Sound Energy PLC Posting of Circular and Notice of General Meeting (4316X)
February 21 2017 - 4:25AM
UK Regulatory
TIDMSOU
RNS Number : 4316X
Sound Energy PLC
21 February 2017
21 February 2017
Sound Energy plc
("Sound Energy", the "Company" and together with its
subsidiaries the "Group")
Posting of Circular and Notice of General Meeting
Sound Energy, the African and European focused upstream gas
company, announces that a circular (the "Circular") containing a
notice convening a general meeting of the Company will shortly be
posted to shareholders.
As described in the Company's announcement of the terms of the
Acquisition on 20 February 2017, the purpose of the General Meeting
is to seek shareholder approval to provide the Directors with
authority to allot the Consideration Shares in connection with the
Acquisition.
The General Meeting is to be held at Glaziers Hall, 9 Montague
Close, London Bridge, London SE1 9DD at 11:00 a.m. on 15 March
2017.
The Circular provides more information on the Resolution to be
put to the General Meeting and will shortly be available on the
Company's website at www.soundenergyplc.com. Unless otherwise
defined in this announcement, all defined terms used in this
announcement shall have the meaning ascribed to them in the
Circular.
The Directors consider that the Acquisition and the issue of the
Consideration Shares are in the best interests of Shareholders as a
whole and unanimously recommend that Shareholders vote in favour of
the Resolution, as the Directors intend to do in respect of their
own beneficial holdings of Ordinary Shares, representing
approximately 0.28 per cent. of the Company's Existing Ordinary
Shares. Marco Fumagalli is Managing Partner and 25 per cent.
shareholder of Continental Investment Partners SA. Continental also
intends to vote in favour of the Resolution in respect of the
voting rights over Ordinary Shares which Continental is entitled to
exercise (representing approximately 9.91 per cent. of the Existing
Ordinary Shares).
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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