RNS Number : 1999E
Sound Oil PLC
16 December 2009
 



16 December 2009


Sound Oil plc (the "Company")


Director's shareholding


The Company received notification on 15 December 2009 that 6,250,000 ordinary shares in the Company beneficially owned by Jusuf Rachmantio (a director of the Company) were sold on that day at a price of 1.6p per share. This sale concludes the limited sale exercise previously announced of shares held as security by the Bank of Scotland (the total sold in this exercise amounts to 9.25 million shares, rather than the 8.0 million originally indicated). The remaining 10,750,000 shares held as security by the Bank of Scotland will be transferred back to Exiga Energy Ltd, in which Mr Rachmantio has a 100% interest.


Following this sale he owns 26,272,309 shares (representing approximately 3.8% of the Company's issued share capital).


Further information on the Company can be found at www.soundoil.co.uk.


For further information please contact:


Sound Oil

07903 861145

Gerry Orbell, Chairman




Smith & Williamson Corporate Finance - Nomad

020 7131 4000

Azhic Basirov


David Jones




Evolution Securities - Joint Broker

020 7071 4300

Tim Redfern




Religare Hichens, Harrison - Joint Broker

020 7382 7776

Daniel Briggs




Buchanan Communications

020 7466 5000

Tim Thompson




This information is provided by RNS
The company news service from the London Stock Exchange
 
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