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SOU Sound Energy Plc

0.775
-0.042 (-5.14%)
24 Apr 2024 - Closed
Delayed by 15 minutes
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
  -0.042 -5.14% 0.775 0.702 0.848 0.85 0.70 0.758 16,751,020 16:35:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 0 4.97M 0.0026 3.23 16.09M

Sound Energy PLC Director/PDMR Shareholding and Issue of Equity (4560R)

21/09/2017 12:48pm

UK Regulatory


Sound Energy (LSE:SOU)
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TIDMSOU

RNS Number : 4560R

Sound Energy PLC

21 September 2017

21 September 2017

Sound Energy plc

("Sound Energy" or the "Company")

Director/PDMR Shareholding and Issue of Equity

Sound Energy, the African and European focused upstream gas company, announces that James Parsons, the Company's Chief Executive Officer, has today exercised a total of 3,350,000 options to subscribe for new ordinary shares in the Company at an exercise price of 8 pence per share (the "Option Exercise").

Mr Parsons has also advised the Company that he has today sold 1,878,904 ordinary shares in the Company at an average price of 48 pence per ordinary share to cover the costs of the Option Exercise and associated tax, retaining the net amount.

As a result of the Option Exercise, the Company will issue a total of 3,350,000 new ordinary shares in the capital of the Company (the "New Ordinary Shares"). The New Ordinary Shares have been admitted to trading on AIM as part of a block admission announced on 22 December 2016. Following the issue of the New Ordinary Shares, the Company will have 1,007,455,799 ordinary shares in issue.

Following the Option Exercise, Mr Parsons is now beneficially interested in a total of 3,192,283 ordinary shares in the Company, representing 0.32% of the Company's issued ordinary share capital, as enlarged by the issue of the New Ordinary Shares. In addition, Mr Parsons remains interested in options to subscribe for up to a further 4,250,000 new ordinary shares in the Company, subject to vesting criteria being met.

For further information please contact:

 
 Vigo Communications - PR                   Tel: +44 (0)20 7830 
  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 
 RBC Capital Markets - Broker               Tel: +44 (0)20 7653 
  Matthew Coakes                                           4000 
  Martin Copeland 
  Laura White 
 

The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide 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                              James Parsons 
----  --------------------------------  ---------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------- 
 a)    Position/status                   PDMR (Chief Executive 
                                          Officer) 
----  --------------------------------  ---------------------------- 
 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         Exercise of Options 
----  --------------------------------  ---------------------------- 
 c)    Price(s) and volumes(s)           Price(s)       Volume(s) 
----  --------------------------------  -------------  ------------- 
                                              GBP0.08      3,350,000 
  ---------------------------------------------------  ------------- 
 d)    Aggregated information            N/A (single transaction) 
----  --------------------------------  ---------------------------- 
  Aggregated volume 
 -----------------------------------------------  ------------------ 
  Price 
 -----------------------------------------------  ------------------ 
 e)    Date of the transaction           21 September 2017 
----  --------------------------------  ---------------------------- 
 f)    Place of the transaction          Outside a trading venue 
----  --------------------------------  ---------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  -------------------------------------------------------------- 
 a)    Name                              James Parsons 
----  --------------------------------  ---------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------- 
 a)    Position/status                   PDMR (Chief Executive 
                                          Officer) 
----  --------------------------------  ---------------------------- 
 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         Sale of ordinary shares 
----  --------------------------------  ---------------------------- 
 c)    Price(s) and volumes(s)           Price(s)       Volume(s) 
----  --------------------------------  -------------  ------------- 
                                              GBP0.48      1,878,904 
  ---------------------------------------------------  ------------- 
 d)    Aggregated information            N/A (single transaction) 
----  --------------------------------  ---------------------------- 
  Aggregated volume 
 -----------------------------------------------  ------------------ 
  Price 
 -----------------------------------------------  ------------------ 
 e)    Date of the transaction           21 September 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

MSCOKDDNDBKDDCB

(END) Dow Jones Newswires

September 21, 2017 07:48 ET (11:48 GMT)

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