RNS Number : 2515T
Sound Energy PLC
24 March 2016

24 March 2016


Sound Energy plc

("Sound Energy" or the "Company")


Issue of Options and Director's Dealing


Sound Energy, the European/Mediterranean focused upstream gas company, announces that on 23 March 2016 it issued of a total of 9,050,000 options to subscribe for new ordinary shares in the Company at a price of 16 pence per ordinary share (the "Options"). 


The Options will vest on 23 March 2019 and will be exercisable thereafter at any time until 23 March 2021. The Options will vest subject to the pre-determined performance criteria that if the price per ordinary share in the Company increases over the three-year vesting period by 15%, 10%, or 5% on a compounded annualised basis then all, two-thirds, or one-third of the Options respectively will vest.


James Parsons, the Company's Chief Executive Officer and a director of the Company, has been issued with 3,000,000 of the Options.



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




Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes


Tel: 44 (0)20 7131 4000

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