RNS Number : 4560R
Sound Energy PLC
21 September 2017
 

21 September 2017

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Director/PDMR Shareholding and Issue of Equity

 

Sound Energy, the African and European focused upstream gas company, announces that James Parsons, the Company's Chief Executive Officer, has today exercised a total of 3,350,000 options to subscribe for new ordinary shares in the Company at an exercise price of 8 pence per share (the "Option Exercise").

 

Mr Parsons has also advised the Company that he has today sold 1,878,904 ordinary shares in the Company at an average price of 48 pence per ordinary share to cover the costs of the Option Exercise and associated tax, retaining the net amount.

 

As a result of the Option Exercise, the Company will issue a total of 3,350,000 new ordinary shares in the capital of the Company (the "New Ordinary Shares"). The New Ordinary Shares have been admitted to trading on AIM as part of a block admission announced on 22 December 2016. Following the issue of the New Ordinary Shares, the Company will have 1,007,455,799 ordinary shares in issue.

 

Following the Option Exercise, Mr Parsons is now beneficially interested in a total of 3,192,283 ordinary shares in the Company, representing 0.32% of the Company's issued ordinary share capital, as enlarged by the issue of the New Ordinary Shares. In addition, Mr Parsons remains interested in options to subscribe for up to a further 4,250,000 new ordinary shares in the Company, subject to vesting criteria being met.

 

 

 

 

For further information please 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

RBC Capital Markets - Broker

Matthew Coakes

Martin Copeland

Laura White

Tel: 44 (0)20 7653 4000

 

The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide 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

James Parsons

2

Reason for the notification

a)

Position/status

PDMR (Chief Executive Officer)

 

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

Ordinary shares of 1p each

 

Identification code

GB00B90XFF12

b)

Nature of the transaction

Exercise of Options

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£0.08

3,350,000

d)

Aggregated information

N/A (single transaction)

 

Aggregated volume

 

 

Price

 

e)

Date of the transaction

21 September 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

James Parsons

2

Reason for the notification

a)

Position/status

PDMR (Chief Executive Officer)

 

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

Ordinary shares of 1p each

 

Identification code

GB00B90XFF12

b)

Nature of the transaction

Sale of ordinary shares

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£0.48

1,878,904

d)

Aggregated information

N/A (single transaction)

 

Aggregated volume

 

 

Price

 

e)

Date of the transaction

21 September 2017

f)

Place of the transaction

London Stock Exchange (XLON)

 


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