RNS Number : 1154Q
Sound Energy PLC
24 November 2016
24 November 2016
Sound Energy plc
("Sound Energy" or the "Company")
Director/PDMR Shareholding
Sound Energy, the European and African focused upstream gas company, announces that it has been notified of an acquisition of €100,000 of the Company's 5.0% unsecured notes due 21 June 2021 ("5.0% Bonds") by Greenberry Plc ("Greenberry") on 24 November 2016 at an aggregate price of €96,850. The 5.0% Bonds are traded on the Euro MTF Market of the Luxembourg Stock Exchange.
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.
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
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Greenberry Plc |
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2 |
Reason for the notification |
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a) |
Position/status |
Notification concerns 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). |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Sound Energy plc |
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b) |
LEI |
- |
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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 |
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a) |
Description of the financial instrument, type of instrument |
5.0% secured notes due 21 June 2021 |
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Identification code |
XS1434582885 |
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b) |
Nature of the transaction |
Acquisition of 5.0% secured notes due 21 June 2021 |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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€0.9685 |
100,000 |
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d) |
Aggregated information |
N/A (single transaction) |
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Aggregated volume |
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Price |
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e) |
Date of the transaction |
24 November 2016 |
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f) |
Place of the transaction |
Euro MTF Market of the Luxembourg Stock Exchange (XLUX) |
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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:
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Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon Alexandra Roper |
Tel: 44 (0)20 7830 9700 |
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Sound Energy James Parsons, Chief Executive Officer
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Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes |
Tel: 44 (0)20 7131 4000 |
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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