CatalystWireBeta

Adjournment of Noteholder Meeting

In brief · summary, not quotable

No summary for this filing – the full text is below.

Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your SOU notes

Sound Energy, the AIM-listed transition energy company, announces that, further to the Company's announcement of 3 November 2023 in respect of the Company's proposal set out in its Consent Solicitation Memorandum (the "Proposal") for the restructuring of the Company's Luxembourg listed EUR 28.8m 5.0% senior secured notes (the "Notes"), the meeting of the holders of the Notes (the Noteholders") convened to be held earlier today to consider the Proposal (the "Noteholder Meeting") was adjourned due to lack of the necessary quorum.

An adjourned Noteholder meeting, to consider the Proposal in unamended form, will now be held at 10:00 a.m. on 4 December 2023 (the "Adjourned Noteholder Meeting").

The Adjourned Noteholder Meeting will require a quorum of 25 per cent. of the aggregate principal amount of the outstanding Notes, being considerably lower than the 75 per cent. of the aggregate principal amount of the outstanding Notes that had been required for the Noteholder Meeting.

Notice of the Adjourned Noteholders Meeting will shortly be sent to Noteholders and will be available on the Company's website at www.soundenergyplc.com thereafter.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

Share this quote

Quote card
Post on X WhatsApp Download image

The link opens this announcement with the quote highlighted. Quotes are checked against the original text.

Add a note