Sound Oil PLC Result of Open Offer (0183R)
June 24 2015 - 1:00AM
UK Regulatory
TIDMSOU
RNS Number : 0183R
Sound Oil PLC
24 June 2015
24 June 2015
Sound Oil plc
("Sound Oil" or the "Company")
Result of Open Offer
Sound Oil, the Mediterranean focused upstream gas company,
announces the result of the Open Offer first announced by the
Company on 18 May 2015.
The Company is pleased to announce that it has received valid
acceptances and excess applications from Eligible Shareholders for
a total of 15,599,752 Open Offer Shares. Accordingly, a total of
15,599,752 new Ordinary Shares will be issued in connection with
the Open Offer.
Application has been made to the London Stock Exchange for the
Open Offer Shares, which rank pari passu with the Company's issued
Ordinary Shares, to be admitted to trading on AIM. It is expected
that Admission will become effective and that dealings will
commence at 8.00 a.m. on 25 June 2015. Following the issue of the
Open Offer Shares, the Company will have 482,806,817 Ordinary
Shares in issue.
There are no shares held in treasury. The total number of voting
rights in the Company is therefore 482,806,817 and this figure 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
Disclosure Rules and the Transparency Rules.
All capitalised terms in this announcement are as defined in the
circular of the Company dated 21 May 2015.
For further information please contact:
Vigo Communications - PR Adviser Tel: +44 (0)20 7016 9573
Patrick d'Ancona
Chris McMahon
Alexandra Roper
Sound Oil j.parsons@soundoil.co.uk
James Parsons, Chief Executive Officer
Smith & Williamson - Nominated Adviser Tel: +44 (0)20 7131 4000
Azhic Basirov
David Jones
Ben Jeynes
Peel Hunt - Broker Tel: +44 (0)20 7418 8900
Richard Crichton
Charles Batten
This information is provided by RNS
The company news service from the London Stock Exchange
END
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