Sound Energy PLC Director/PDMR Shareholding (4990K)

TIDMSOU

RNS Number : 4990K

Sound Energy PLC

07 July 2017

7 July 2017

Sound Energy plc

("Sound Energy" or the "Company")

Director/PDMR Shareholding

Sound Energy, the Moroccan and European focused upstream gas company, announces that it has been notified that Greenberry plc ("Greenberry") has today purchased 200,000 ordinary shares in the Company ("Ordinary Shares") at a price of 51.308 pence per Ordinary Share.

As a result of this purchase of Ordinary Shares, Continental and its affiliates are interested in a total of 67,417,162 Ordinary Shares, representing 9.22% of the Company's issued ordinary share capital.

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.

For further information please contact:

 
 Vigo Communications - PR                   Tel: [phone] 
  Adviser                                                  9700 
  Patrick d'Ancona 
  Chris McMahon 
  Alexandra Roper 
 Sound Energy                      [e-mail] 
  James Parsons, Chief Executive 
  Officer 
 Smith & Williamson - Nominated             Tel: [phone] 
  Adviser                                                  4000 
  Azhic Basirov 
  David Jones 
  Ben Jeynes 
 RBC Capital Markets - Broker               Tel: [phone] 
  Matthew Coakes                                           4000 
  Martin Copeland 
  Laura White 
 

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 concerns 
                                           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      Ordinary shares of 1p 
        instrument, type of               each 
        instrument 
----  --------------------------------  ------------------------------ 
       Identification code               GB00B90XFF12 
----  --------------------------------  ------------------------------ 
 b)    Nature of the transaction         Purchase of ordinary 
                                          shares 
----  --------------------------------  ------------------------------ 
 c)    Price(s) and volumes(s)           Price(s)          Volume(s) 
----  --------------------------------  ----------------  ------------ 
                                              GBP0.51308       200,000 
  ------------------------------------------------------  ------------ 
 d)    Aggregated information            N/A (single transaction) 
----  --------------------------------  ------------------------------ 
  Aggregated volume 
 --------------------------------------------------  ----------------- 
  Price 
 --------------------------------------------------  ----------------- 
 e)    Date of the transaction           7 July 2017 
----  --------------------------------  ------------------------------ 
 f)    Place of the transaction          London Stock Exchange 
                                          (XLON) 
----  --------------------------------  ------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 07, 2017 10:44 ET (14:44 GMT)