30 June 2015
Sound Oil plc
("Sound Oil" or the "Company")
Result of AGM, Total Voting Rights and Update re Funding Second Tranche
Sound Oil, the Mediterranean focused upstream gas company, is pleased to announce that at the annual general meeting of the Company held earlier today, all resolutions were duly passed.
Total Voting Rights
The Company also wishes to announce, in accordance with the Financial Conduct Authority's Disclosure Rules and Transparency Rules, the following information as at 29 June 2015:
Class of share
Total number of shares
Number of voting rights per share
Total number of voting rights per class of share
Ordinary shares of 1p each ("Ordinary Shares")
No Ordinary Shares are held in treasury.
The above figure for total number of ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Rules and Transparency Rules.
Funding Second Tranche
The Company is currently working towards completion of the second tranche of the placing first announced by the Company on 28 April 2015 (the "Placing"). The second tranche will see the issue of 15,157,895 new ordinary shares in the Company and 15,157,895 detachable/transferrable warrants to subscribe for new ordinary shares in the Company at a price of 24 pence per new ordinary share (the "Second Tranche"). The Company advises that completion of the Second Tranche is expected to occur shortly. A further announcement will be made in this regard in due course.
For further information please contact:
Vigo Communications - PR Adviser
Tel: 44 (0)20 7016 9573
James Parsons, Chief Executive Officer
Smith & Williamson - Nominated Adviser
Tel: 44 (0)20 7131 4000
Peel Hunt - Broker
Tel: 44 (0)20 7418 8900