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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.042 | -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 |
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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