Sound Energy PLC Director/PDMR Shareholding and Issue of Equity (9988B)
September 26 2018 - 5:17AM
UK Regulatory
TIDMSOU
RNS Number : 9988B
Sound Energy PLC
26 September 2018
26 September 2018
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 pursuant to an equity equalisation trading
plan entered into and announced on 26 April 2018 (the "Trading
Plan"), James Parsons, the Company's Chief Executive Officer,
yesterday exercised a total of 1,250,000 options to subscribe for
new ordinary shares in the Company at an exercise price of 14.2p
pence per share (the "Option Exercise").
The Company has also been advised that Mr Parsons has sold
839,378 ordinary shares in the Company under the Trading Plan at a
price of 38.12p pence per ordinary share, covering 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 1,250,000 new ordinary shares in the capital of the
Company (the "New Ordinary Shares"). Application has been made to
the London Stock Exchange plc for the New Ordinary shares, which
will 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 2 October 2018 ("Admission"). On Admission, the
Company will have 1,052,913,182 ordinary shares in issue.
Following the Option Exercise, Mr Parsons is now beneficially
interested in a total of 2,602,905 ordinary shares in the Company,
representing 0.247% 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 3,000,000 new ordinary shares in the Company, subject to
vesting criteria being met.
For further information please contact:
Vigo Communications - PR Adviser Tel: +44 (0)20 7390 0230
Patrick d'Ancona
Chris McMahon
Kate Rogucheva
Sound Energy
JJ Traynor, Chief Financial Officer j.traynor@soundenergyplc.com
Smith & Williamson - Nominated Adviser Tel: +44 (0)20 7131 4000
Azhic Basirov
David Jones
Ben Jeynes
RBC Capital Markets - Broker Tel: +44 (0)20 7653 4000
Matthew Coakes
Martin Copeland
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 each
instrument, type of instrument
---------------------------------------- -----------------------------------
Identification code GB00B90XFF12
---------------------------------------- -----------------------------------
b) Nature of the transaction Exercise of Options under share
trading plan
---------------------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- ----------------- ----------------
GBP0.142 1,250,000
--------------------------------------------------------------- ----------------
d) Aggregated information N/A (single transaction)
---------------------------------------- -----------------------------------
Aggregated volume
----------------------------------------------------------- ---------------------
Price
----------------------------------------------------------- ---------------------
e) Date of the transaction 25 September 2018
---------------------------------------- -----------------------------------
f) Place of the transaction Outside of 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 each
instrument, type of instrument
---------------------------------------- ----------------------------------
Identification code GB00B90XFF12
---------------------------------------- ----------------------------------
b) Nature of the transaction Sale of ordinary shares under
share trading plan
---------------------------------------- ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- ------------------ --------------
GBP0.3812 839,378
---------------------------------------------------------------- --------------
d) Aggregated information N/A (single transaction)
---------------------------------------- ----------------------------------
Aggregated volume
------------------------------------------------------------ -------------------
Price
------------------------------------------------------------ -------------------
e) Date of the transaction 25 September 2018
---------------------------------------- ----------------------------------
f) Place of the transaction AIMX
---------------------------------------- ----------------------------------
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 rns@lseg.com or visit www.rns.com.
END
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