RNS Number : 6067A
Sound Oil PLC
22 March 2013
 



22 March 2013

 

Sound Oil plc

("Sound Oil" or the "Company")

Result of Open Offer

 

Sound Oil, the Italian focused upstream oil and gas company, announces the result of its Open Offer to raise up to £1 million (before expenses) through the issue of up to 12,386,968 Open Offer Shares at 8.073 pence per New Ordinary Share. The Open Offer was not underwritten.

 

The Company has received valid acceptances in respect of 605,662 Open Offer Shares from Eligible Shareholders.

 

Application has been made to the London Stock Exchange for the Open Offer Shares, which rank pari passu with the Company's issued Ordinary Shares, to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings will commence at 8.00 a.m. on 25 March 2013. Following the issue of the Open Offer Shares, the Company will have 287,618,544 Ordinary Shares in issue.

 

There are no shares held in treasury. The total number of voting rights in the Company is therefore 287,618,544 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 change to their interest in, the Company under the Disclosure and Transparency Rules.

 

All capitalised terms in this announcement are as defined in the circular of the Company dated 6 March 2013.

 

 

For further information please contact:

 

Sound Oil

James Parsons, Chief Executive Officer

 

j.parsons@soundoil.co.uk

 

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

 

 

Tel: 44 (0)20 7131 4000

 

Peel Hunt - Broker

Richard Crichton

Charles Batten

 

Tel: 44 (0)20 7418 8900

 

 

 

 

 


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