RNS Number : 2527I
Sound Energy PLC
10 December 2020


10 December 2020


Sound Energy plc

("Sound Energy" or the "Company")



Results of Adjourned Noteholder Meeting


Sound Energy, the Moroccan focused upstream gas company, announces that, further to the Company's announcement of 28 October 2020 in respect of the Company's proposal set out in its Consent Solicitation Memorandum (the "Proposal") for the restructuring of the Company's Luxembourg listed EUR 28.8m 5.0% senior secured notes (the "Notes"), and to its subsequent announcement of 12 November 2020 in respect of the meeting of the holders of the Notes (the "Noteholders") to consider the Proposal and its adjournment, with the adjourned Noteholder meeting to consider the Proposal convened on 10 December 2020 (the "Adjourned Noteholder Meeting"), the following result of that meeting.


The Adjourned Noteholder Meeting met the required quorum of 25 per cent. of the aggregate principal amount of the outstanding Notes, the Proposal reached a simple majority however failed to receive the necessary majority in favour of three-quarters of the votes cast at such meeting, required to approve the Proposal by way of Extraordinary Resolution, consequently, the Proposal was therefore not approved.


The Company continues to consult with Noteholders and further announcements will be made, as appropriate, in due course.




For further information please contact:


Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon 


Tel: 44 (0)20 7390 0230

Sound Energy

Graham Lyon, Executive Chairman





Cenkos Securities - Nominated Adviser

Ben Jeynes 

Russell Cook



Tel: 44 (0)20 7397 8900

Turner Pope Investments (TPI) Ltd - Broker

Andy Thacker

Tel: (0)20 3657 0050


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.




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