Result of GM

Sound Energy PLC

26 February 2026

 

26 February 2026

Sound Energy PLC

("Sound Energy", the "Company" and together with its subsidiary undertakings the "Group")

Result of General Meeting

Sound Energy PLC (AIM: SOU), the AIM quoted transition energy company, is pleased to announce that at the General Meeting ("GM") of shareholders held earlier today, all the resolutions proposed in the Notice of Meeting were duly passed.

The voting in respect of each resolution was as follows:

Resolutions	For	%	Against	%	Withheld
1	528,898,345	86.00	86,114,639	14.00	263,412
2	528,389,538	85.96	86,322,969	14.04	563,889
3*	528,159,699	85.95	86,342,808	14.05	773,889

*Special resolution

A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.

The Company notes that 2,180,000 ordinary shares in the Company (prior to the Share Capital Reorganisation announced on 10 February 2026) (the "Sanctioned Shares") are held by a shareholder who is currently subject to applicable sanctions (the "Sanctioned Shareholder"). While the Sanctioned Shareholder remains subject to such sanctions, the Board has taken the view that the Company should not recognise the exercise of voting rights attaching to the Sanctioned Shares. Accordingly, the Company has not recognised, and would not take into account, any votes purportedly cast in respect of the Sanctioned Shares in relation to the resolutions put to the GM or any shareholder votes to be held at General Meetings or Annual General Meetings in the future.

If, in due course, the Sanctioned Shareholder ceases to be subject to applicable sanctions (or the relevant restrictions otherwise no longer apply) , the Board currently intends to propose an appropriate resolution at the Company's next Annual General Meeting (or, if the Board considers it necessary or appropriate, at a general meeting) to seek shareholder approval to implement the Share Capital Reorganisation in relation to the Sanctioned Shares as the Sanctioned Shares were excluded from the Share Capital Reorganisation. Any such proposal would be announced separately in due course.

For further information please visit www.soundenergyplc.com, follow on X @soundenergyplc and LinkedIn or contact:

Sound Energy plc c/o Flagstaff Communications Majid Shafiq CEO
Flagstaff Strategic and Investor Communications Tim Thompson, Mark Edwards, Alison Allfrey	[e-mail] [phone]
Zeus - Nominated Adviser and Broker James Joyce, Darshan Patel, Liv Highton (Investment Banking) Simon Johnson (Corporate Broking)	[phone]

About Sound Energy PLC:

Sound Energy is a transition energy investment opportunity, listed on the UK AIM market of the London Stock Exchange, with operations in Morocco centred around onshore exploration, development and production of gas and advancing renewable power generation initiatives. Gas is the focal transition fuel and critical to the country's energy policy to move to sustainable, local renewable energy, away from imported coal and hydrocarbon fuels. The company has a 25-year development concession with a micro- LNG development underway at Tendrara, the first major onshore gas resource in Morocco, and a larger Phase 2 piped gas project awaiting FID. Small scale LNG will supply the industrial market, whilst the piped gas development is for the power sector. Exploration wells are funded to support infrastructure led exploration potential. Together these give the company significant opportunities for scalable growth on its 28,000 square km of onshore permits. Sound Energy is therefore playing a pivotal role in responding to rising energy demand in Morocco and facilitating the energy transition. This is further enhanced by Sound's recent early-stage diversification into opportunities in renewable power generation and hydrogen exploration in Morocco. Sound has strong stakeholder engagement and partnerships with leading Moroccan companies, thereby leveraging in-country expertise in renewable energy projects and its gas developments. Financially, the company is focused on revenue targets from Phase 1 LNG production, judicious investment for the Phase 2 piped gas development and prudent cost management and balance sheet deleveraging to fund asset development opportunities.

 

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