13 October 2016
Sound Energy plc
("Sound Energy" or the "Company")
Exercise of Options and Issue of Equity
Sound Energy, the European and African focused upstream gas company, announces that as a result of an exercise of share options by a non-board employee of the Company, the Company issued 1,288,888 ordinary shares of 1p each in the Company (the "New Ordinary Shares") on 12 October 2016. Application will be made to the London Stock Exchange plc for the New Ordinary Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 19 October 2016.
Following the issue of the New Ordinary Shares, the Company will have 561,242,652 ordinary shares of 1p each in issue ("Ordinary Shares"). No Ordinary Shares are held in treasury. The figure of 561,242,652 may be used by the Company's 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.
For further information please contact:
Vigo Communications - PR Adviser
Tel: 44 (0)20 7830 9700
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