Director's Dealing • Feb 24, 2020
Director's Dealing
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RNS Number : 9685D
Sound Energy PLC
24 February 2020
24 February 2020
Sound Energy plc
("Sound Energy" or the "Company")
Director/PDMR Shareholding
Sound Energy, the Moroccan focused upstream gas company, announces that it has been notified that Brian Mitchener, the Company's Exploration Director, has today sold 2,050,000 ordinary shares in the Company at a price of 1.5182 pence per ordinary share (the "Disposal").
Following the Disposal, Mr. Mitchener is now interested in 3,405,555 Ordinary Shares in the Company, representing 0.29 per cent. of the Company's issued ordinary share capital.
As previously announced, Mr. Mitchener will step down from the Board with effect from 31 March 2020 and the Disposal is part of the intended sale of a proportion of Mr. Mitchener's shareholding in the Company to cover tax and national insurance liabilities arising from an issue of new ordinary shares to Mr. Mitchener announced on 27 January 2020.
The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further details.
For further information please contact:
| Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon |
Tel: 44 (0)20 7390 0230 |
| Sound Energy | [email protected] |
| 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 |
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 | Brian Mitchener | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR (Director) | ||||
| 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 | 213800VQKS2TU6FOW115 | ||||
| 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 | Ordinary shares of 1p each | ||||
| Identification code | GB00B90XFF12 | |||||
| b) | Nature of the transaction | Sale of ordinary shares | ||||
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |||
| £0.015182 | 2,050,000 | |||||
| d) | Aggregated information | NA (single transaction) | ||||
| Aggregated volume | - | |||||
| Price | - | |||||
| e) | Date of the transaction | 24 February 2020 | ||||
| f) | Place of the transaction | AIMX | ||||
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 [email protected] or visit www.rns.com.
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