SOUND ENERGY PLC

Board/Management Information • Nov 7, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 5674S

Sound Energy PLC

07 November 2019

7 November 2019

Sound Energy plc

("Sound Energy" or the "Company")

Board Change

Sound Energy, the Moroccan focused upstream gas company, provides an update on Board changes following the announcement made by the Company on 6 November 2019 in relation to a potential partial divestment of its Eastern Morocco Portfolio.

As the Company has entered  the final phase of the marketing process for its Eastern Morocco Portfolio and following the award of exclusivity agreement  announced on 6 November 2019, the Company is planning to make various changes to its Board in order to ensure it has the appropriate management and cost structure in place for the next phase of Company's development.   The Company expects, as part of the potential transaction which is under negotiation, to hand over operatorship of its Eastern Morocco Portfolio to a third party and to become a carried, non-operating company. 

The Company, therefore, announces that JJ Traynor, the Company's CFO, will on 6 February 2020 step down from the Board and leave the Company.  His duties will be divided among the Company's other staff. 

For further information please contact:

Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon	Tel: 44 (0)20 7390 0230
Sound Energy James Parsons, Chief Executive Officer	questions@soundenergyplc.com
Cenkos Securities - Nominated Adviser Azhic Basirov Ben Jeynes	Tel: 44 (0)20 7397 8900
RBC - Joint Broker Matthew Coakes Martin Copeland	Tel: 44 (0)20 7653 4000
Macquarie Capital (Europe) Limited - Joint Broker Alex Reynolds Nick Stamp	Tel: 44 (0)20  3031 2000

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

BOAUGGRPGUPBPWQ