Business
Placing and TVR
Placing and TVR.
About this update from Sound Energy Plc
[{"type":"text","content":"\n \nRNS Number : 1652T Sound Energy PLC 02 July 2018 \n\n2 July 2018\n \nSound Energy plc \n(\"Sound Energy\" or the \"Company\")\n \n \nUS$15 million Placing and TVR\n \nSound Energy, the Moroccan focused upstream gas company, is pleased to announce a placing of new ordinary shares to raise US$15 million before costs (the \"Placing\"). The net proceeds of the Placing of approximately US$14.25 million will strengthen the Company's cash position as it initiates its high impact three well exploration programme. \n \nSound Energy has today issued, conditional on admission, 30,829,308 new ordinary shares of 1p each (the \"Placing Shares\") at a placing price of 37p per Placing Share. The Placing Shares will, when issued, rank pari passu in all respects with the existing ordinary shares. Application will be made for the Placing Shares to be admitted to trading on AIM and admission is expected to take place on or around 6 July 2018.\n \nAt 30 June 2018, the Company's issued share capital consisted of 1,019,954,543 ordinary shares. Following the issue of the Placing Shares, the Company's issued share capital will consist of 1,050,783,851 ordinary shares. Each share has one voting right and no shares are held in treasury; these figures may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\n \n \n\n\n\nVigo Communications - PR Adviser\nPatrick d'Ancona\nChris McMahon \nKate Rogucheva\n \n\n\nTel: +44 (0)20 7390 0230\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\nRBC - Joint Broker\nMatthew Coakes\nMartin Copeland\n \n\n\nTel: +44 (0)20 7653 4000\n\n\n\n\nMacquarie Capital (Europe) Limited - Joint Broker\nAlex Reynolds\nNick Stamp\n \n\n\nTel: +44 (0)20 3031 2000\n\n\n\nThe information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations...