RNS Number : 1471S
Sound Energy PLC
16 December 2016
16 December 2016
Sound Energy plc
("Sound Energy" or the "Company")
Director/PDMR Shareholding
Sound Energy, the Mediterranean / European focused upstream gas company, announces that it has been notified that Greenberry plc ("Greenberry") has today purchased 774,387 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 68.15 pence per Ordinary Share.
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.
As a result of this purchase of Ordinary Shares, Continental and its affiliates are interested in a total of 66,491,549 Ordinary Shares, representing 10.01% of the Company's issued ordinary share capital.
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
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||
|
a) |
Name |
Greenberry plc |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
Notification concens 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). |
|
|
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 |
Purchase of ordinary shares |
|
|
c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
|
£0.6815 |
774,387 |
||
|
d) |
Aggregated information |
N/A (single transaction) |
|
|
|
Aggregated volume |
|
|
|
|
Price |
|
|
|
e) |
Date of the transaction |
16 December 2016 |
|
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
|
For further information on Sound Energy visit www.soundenergyplc.com or 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