Business
Possible acquisition
Possible acquisition.
About this update from Sound Energy Plc
[{"type":"text","content":"\n RNS Number : 0481B Sound Oil PLC 20 October 2009 \n \n20 October 2009\n\nSound Oil plc\n(\"Sound Oil\" or the \"Company\")\n\nPossible acquisition\n\nSound Oil, the upstream oil and gas company with assets in Indonesia, notes the recent press speculation and continued movement in its share price and confirms that it is in discussions about the possible acquisition of a private company, which is majority-owned by a trust connected with Mr. Frank Timis, with oil assets offshore West Africa. The transaction under discussion is expected to represent a reverse takeover under the AIM Rules and accordingly the Company has requested that trading in its shares be suspended. This suspension will be lifted on publication of an admission document relating to this transaction or at such time as discussions are terminated. Any agreement regarding the reverse takeover will be conditional on the approval of the Company's shareholders in general meeting.\n\n\n\nFurther information on the Company can be found at www.soundoil.co.uk.\n\nFor further information please contact:\n\n\n\n\n\n\nSound Oil\n\n\n07903 861145\n\n\n\n\nGerry Orbell, Chairman\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nSmith & Williamson Corporate Finance - Nomad\n\n\n020 7131 4000\n\n\n\n\nAzhic Basirov\n\n\n \n\n\n\n\nDavid Jones\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nEvolution Securities - Joint Broker\n\n\n020 7071 4300\n\n\n\n\nTim Redfern\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nReligare Hichens, Harrison – Joint Broker\n\n\n020 7382 7776\n\n\n\n\nDaniel Briggs\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nBuchanan Communications\n\n\n020 7466 5000\n\n\n\n\nTim Thompson\n\n\n \n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCFFMFAUSUSEES\n ","length":13091,"tagName":"div"}]