Block Admission

RNS Number : 2719W
Sound Oil PLC
17 August 2015
 

17 August 2015

 

Sound Oil plc

("Sound Oil" or the "Company")

 

Block Admission

 

Sound Oil, the Mediterranean focused upstream oil and gas company, announces that applications have been made for the block admissions of up to a total of 100,737,454 ordinary shares of 1p each in the Company (the "New Ordinary Shares") to trading on AIM (the "Block Admissions"). The New Ordinary Shares are expected to be issued from time to time pursuant to the exercise of warrants to subscribe for new ordinary shares of 1p each in the Company ("Ordinary Shares").

 

The New Ordinary Shares are expected to be admitted to trading on AIM on 21 August 2014 and will, when issued, rank pari passu with the Company's existing Ordinary Shares.

 

The Block Admissions have been made in respect of the issue of Ordinary Shares pursuant to the exercise of (i) warrants issued by the Company in 2014 to subscribe for new Ordinary Shares at a price of 10.4p per new Ordinary Share (the "2014 Warrants"); and (ii) warrants issued by the Company in 2015 to subscribe for new Ordinary Shares at a price of 24.0p per new Ordinary Share (the "2015 Warrants"), in the below amounts:

 

2014 Warrants

72,711,539

2015 Warrants

28,025,915

Total

100,737,454

 

Following admission, the Company will continue to have 503,687,271 ordinary shares of 1p each in issue with no shares are held in treasury. This is the total number of voting rights in Sound Oil and may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Rules and Transparency Rules.

 

 

For further information please contact:

 

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

Alexandra Roper

 

Tel: +44 (0)20 7016 9573

Sound Oil

James Parsons, Chief Executive Officer

 

j.parsons@soundoil.co.uk

 

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes

 

Tel: +44 (0)20 7131 4000

Peel Hunt - Broker

Richard Crichton

Charles Batten

 

Tel: +44 (0)20 7418 8900

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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