Sound Energy PLC TVR and Block Admission Interim Review (6032C)

TIDMSOU

RNS Number : 6032C

Sound Energy PLC

01 October 2018

1 October 2018

Sound Energy plc

("Sound Energy" or the "Company")

Total Voting Rights and Block Admission Interim Review

Sound Energy, the Moroccan focused upstream company, announces, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the following information as at 30 September 2018.

As at 30 September 2018 the Company had 1,052,913,182* Ordinary Shares in issue with no shares are held in treasury. This is the total number of voting rights in Sound Energy and may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

*including 1,250,000 Ordinary Shares to be admitted to trading on AIM on 2 October 2018 - the issue of which was announced by the Company on 26 September 2018.

Block Admission Interim Review

The Company also makes the following notification pursuant to Schedule Six of the AIM Rules for Companies regarding its existing block admission arrangements:

 
 Name of the company:                                                                              Sound Energy plc 
 Name of scheme:                                                                                   1. Block admission to satisfy the issue of 
                                                                                                   Ordinary Shares from time to time pursuant 
                                                                                                   to the 
                                                                                                   exercise of warrants issued by the Company 
                                                                                                   in 2015 to subscribe for new Ordinary 
                                                                                                   Shares at 
                                                                                                   a price of 24.0p per new Ordinary Share 
                                                                                                   ("2015 Warrants"). 
                                                                                                   2. Block admission to satisfy the issue of 
                                                                                                   Ordinary Shares from time to time pursuant 
                                                                                                   to the 
                                                                                                   exercise of warrants issued by the Company 
                                                                                                   in 2016 to subscribe for new Ordinary 
                                                                                                   Shares at 
                                                                                                   a price of 30.0p per new Ordinary Share 
                                                                                                   ("2016 Warrants"). 
                                                                                                   3. Block admission to satisfy the issue of 
                                                                                                   Ordinary Shares from time to time pursuant 
                                                                                                   to the 
                                                                                                   exercise of share options issued by the 
                                                                                                   Company to certain of the Company's 
                                                                                                   employees to subscribe 
                                                                                                   for new Ordinary Shares ("Share Options"). 
                                                                                                  ------------------------------------------- 
 Period of return:                                             From:                               1 March 2018          To:   30 September 
                                                                                                                               2018 
                                                              ----------------------------------  --------------------  ----  --------------- 
 Number of unallotted securities not issued under the scheme(s) at the start of the period:          1:     19,382,809 
                                                                                                     2:      37,771,110 
                                                                                                     3.      4,629,999 
                                                                                                    Total    61,783,918 
                                                                                                  -------  ---------------------------------- 
 Plus: The amount by which the block scheme(s) has been increased since the date of the last 
  return (if any increase has been applied for):                                                     1:     0 
                                                                                                     2:      0 
                                                                                                     3:      0 
                                                                                                    Total    0 
                                                                                                  -------  ---------------------------------- 
 Less: Number of securities issued/allotted under scheme(s) during period:                           1:     1,470,387 
                                                                                                     2:      0 
                                                                                                     3:      2,450,000 
                                                                                                    Total    3,920,387 
                                                                                                  -------  ---------------------------------- 
 Equals: Balance under scheme(s) not yet issued/allotted at end of period:                           1:     17,912,422 
                                                                                                     2:      37,771,110 
                                                                                                     3:      2,179,999 
                                                                                                    Total    57,863,531 
                                                                                                  -------  ---------------------------------- 
 Number and class of securities originally admitted and the date of admission: 
                                                                                                     1:      28,025,915 Ordinary Shares - 21 
                                                                                                             August 2015 
                                                                                                             12,189,119 Ordinary Shares - 22 
                                                                                                             September 2016 
                                                                                                     2:      38,531,590 Ordinary shares - 22 
                                                                                                             December 2016 
 
                                                                                                     3:      25,000,000 Ordinary Shares - 22 
                                                                                                             September 2016 
                                                                                                    Total    30,642,337 Ordinary Shares - 22 
                                                                                                             December 2016 
 
                                                                                                             7,079,999 Ordinary Shares - 22 
                                                                                                             December 2016 
 
                                                                                                             141,468,960 Ordinary Shares 
                                                                                                  -------  ---------------------------------- 
 Name of contact:                                                                                  Amanda Bateman, AMBA Secretaries Limited, 
                                                                                                   Company Secretary 
                                                                                                  ------------------------------------------- 
 Telephone number of contact:                                                                      [phone] 
                                                                                                  ------------------------------------------- 
 
 

For further information please contact:

 
                Vigo Communications - PR Adviser                          Tel: [phone] 
                 Patrick d'Ancona 
                 Chris McMahon 
                 Kate Rogucheva 
 
                  Sound Energy 
                  James Parsons, Chief Executive Officer                    [e-mail] 
                  JJ Traynor, Chief Financial Officer                       [e-mail] 
                Smith & Williamson - Nominated Adviser                    Tel: [phone] 
                 Azhic Basirov 
                 David Jones 
                 Ben Jeynes 
                RBC - Joint Broker                                        Tel: [phone] 
                 Matthew Coakes 
                 Martin Copeland 
                Macquarie Capital (Europe) Limited -                      Tel: [phone] 
                 Joint Broker 
                 Alex Reynolds 
                 Nick Stamp 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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October 01, 2018 12:29 ET (16:29 GMT)