Conversion of CLN Interest, Issue of Shares & TVR
8.3 million new shares issued at 6.85p following conversion of convertible loan note interest.
- New shares issued 8,310,198
- Conversion price 6.85 pence per share
- Accrued interest converted £568,750
- Issued share capital post-admission 216,154,466 ordinary shares
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Sound Energy PLC (AIM: SOU), the AIM quoted transition energy company, announces that it has received notice to issue 8,310,198 new Ordinary shares of 0.1 pence each (the "Shares") at a conversion price of 6.85 pence per share ("Conversion Price") in respect of accrued interest totalling £568,750 from the £2.5 million convertible loan notes issued in June 2023 (the "Conversion Notice"). The Conversion Price being calculated as the arithmetic average of the VWAP for any five of the fifteen consecutive trading days preceding the date of the Conversion Notice, as selected by the holder.
An application has been made for the Shares to be admitted to trading on AIM ("Admission"). The Shares will rank pari passu with the existing ordinary shares in issue and it is expected that Admission will occur on or around 8.00 a.m. on 6 March 2026.
Following Admission of the Shares, the Company's issued share capital will comprise 216,154,466 Ordinary Shares of 0.1 pence each with voting rights in the Company and 2,180,000 Sanctioned Holding Shares of 1.0 pence each totalling 218,334,466 Ordinary Shares. The figure of 218,334,466 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in the interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Sound Energy plc c/o Flagstaff Communications Majid Shafiq CEO
| Flagstaff Strategic and Investor Communications Tim Thompson, Mark Edwards, Alison Allfrey | sound@flagstaffcomms.com +44 (0)207 129 1474 |
| Zeus - Nominated Adviser and Broker James Joyce, Darshan Patel, Liv Highton (Investment Banking) Simon Johnson (Corporate Broking) | +44 (0)20 3829 5000 |
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