We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sound Energy Plc | LSE:SOU | London | Ordinary Share | GB00B90XFF12 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.817 | 0.80 | 0.834 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | 4.97M | 0.0026 | 3.00 | 14.94M |
TIDMSOU
RNS Number : 2500K
Sound Energy PLC
19 September 2016
19 September 2016
Sound Energy plc
("Sound Energy" or the "Company")
Block Admission
Sound Energy, the European and African focused upstream company, announces that, further to the block admissions first announced by the Company on 7 August 2015, applications have been made for the block admissions of up to a further 37,189,119 ordinary shares of 1p each in the Company (the "New Ordinary Shares") to trading on AIM (the "Block Admissions"). The New Ordinary Shares are expected to be issued from time to time pursuant to the exercise of warrants to subscribe for new ordinary shares of 1p each in the Company ("Ordinary Shares").
The New Ordinary Shares are expected to be admitted to trading on AIM on 22 September 2016 and will, when issued, rank pari passu with the Company's existing Ordinary Shares.
The Block Admissions have been made in respect of the issue of Ordinary Shares pursuant to the exercise of: (i) warrants issued by the Company in 2015 to subscribe for new Ordinary Shares at a price of 24.0p per new Ordinary Share (the "2015 Warrants"); and (ii) warrants issued by the Company in 2016 to subscribe for new Ordinary Shares at a price of 30.0p per new Ordinary Share (the "2016 Warrants"), in the below amounts:
Block Admissions
2015 Warrants 12,189,119 --------------- ----------- 2016 Warrants 25,000,000 --------------- ----------- Total 37,189,119 --------------- -----------
Following admission, the Company will continue to have 538,201,804 ordinary shares of 1p each in issue with no shares being held in treasury. This is the total number of voting rights in Sound Energy and may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Rules and Transparency Rules.
As a result of the Block Admissions, the Company will have a total of 107,640,360 Ordinary Shares admitted to trading on AIM under block admissions in respect of Ordinary Shares which may be issued from time to time pursuant to the exercise of: (i) warrants issued by the Company in 2014 to subscribe for new Ordinary Shares at a price of 10.4p per new Ordinary Share (the "2015 Warrants"); (ii) the 2015 Warrants; and (iii) the 2016 Warrants.
Total block admissions
2014 Warrants 50,753,847 --------------- ------------ 2015 Warrants 31,886,513 --------------- ------------ 2016 Warrants 25,000,000 --------------- ------------ Total 107,640,360 --------------- ------------
For further information please contact:
Vigo Communications - Tel: +44 (0)20 7830 PR Adviser 9700 Patrick d'Ancona Chris McMahon Alexandra Roper Sound Energy j.parsons@soundenergyplc.com James Parsons, Chief Executive Officer Smith & Williamson - Nominated Tel: +44 (0)20 7131 Adviser 4000 Azhic Basirov David Jones Ben Jeynes Cantor Fitzgerald Europe Tel: +44 (0)20 7894 - Broker 8896 Sarah Wharry David Porter
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUKUNRNVAKAAR
(END) Dow Jones Newswires
September 19, 2016 12:27 ET (16:27 GMT)
1 Year Sound Energy Chart |
1 Month Sound Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions