30 December 2011
Sound Oil plc
("Sound Oil" or "the Company")
Director's dealing, Issue of Equity and Total Voting Rights
Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces that Gerry Orbell, a director of the Company, and certain employees of the Company have been awarded bonuses including, in total, the award of 5,794,118 new ordinary shares in the Company. Included in Mr Orbell's bonus is an award of 1,764,706 ordinary shares at an issue price of 1.7p per share. Following this award, Mr Orbell will hold 14,513,124 ordinary shares in the Company, representing 0.79% of the Company's issued ordinary shares.
Application has been made for the new shares referred to above to be admitted to AIM and this is expected to become effective on 5 January 2012. Following the issue of these shares, the Company will have 1,833,199,548 ordinary shares in issue with each share carrying the right to one vote. There are no shares held in treasury. The total number of voting rights in the Company is therefore 1,833,199,548 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.
For further information please contact:
Gerry Orbell, Chairman and Chief Executive
Tel: 44 (0)1372 365745
Smith & Williamson - Nominated Adviser
Tel: 44 (0)20 7131 4000
Investec - Broker
Tel: 44 (0)20 7597 4000
Tel: 44 (0)20 7466 5000