RNS Number : 1752R
Sound Energy PLC
25 October 2023
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation ("MAR") (EU) No. 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

25 October 2023

 

Sound Energy plc

 

("Sound Energy" or the "Company")

 

Extensions to Attijariwafa Term sheet and ONEE Gas Sales Agreement

 

Sound Energy (AIM: SOU), the transition energy company, confirms the extension of both the ONEE (Office National de l'Electricité et de l'Eau Potable) Gas Sales Agreement ("GSA") and the Attijariwafa bank funding offer until 31st December 2023.

 

Further to announcement of 28th June regarding the conditioned financing offer by Attijariwafa bank, the Company confirms that it is in discussions with ONEE under the auspices of the Ministry of Energy to conclude the amendments to the GSA to the lender's satisfaction, in order to complete the necessary conditions precedent to the Conditional Offer.

 

Commenting, Graham Lyon (Executive Chairman) said:

 

"Various elements within the GSA are being amended to meet the debt funders criteria and to meet international standards. As such, Sound Energy, ONHYM, ONEE and Attijariwafa bank are engaged under the auspices of the Ministry of Energy to conclude a revised GSA by year end."

 

For further information:

                               

 

Flagstaff Strategic and Investor Communications

Tim Thompson

Mark Edwards

Alison Allfrey

 

Tel: 44 (0)20 129 1474

 

sound@flagstaffcomms.com

 

Sound Energy

Graham Lyon, Executive Chairman

 

 

chairman@soundenergyplc.com

 

 

Cavendish Securities - Nominated Adviser

Ben Jeynes 

Peter Lynch

 

 

Tel: 44 (0)20 7397 8900

 

SP Angel Corporate Finance LLP - Broker

 

Tel: 44 (0)7789 865 095

Richard Hail

 


 

Gneiss Energy Limited - Financial Adviser

Jon Fitzpatrick

Paul Weidman

Doug Rycroft

 

 

Tel: 44 (0)20 3983 9263

 

 

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