RNS Number : 0274U
Sound Energy PLC
20 November 2023
 


20 November 2023

 

Sound Energy plc

("Sound Energy" or the "Company")

 

 

Adjournment of Noteholder Meeting

 

Sound Energy, the AIM-listed transition energy company, announces that, further to the Company's announcement of 3 November 2023 in respect of the Company's proposal set out in its Consent Solicitation Memorandum (the "Proposal") for the restructuring of the Company's Luxembourg listed EUR 28.8m 5.0% senior secured notes (the "Notes"), the meeting of the holders of the Notes (the Noteholders") convened to be held earlier today to consider the Proposal (the "Noteholder Meeting") was adjourned due to lack of the necessary quorum.

 

An adjourned Noteholder meeting, to consider the Proposal in unamended form, will now be held at 10:00 a.m. on 4 December 2023 (the "Adjourned Noteholder Meeting").

 

The Adjourned Noteholder Meeting will require a quorum of 25 per cent. of the aggregate principal amount of the outstanding Notes, being considerably lower than the 75 per cent. of the aggregate principal amount of the outstanding Notes that had been required for the Noteholder Meeting.

 

Notice of the Adjourned Noteholders Meeting will shortly be sent to Noteholders and will be available on the Company's website at www.soundenergyplc.com thereafter.

 

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 Capital Markets - Nominated Adviser

Ben Jeynes 

Peter Lynch

 

 

 

Tel: 44 (0)20 7397 8900

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

 

 

 

 

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