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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.024 | 3.09% | 0.80 | 0.718 | 0.898 | 0.80 | 0.80 | 0.80 | 2,797,659 | 09:36:34 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | 4.97M | 0.0026 | 3.08 | 15.33M |
TIDMSOU
RNS Number : 6034V
Sound Energy PLC
04 December 2023
4 December 2023
Sound Energy plc
("Sound Energy" or the "Company")
Successful Completion of Bond Restructuring
Sound Energy, the AIM-listed transition energy company , is pleased to announce that at the meeting of the holders (the "Noteholders") of the Company's Luxembourg listed EUR 28.8m 5.0% senior secured notes (the "Notes") held earlier today to consider the proposal for the restructuring of the Notes (the "Proposal"), the Proposal was duly approved by Noteholders by the requisite majority.
At the Noteholder meeting, quorum was reached with voting instructions representing EUR 15.7M of the Notes lodged by Noteholders, with 96.18% of votes cast in favour of the Proposal.
As a result of the Noteholders' approval of the Proposal, the prior obligation for the Company to commence amortisation of the Notes at a rate of 5.0% of the EUR 25.3M Notes principal outstanding every six months from 21 December 2023 until maturity in December 2027 has now been removed.
Notice of the result of the Noteholder meeting will shortly be sent to Noteholders and will be available on the Company's website at www.soundenergyplc.com thereafter.
For further information:
Flagstaff Strategic and Investor Communications Tel: 44 (0)20 129 1474 Tim Thompson Mark Edwards sound@flagstaffcomms.com Alison Allfrey Sound Energy Graham Lyon, Executive Chairman chairman@soundenergyplc.com Cavendish Capital Markets - Nominated Adviser Tel: 44 (0)20 7397 8900 Ben Jeynes Peter Lynch SP Angel Corporate Finance LLP - Broker Richard Hail Tel: 44 (0)7789 865 095 Gneiss Energy Limited - Financial Adviser Tel: 44 (0)20 3983 9263 Jon Fitzpatrick Paul Weidman Doug Rycroft
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END
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(END) Dow Jones Newswires
December 04, 2023 09:26 ET (14:26 GMT)
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