28 May 2026
Sound Energy PLC
("Sound Energy", the "Company" and together with its subsidiary undertakings the "Group")
Notice of Meeting for
EUR 28,800,000 5.0% Senior Secured Noteholders
Sound Energy PLC (AIM: SOU), the AIM quoted transition energy company, announces that, further to its announcement on 26 May 2026 of the proposed restructuring of the Company's EUR 28,800,000 5.0% senior secured notes (the "Notes"), the Company has today published a Consent Solicitation Memorandum ("CSM") containing a notice of a meeting of the holders of the Notes (the "Noteholders") to consider and approve the restructuring of the Notes ("Note Proposals"). A copy of the CSM is available on the Company's website at https://www.soundenergyplc.com and has been posted to Noteholders today.
The meeting of Noteholders is to be held at the offices of Fieldfisher LLP, Riverbank House, 2 Swan Lane, London, EC4R 3TT, at 10.00 a.m. (London Time) on 18 June 2026.
A summary of the Note Proposals are set out in the Company's announcement of 26 May 2026 and the restructuring of the Notes will be conditional on the Noteholders passing the requisite resolution at the meeting of Noteholders.
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
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Announcement of Consent Solicitation |
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Notice delivered to the Clearing Systems for communication to Direct Participants and made by publication: (A) on the website of the Luxembourg Stock Exchange; and (B) via regulatory news announcement of the London Stock Exchange ("RNS"). |
28 May 2026 |
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Documents referred to under "Documents available for inspection" in the Notice are available from the Information and Tabulation Agent. |
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Expiration Deadline |
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Final deadline for receipt by the Information and Tabulation Agent of valid Electronic Voting Instructions from Noteholders for such Noteholders to be represented at the Meeting. |
10.00 a.m. (London Time) on 10 June 2026 |
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Final deadline for other arrangements to attend or be represented at the Meeting |
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Deadline for making any other arrangements to attend or be represented at the Meeting. |
10.00 a.m. (London Time) on 10 June 2026 |
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Meeting |
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Meeting to be held at the offices of Fieldfisher LLP at Riverbank House, 2 Swan Lane, London, EC4R 3TT. |
10.00 a.m. (London time) on 12 June 2026 |
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Announcement of results of Meeting |
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Announcement of the results of the Meeting. |
As soon as reasonably practicable after the Meeting |
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Implementation Date |
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The date on which the Supplemental Trust Deed (together with any related documentation thereto) will be executed if the Proposal is approved by the Noteholders. |
As soon as reasonably practicable after the Meeting subject to the passing of the Extraordinary Resolution |
For further information please visit www.soundenergyplc.com, follow on X @soundenergyplc and LinkedIn or contact:
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Sound Energy plc c/o Flagstaff Communications Majid Shafiq CEO |
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Flagstaff Strategic and Investor Communications Tim Thompson, Mark Edwards, Alison Allfrey |
sound@flagstaffcomms.com +44 (0)207 129 1474 |
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Zeus - Nominated Adviser and Broker James Joyce, Darshan Patel, Liv Highton (Investment Banking) Simon Johnson (Corporate Broking) |
+44 (0)20 3829 5000 |
About Sound Energy PLC:
Sound Energy is a transition energy investment opportunity, listed on the UK AIM market of the London Stock Exchange, with operations in Morocco centred around onshore exploration, development and production of gas and advancing renewable power generation initiatives. Gas is the focal transition fuel and critical to the country's energy policy to move to sustainable, local renewable energy, away from imported coal and hydrocarbon fuels. The company has a 25-year development concession with a micro- LNG development underway at Tendrara, the first major onshore gas resource in Morocco, and a larger Phase 2 piped gas project awaiting FID. Small scale LNG will supply the industrial market, whilst the piped gas development is for the power sector. Exploration wells are funded to support infrastructure led exploration potential. Together these give the company significant opportunities for scalable growth on its 28,000 square km of onshore permits. Sound Energy is therefore playing a pivotal role in responding to rising energy demand in Morocco and facilitating the energy transition. This is further enhanced by Sound's recent early-stage diversification into opportunities in renewable power generation and hydrogen exploration in Morocco. Sound has strong stakeholder engagement and partnerships with leading Moroccan companies, thereby leveraging in-country expertise in renewable energy projects and its gas developments. Financially, the company is focused on revenue targets from Phase 1 LNG production, judicious investment for the Phase 2 piped gas development and prudent cost management and balance sheet deleveraging to fund asset development opportunities.