23 May 2019
Sound Energy plc
("Sound Energy" or the "Company")
Sound Energy, the Moroccan focused upstream gas company, is pleased to announce the appointment of Simon Davies as Independent Non-Executive Chairman of the Company with immediate effect.
Simon Davies is an experienced Chairman with a wealth of City experience, including former positions as Executive Chairman of Threadneedle Asset Management, Chairman of JP Morgan Global Growth & Income PLC and Non-Executive Director of Grainger PLC and Old Mutual Wealth Management, and previously served as Chairman of the Investment Management Association. Mr. Davies was previously the Chairman of Sound Energy's Board between 2014-2016 and a Non-Executive Director of the Company from 2005-2010.
Richard Liddell, the Company's previous Independent Non-Executive Chairman, will continue as an Independent Non-Executive Director of the Company. Stepping down as Chairman will enable Mr. Liddell to devote additional time to his other business interests.
In addition to his appointment to the Sound Energy board of directors, Mr. Davies, aged 60, holds or has held the following directorships or partnerships in the past five years.
Previous (last five years)
Square Mile Investment Consulting and Research Limited
Sound Energy PLC
Cranview Properties Limited
JPMorgan Global Growth & Income PLC
Mr. Davies is beneficially interested in or controls a total of 17,669,000 ordinary shares in the Company, representing 1.67% of the Company's issued ordinary share capital.
James Parsons, Chief Executive, commented:
"I would like to thank Richard for his contribution and counsel during his tenure as Chairman, and am delighted he will remain on the board as a Non-Executive Director. I look forward to working with Simon again and know he will bring a huge amount to the Board at an important time for the Company."
For further information please contact:
Vigo Communications - PR Adviser
Tel: 44 (0)20 7390 0230
James Parsons, Chief Executive Officer
JJ Traynor, Chief Financial Officer
Cenkos Securities - Nominated Adviser
Tel: 44 (0)20 7397 8900
RBC - Joint Broker
Tel: 44 (0)20 7653 4000
Macquarie Capital (Europe) Limited - Joint Broker
Tel: 44 (0)20 3031 2000
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.