Director purchase of CLNs
CEO acquires £400,000 convertible loan notes from Alumni Capital Limited.
- CLN face value £400,000
- Purchase price £432,000
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Sunda Energy Plc (AIM: SNDA), the AIM-quoted oil & gas company focused on oil and gas assets in the Asia-Pacific region, is pleased to report that its board of directors (the "Board") has been informed by Dr Andy Butler, CEO of Sunda, that he has agreed to acquire from Alumni Capital Limited ("Alumni") the outstanding balance of unsecured convertible loan notes (the "CLNs"), which have a face value of £400,000. The CLNs were issued as part of the financing arrangements in relation to the conditional acquisition of Matahio Energy NZ Limited, as announced by the Company on 8 April 2026 (the "Transaction"). The Transaction remains conditional, inter alia, on New Zealand government approval for the change of control and the Company is working towards completion of the Transaction in September 2026.
The terms of the CLNs, as detailed in the announcement of 8 April 2026, will remain unchanged following completion of the transfer of these CLNs from Alumni to Dr Andy Butler. Dr Butler has indicated to the Board that he does not currently intend to convert the acquired CLNs.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Dr Andrew Butler |
| 2. | Reason for the Notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification/Amendment | Initial Notification |
| a) | Name | Sunda Energy Plc |
| b) | LEI | 213800MBSOS9UZ5SW712 |
| a) | Description of the Financial instrument, type of instrument | Loan notes convertible into ordinary Shares of 0.1 pence each |
| Identification code | ISIN: GB00BSHSGY88 | |
| b) | Nature of the transaction | Purchase of Convertible Loan Notes |
| c) | Price(s) and volume(s) | Price: £432,000 Volume (principal value of CLNs): £400,000 of Convertible Loan Notes |
| d) | Aggregated information: - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 28 July 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.