SOUND ENERGY PLC

Share Issue/Capital Change • Sep 19, 2016

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RNS Number : 2500K

Sound Energy PLC

19 September 2016

19 September 2016

Sound Energy plc

("Sound Energy" or the "Company")

Block Admission

Sound Energy, the European and African focused upstream company, announces that, further to the block admissions first announced by the Company on 7 August 2015, applications have been made for the block admissions of up to a further 37,189,119 ordinary shares of 1p each in the Company (the "New Ordinary Shares") to trading on AIM (the "Block Admissions"). The New Ordinary Shares are expected to be issued from time to time pursuant to the exercise of warrants to subscribe for new ordinary shares of 1p each in the Company ("Ordinary Shares").

The New Ordinary Shares are expected to be admitted to trading on AIM on 22 September 2016 and will, when issued, rank pari passu with the Company's existing Ordinary Shares.

The Block Admissions have been made in respect of the issue of Ordinary Shares pursuant to the exercise of: (i) warrants issued by the Company in 2015 to subscribe for new Ordinary Shares at a price of 24.0p per new Ordinary Share (the "2015 Warrants"); and (ii) warrants issued by the Company in 2016 to subscribe for new Ordinary Shares at a price of 30.0p per new Ordinary Share (the "2016 Warrants"), in the below amounts:

Block Admissions

2015 Warrants	12,189,119
2016 Warrants	25,000,000
Total	37,189,119

Following admission, the Company will continue to have 538,201,804 ordinary shares of 1p each in issue with no shares being held in treasury. This is the total number of voting rights in Sound Energy and may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Rules and Transparency Rules.

As a result of the Block Admissions, the Company will have a total of 107,640,360 Ordinary Shares admitted to trading on AIM under block admissions in respect of Ordinary Shares which may be issued from time to time pursuant to the exercise of: (i) warrants issued by the Company in 2014 to subscribe for new Ordinary Shares at a price of 10.4p per new Ordinary Share (the "2015 Warrants"); (ii) the 2015 Warrants; and (iii) the 2016 Warrants.

Total block admissions

2014 Warrants	50,753,847
2015 Warrants	31,886,513
2016 Warrants	25,000,000
Total	107,640,360

For further information please contact:

Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon Alexandra Roper	Tel: +44 (0)20 7830 9700
Sound Energy James Parsons, Chief Executive Officer	j.parsons@soundenergyplc.com
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes	Tel: +44 (0)20 7131 4000
Cantor Fitzgerald Europe - Broker Sarah Wharry David Porter	Tel: +44 (0)20 7894 8896

This information is provided by RNS

The company news service from the London Stock Exchange

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