21 February 2017
Sound Energy plc
("Sound Energy", the "Company" and together with its subsidiaries the "Group")
Posting of Circular and Notice of General Meeting
Sound Energy, the African and European focused upstream gas company, announces that a circular (the "Circular") containing a notice convening a general meeting of the Company will shortly be posted to shareholders.
As described in the Company's announcement of the terms of the Acquisition on 20 February 2017, the purpose of the General Meeting is to seek shareholder approval to provide the Directors with authority to allot the Consideration Shares in connection with the Acquisition.
The General Meeting is to be held at Glaziers Hall, 9 Montague Close, London Bridge, London SE1 9DD at 11:00 a.m. on 15 March 2017.
The Circular provides more information on the Resolution to be put to the General Meeting and will shortly be available on the Company's website at www.soundenergyplc.com. Unless otherwise defined in this announcement, all defined terms used in this announcement shall have the meaning ascribed to them in the Circular.
The Directors consider that the Acquisition and the issue of the Consideration Shares are in the best interests of Shareholders as a whole and unanimously recommend that Shareholders vote in favour of the Resolution, as the Directors intend to do in respect of their own beneficial holdings of Ordinary Shares, representing approximately 0.28 per cent. of the Company's Existing Ordinary Shares. Marco Fumagalli is Managing Partner and 25 per cent. shareholder of Continental Investment Partners SA. Continental also intends to vote in favour of the Resolution in respect of the voting rights over Ordinary Shares which Continental is entitled to exercise (representing approximately 9.91 per cent. of the Existing Ordinary Shares).
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
RBC Capital Markets - Broker
Tel: 44 (0)20 7653 4000