29 July 2015
Sound Oil plc
("Sound Oil" or the "Company")
Exercise of Warrants
Sound Oil, the Mediterranean focused upstream oil and gas company, announces the exercise of 2,015,807 warrants (2,015,384 warrants issued in July 2014 at an exercise price of 10.4p per share and 423 warrants issued in July 2015 at an exercise price of 24p per share) and the consequent issue of 2,015,807 new ordinary shares in the Company (the "New Shares").
Application has been made for the New Shares to be admitted to trading on AIM and it is expected that dealings will commence on 3 August 2015. Following the issue of the New Shares, the Company will have 503,676,671 ordinary shares in issue with no shares held in treasury. This is the total number of voting rights in Sound Oil and 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 Rules and Transparency Rules.
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