RNS Number : 2195H
Sound Energy PLC
15 August 2016
 

15 August 2016

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Director/PDMR Shareholding

 

Sound Energy, the Mediterranean / European focused upstream gas company, announces that it has been notified of a number of disposals of the Company's warrants by Greenberry S.A. ("Greenberry") as summarised below:

 

Number of warrants

disposed of

Exercise price

(pence)

Disposal price

(pence)

Date

1,315,790

24

nil

12-Aug-2016

3,802,630

24

0.2

12-Aug-2016

21,514,752

30

nil

12-Aug-2016

13,168,957

30

0.1

12-Aug-2016

 

Marco Fumagalli, a director of the Company, is Managing Partner of, and a 25% shareholder in, Continental Investment Partners SA ("Continental").  Greenberry is an affiliate of Continental by virtue of its common ownership.  Whilst there is no change to Mr Fumagalli's beneficial interest arising from such transfer, included in the transactions shown above is a transfer of 15,000,000 warrants (exercisable at 30 pence per share) from Greenberry to Mr Fumagalli for nil consideration (this transfer was part of a transfer to Greenberry's shareholders in proportion to their shareholdings).

 

The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Greenberry S.A.

2

Reason for the notification

a)

Position/status

Notification concens a PCA, being a legal person the managerial responsibilities of which are discharged by Marco Fumagalli, a PDMR (Non-Executive Director of Sound Energy plc).

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Sound Energy plc

b)

LEI

-

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Warrants to subscribe for new ordinary shares of £0.01 each


Identification code

GB00B90XFF12

b)

Nature of the transaction

Disposal of warrants (note: the warrant disposals shown below include the transfer of 15,000,000 warrants (exercisable at £0.30 per share) to Marco Fumagalli for £nil)

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

(1) Disposal of warrants with £0.24 exercise price

£nil

£nil

£0.002

£0.002

(2) Disposal of warrants with £0.30 exercise price

£nil

£nil

£nil

£nil

£nil

£nil

£nil

£nil

£nil

£nil

£nil

£nil

£0.001

£0.001

£0.001

£0.001

£0.001

£0.001

£0.001

£0.001

£0.001

(1) Disposal of warrants with £0.24 exercise price

657,895

657,895

2,862,332

940,298

(2) Disposal of warrants with £0.30 exercise price

2,083,000

208,333

62,500

1,000,000

125,000

187,500

312,500

577,256

260,417

312,500

692,708

692,708

15,000,000

8,300,000

260,433

260,400

692,708

295,000

600,000

1,666,666

1,093,000

d)

Aggregated information


Aggregated volume

(1) 5,118,420 warrants

(2) 34,683,709 warrants


Price

(1) £0.0015

(2) £0.0004

e)

Date of the transaction

12 August 2016

f)

Place of the transaction

Outside of a trading venue

 

 

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

For further information on Sound Energy visit www.soundenergyplc.com or  contact:

 

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

Alexandra Roper

Tel: 44 (0)20 7830 9700

 

Sound Energy

James Parsons, Chief Executive Officer

 

 

j.parsons@soundenergyplc.com

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes

Tel: 44 (0)20 7131 4000

 

Cantor Fitzgerald Europe - Broker

Sarah Wharry

David Porter

 

Tel: 44 (0)20 7894 8896

 


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