RNS Number : 0493Z
Sound Energy PLC
19 May 2021
19 May 2021
Sound Energy plc
("Sound Energy" or the "Company")
Director/PDMR Shareholding
Sound Energy, the Moroccan focused upstream gas company, announces that on 18 May 2021 it was notified that on that same day, Nusakan plc ("Nusakan"), a Continental Investment Partners SA affiliate on account of its common ownership, had, as part of a broader realisation of Nusakan, distributed the entirety of its shareholding in Sound Energy, being 18,775,507 ordinary shares in the Company ("Ordinary Shares"), directly to Nusakan's own shareholders for no consideration (the "Distribution"). Marco Fumagalli, a Non-Executive Director of the Company, is a 25% shareholder of Nusakan and has therefore been distributed 4,693,877 Ordinary Shares pursuant to the Distribution.
Marco Fumagalli's beneficial interest in the Company is unchanged as a result of the Distribution, with Mr. Fumagalli now holding a direct interest in 4,693,877 Ordinary Shares, representing approximately 0.32% of the Company's issued ordinary share capital, in his own name.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further details.
For further information please contact:
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Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon
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Tel: 44 (0)20 7390 0230 |
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Sound Energy Graham Lyon, Executive Chairman |
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Cenkos Securities - Nominated Adviser Ben Jeynes Russell Cook
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Tel: 44 (0)20 7397 8900 |
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SP Angel Corporate Finance LLP Richard Hail |
Tel: 44 (0)20 3470 0470 |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Marco Fumagalli |
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2 |
Reason for the notification |
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a) |
Position/status |
PDMR (Non-Executive Director)
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Sound Energy plc |
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b) |
LEI |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of 1p each |
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Identification code |
GB00B90XFF12 |
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b) |
Nature of the transaction |
Receipt of ordinary shares by way of distribution in specie |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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£0.00 |
4,693,877 |
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d) |
Aggregated information |
NA (single transaction) |
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Aggregated volume |
- |
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Price |
- |
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e) |
Date of the transaction |
18 May 2021 |
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f) |
Place of the transaction |
Outside of a trading venue |
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