Director's Dealing • Feb 7, 2017
Director's Dealing
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RNS Number : 2676W
Sound Energy PLC
07 February 2017
7 February 2017
Sound Energy plc
("Sound Energy" or the "Company")
Director/PDMR Shareholding
Sound Energy, the African and European focused upstream gas company, announces that it has today been notified that, on 2 February 2017, Greenberry plc ("Greenberry") acquired €300,000 of the Company's 5.0% unsecured notes due 21 June 2021 ("5.0% Bonds") at an aggregate price of €285,000 and that on that same day Greenberry sold €300,000 of the 5.0% Bonds at an aggregate price of €285,300. The 5.0% Bonds are traded on the Euro MTF Market of the Luxembourg Stock Exchange.
Marco Fumagalli, a director of the Company, is Managing Partner of, and a 25% shareholder in, Continental Investment Partners SA ("Continental"). Greenberry is an affiliate of Continental by virtue of its common ownership.
The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Greenberry plc | |
| 2 | Reason for the notification | ||
| a) | Position/status | Notification concerns a PCA, being a legal person the managerial responsibilities of which are discharged by Marco Fumagalli, a PDMR (Non-Executive Director of Sound Energy plc). |
|
| b) | Initial notification/Amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Sound Energy plc | |
| b) | LEI | - | |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a) | Description of the financial instrument, type of instrument | 5.0% secured notes due 21 June 2021 | |
| Identification code | XS1434582885 | ||
| b) | Nature of the transaction | Acquisition of 5.0% secured notes due 21 June 2021 | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| €0.950 | 300,000 | ||
| d) | Aggregated information | N/A (single transaction) | |
| Aggregated volume | |||
| Price | |||
| e) | Date of the transaction | 2 February 2017 | |
| f) | Place of the transaction | Euro MTF Market of the Luxembourg Stock Exchange (XLUX) |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Greenberry plc | |
| 2 | Reason for the notification | ||
| a) | Position/status | Notification concerns a PCA, being a legal person the managerial responsibilities of which are discharged by Marco Fumagalli, a PDMR (Non-Executive Director of Sound Energy plc). |
|
| b) | Initial notification/Amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Sound Energy plc | |
| b) | LEI | - | |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a) | Description of the financial instrument, type of instrument | 5.0% secured notes due 21 June 2021 | |
| Identification code | XS1434582885 | ||
| b) | Nature of the transaction | Disposal of 5.0% secured notes due 21 June 2021 | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| €0.951 | 300,000 | ||
| d) | Aggregated information | N/A (single transaction) | |
| Aggregated volume | |||
| Price | |||
| e) | Date of the transaction | 2 February 2017 | |
| f) | Place of the transaction | Euro MTF Market of the Luxembourg Stock Exchange (XLUX) |
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 |
[email protected] |
| Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes |
Tel: +44 (0)20 7131 4000 |
| RBC Capital Markets - Broker Matthew Coakes Martin Copeland Laura White |
Tel: +44 (0)20 7653 4000 |
This information is provided by RNS
The company news service from the London Stock Exchange
END
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