Large UK financial institution buys into Sound Energy
A large UK financial institution has acquired options which once exercised will give the investor a 80p per share entry.
Company
LON:SOU
Sound Energy PLC is a transition energy focused business. The company's Micro LNG project aims to bring much-needed gas supply to Morocco, reducing the reliance on imported LPG, and playing an important role in the transition to lower carbon energy sources. Gas is also planned to be sold to local power stations via pipeline links, and surplus gas may be sold into the Greater Middle East, displacing the reliance on coal.
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A large UK financial institution has acquired options which once exercised will give the investor a 80p per share entry.
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A share sale agreed in March has been renegotiated to give the Sound coffers a decent boost.
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