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SOUND ENERGY PLC

Share Issue/Capital Change Sep 29, 2023

7926_rns_2023-09-29_a774d72f-979e-4323-aed6-afb89ea3f550.html

Share Issue/Capital Change

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National Storage Mechanism | Additional information

RNS Number : 2374O

Sound Energy PLC

29 September 2023

29 September 2023

Sound Energy plc

("Sound Energy" or the "Company")

Partial Conversion of Convertible Loan Note

Total Voting Rights

Sound Energy (AIM: SOU), the AIM listed transition energy company, advises that it has received conversion notices to issue 22,222,221 new Ordinary Shares ("Shares") at a conversion price of 2.25 pence per Share under an existing Convertible Loan Note Agreement, the terms of which were announced on 13 June 2023 ("Partial Conversion"). The Partial Conversion reduces the amount owing on the Convertible Notes by £500,000, with £1,000,000 remaining.

An application has been made for the Shares to be admitted to trading on AIM ("Admission"). The Shares will rank pari passu with the existing ordinary shares in issue and it is expected that Admission will occur on or around 8.00 a.m. on 5 October 2023.

Following Admission, the Company's enlarged share capital will comprise 1,929,789,348 ordinary shares of 1p each, each with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Flagstaff Strategic and Investor Communications

Tim Thompson

Mark Edwards

Alison Allfrey
[email protected]

Tel: +44 (0)20 129 1474
Sound Energy

Graham Lyon, Executive Chairman
[email protected]
Cavendish Securities - Nominated Adviser

Ben Jeynes 

Peter Lynch
Tel: +44 (0)20 7220 0500
SP Angel Corporate Finance LLP - Broker

Richard Hail
Tel: +44 (0)7789 865 095
Gneiss Energy Limited - Financial Adviser

Jon Fitzpatrick

Paul Weidman

Doug Rycroft
Tel: +44 (0)20 3983 9263

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

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