Business
Successful Completion of Bond Restructuring
Successful Completion of Bond Restructuring.
About this update from Sound Energy Plc
[{"type":"text","content":"\n\n\n4 December 2023\n \nSound Energy plc\n(\"Sound Energy\" or the \"Company\")\n \n \nSuccessful Completion of Bond Restructuring\n \nSound Energy, the AIM-listed transition energy company, is pleased to announce that at the meeting of the holders (the \"Noteholders\") of the Company's Luxembourg listed EUR 28.8m 5.0% senior secured notes (the \"Notes\") held earlier today to consider the proposal for the restructuring of the Notes (the \"Proposal\"), the Proposal was duly approved by Noteholders by the requisite majority.\n \nAt the Noteholder meeting, quorum was reached with voting instructions representing EUR 15.7M of the Notes lodged by Noteholders, with 96.18% of votes cast in favour of the Proposal.\n \nAs a result of the Noteholders' approval of the Proposal, the prior obligation for the Company to commence amortisation of the Notes at a rate of 5.0% of the EUR 25.3M Notes principal outstanding every six months from 21 December 2023 until maturity in December 2027 has now been removed.\n \nNotice of the result of the Noteholder meeting will shortly be sent to Noteholders and will be available on the Company's website at www.soundenergyplc.com thereafter.\n \nFor further information:\n \n\n\n\n\nFlagstaff Strategic and Investor Communications\nTim Thompson\nMark Edwards\nAlison Allfrey\n \n \n\n\nTel: 44 (0)20 129 1474\n \[email protected]\n\n\n\n\nSound Energy\nGraham Lyon, Executive Chairman\n \n \n\n\n \[email protected]\n \n\n\n\n\nCavendish Capital Markets - Nominated Adviser\nBen Jeynes \nPeter Lynch\n \n \n\n\n \nTel: 44 (0)20 7397 8900\n\n\n\n\nSP Angel Corporate Finance LLP - Broker\n\n\n\n\n\n\n\nRichard Hail\n \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\n \nTel: 44 (0)20 3983 9263\n\n\n\n\n \n \n \n \n\n","length":5999,"tagName":"div"}]