25 September 2015
Sound Oil plc
("Sound Oil" or the "Company")
Sound Oil, the Mediterranean focused upstream gas company, announces that it was notified on 24 September 2015 that Metano Capital SA ("Metano") had, on that same day, acquired 250,000 ordinary shares in the Company at a price of 14.2 pence per ordinary share.
Metano is a wholly owned subsidiary of Continental Investment Partners SA ("Continental"). Marco Fumagalli, a director of the Company, is Managing Partner of, and a 25% shareholder in, Continental.
As a result of this purchase, Continental and its affiliates are interested in a total of 65,717,162 ordinary shares in the Company, representing 13.05% of Sound Oil's issued ordinary share capital.
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
Cantor Fitzgerald Europe - Broker
Tel: 44 (0)20 7894 8896