nSound Energy (AIM: SOU), the AIM listed transition energy company, advises that it has received conversion notices to issue 11,111,110 new Ordinary Shares (\"Shares\") at a conversion price of 2.25 pence per Share under an existing Convertible Loan Note Agreement, the terms of which were announced on 13 June 2023 (\"Partial Conversion\"). The Partial Conversion reduces the amount owing on the Convertible Notes by £250,000, with £250,000 remaining.\n \nAn application has been made for the Shares to be admitted to trading on AIM (\"Admission\"). The Shares will rank pari passu with the existing ordinary shares in issue and it is expected that Admission will occur on or around 8.00 a.m. on 6 December 2023.\n \nFollowing Admission, the Company's enlarged share capital will comprise 1,963,122,679 ordinary shares of 1p each, each with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.\n \n \n \n\n\n\n\nFlagstaff Strategic and Investor Communications\nTim Thompson\nMark Edwards\nAlison Allfrey\n \n\n\[email protected]\nTel: +44 (0)20 129 1474\n\n\n\n\nSound Energy\nGraham Lyon, Executive Chairman\n \n \n\n\[email protected]\n\n\n\n\nCavendish Capital Markets - Nominated Adviser\nBen Jeynes \nPeter Lynch \n \n\n\nTel: +44 (0)20 7220 0500\n\n\n\n\nSP Angel Corporate Finance LLP - Broker\nRichard Hail\n \n\n\nTel: +44 (0)7789 865 095\n\n\n\n\nGneiss Energy Limited - Financial Adviser\nJon Fitzpatrick\nPaul Weidman\nDoug Rycroft\n \n\n\nTel: +44 (0)20 3983 9263\n\n\n\n\n \n\n","length":5667,"tagName":"div"}]