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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.04 | 5.13% | 0.82 | 0.81 | 0.83 | 760,400 | 16:35:29 |
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 : 1280Q
Sound Energy PLC
25 November 2016
25 November 2016
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE PROHIBITED BY ANY APPLICABLE LAW.
Sound Energy plc
("Sound Energy" or the "Company")
Successful GBP26.9 million Fundraising at Market
Sound Energy, the European and African focused upstream gas company, yesterday announced the launch of institutionally underwritten Offers to raise GBP24.1 million at 81 pence per New Ordinary Share. The Offers closed at 5.00 p.m. on 24 November 2016.
The Company is delighted to announce that following excess applications under the Offers the overall size of the Offers has been increased. The Company has therefore accepted applications to subscribe for an aggregate of 33,239,323 New Ordinary Shares resulting in gross proceeds of GBP26.9 million being raised.
The Company has therefore today issued and allotted a total of 33,239,323 New Ordinary Shares to satisfy the Offers and, as a result of the excess applications, application has been made to the London Stock Exchange for an additional 3,440,436 New Ordinary Shares, which rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 30 November 2016.
The net proceeds of the Offers are approximately GBP24.3 million.
Total Voting Rights
Following the issue of the New Ordinary Shares, the Company will have 618,224,223 ordinary shares of 1p each in issue ("Ordinary Shares"). No Ordinary Shares are held in treasury. The figure of 618,224,223 may be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Rules and Transparency Rules.
Defined terms used in this announcement not otherwise defined shall have the same meaning as those terms defined and used in the "Underwritten Offers to Raise GBP24.1 million" announcement released by the Company on 24 November 2016.
Vigo Communications - PR Adviser Tel: +44 (0)20 7830 Patrick d'Ancona 9700 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 PrimaryBid Limited Tel: +44 (0)20 7491 Dave Mutton 6519 info@primarybid.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 25, 2016 02:00 ET (07:00 GMT)
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