logo-loader
viewSound Energy PLC

Board Change

/**/ ol{margin-bottom:0cm;}ul{margin-bottom:0cm;}link{ color: blue }visited{ color: #954F72 } .ay{size:595.0pt 842.0pt;margin:72.0pt 72.0pt 72.0pt 72.0pt;}div.ay{}p.bw{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify}span.bu{font-size:11.0pt; font-family:"Arial","sans-serif";color:#131515}p.bx{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold; text-align: center}span.bs{font-size:11.0pt;font-family:"Arial","sans-serif";color:#131515}p.by{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align: center}span.bp{font-family:"Calibri","sans-serif"; color:#131515}p.bz{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold}span.bo{font-size:11.0pt;font-family:"Arial","sans-serif"; color:#131515} table.ca{width:453.75pt;margin-left:-5.4pt;border-collapse:collapse}td.bk{width:246.45pt;padding:0cm 5.4pt 0cm 5.4pt}p.cb{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold; text-align: justify}span.bm{font-size:11.0pt; font-family:"Arial","sans-serif"}td.bh{width:160.2pt;padding:0cm 5.4pt 0cm 5.4pt}p.cc{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align: right}span.bj{font-size:11.0pt;font-family:"Arial","sans-serif"}p.a,li.a,div.a{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";}span.bg{font-family:"Calibri","sans-serif"}span.bf{font-size:11.0pt; font-family:"Arial","sans-serif";color:#F2933D} span.bd{font-family:"-webkit-standard","serif"; color:black}span.bc{font-size:11.0pt; font-family:"Arial","sans-serif";color:black}span.bb{color:#131515}span.ba{font-size:11.0pt; font-family:"Calibri","sans-serif";color:black}span.az{font-family:"Arial","sans-serif";color:#131515} /**/
RNS Number : 5674S
Sound Energy PLC
07 November 2019
 

7 November 2019

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Board Change

 

 

Sound Energy, the Moroccan focused upstream gas company, provides an update on Board changes following the announcement made by the Company on 6 November 2019 in relation to a potential partial divestment of its Eastern Morocco Portfolio.

 

As the Company has entered  the final phase of the marketing process for its Eastern Morocco Portfolio and following the award of exclusivity agreement  announced on 6 November 2019, the Company is planning to make various changes to its Board in order to ensure it has the appropriate management and cost structure in place for the next phase of Company's development.   The Company expects, as part of the potential transaction which is under negotiation, to hand over operatorship of its Eastern Morocco Portfolio to a third party and to become a carried, non-operating company. 

 

The Company, therefore, announces that JJ Traynor, the Company's CFO, will on 6 February 2020 step down from the Board and leave the Company.  His duties will be divided among the Company's other staff. 

 

 

For further information please contact:

 

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon 

 

Tel: 44 (0)20 7390 0230

Sound Energy

James Parsons, Chief Executive Officer 

 

[email protected]

 

 

 

Cenkos Securities - Nominated Adviser

Azhic Basirov

Ben Jeynes 

 

Tel: 44 (0)20 7397 8900

RBC - Joint Broker

Matthew Coakes

Martin Copeland

 

Tel: 44 (0)20 7653 4000

Macquarie Capital (Europe) Limited - Joint Broker

Alex Reynolds

Nick Stamp

Tel: 44 (0)20  3031 2000



 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
BOAUGGRPGUPBPWQ

Quick facts: Sound Energy PLC

Price: 2.8525

Market: AIM
Market Cap: £30.8 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: Sound Energy agrees deal to sell stake in East Morocco

Headlines from the Proactive UK newsroom. Sound Energy (LON:SOU) has signed a preliminary agreement to sell just over half its stake in its Tendrara licences in East Morocco for US$113mln. The consideration is US$54mln cash and the rest is a carry for future capital...

on 6/11/19