Sound Energy PLC Director/PDMR Shareholding and Issue of Equity (4560R)
September 21 2017 - 6:48AM
UK Regulatory
TIDMSOU
RNS Number : 4560R
Sound Energy PLC
21 September 2017
21 September 2017
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 James Parsons, the Company's Chief
Executive Officer, has today exercised a total of 3,350,000 options
to subscribe for new ordinary shares in the Company at an exercise
price of 8 pence per share (the "Option Exercise").
Mr Parsons has also advised the Company that he has today sold
1,878,904 ordinary shares in the Company at an average price of 48
pence per ordinary share to cover 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 3,350,000 new ordinary shares in the capital of the
Company (the "New Ordinary Shares"). The New Ordinary Shares have
been admitted to trading on AIM as part of a block admission
announced on 22 December 2016. Following the issue of the New
Ordinary Shares, the Company will have 1,007,455,799 ordinary
shares in issue.
Following the Option Exercise, Mr Parsons is now beneficially
interested in a total of 3,192,283 ordinary shares in the Company,
representing 0.32% 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 4,250,000 new ordinary shares in the Company, subject to
vesting criteria being met.
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
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
instrument, type of each
instrument
---- -------------------------------- ----------------------------
Identification code GB00B90XFF12
---- -------------------------------- ----------------------------
b) Nature of the transaction Exercise of Options
---- -------------------------------- ----------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- ------------- -------------
GBP0.08 3,350,000
--------------------------------------------------- -------------
d) Aggregated information N/A (single transaction)
---- -------------------------------- ----------------------------
Aggregated volume
----------------------------------------------- ------------------
Price
----------------------------------------------- ------------------
e) Date of the transaction 21 September 2017
---- -------------------------------- ----------------------------
f) Place of the transaction Outside 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
instrument, type of each
instrument
---- -------------------------------- ----------------------------
Identification code GB00B90XFF12
---- -------------------------------- ----------------------------
b) Nature of the transaction Sale of ordinary shares
---- -------------------------------- ----------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- ------------- -------------
GBP0.48 1,878,904
--------------------------------------------------- -------------
d) Aggregated information N/A (single transaction)
---- -------------------------------- ----------------------------
Aggregated volume
----------------------------------------------- ------------------
Price
----------------------------------------------- ------------------
e) Date of the transaction 21 September 2017
---- -------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange
(XLON)
---- -------------------------------- ----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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