Sound Energy Plc - Consent Solicitation - Results

Sound Energy Plc - Successful Completion of Bond Restructuring - XS1434582885

04 DECEMBER 2023

Full announcement including disclaimers and offer restrictions available via Source: Sound Energy Plc 

Sound Energy, the AIM-listed transition energy company, is pleased to announce that at the meeting of the holders (the "Noteholders") of the Company's Luxembourg listed EUR 28.8m 5.0% senior secured notes (the "Notes") held earlier today to consider the proposal for the restructuring of the Notes (the "Proposal"), the Proposal was duly approved by Noteholders by the requisite majority.

At the Noteholder meeting, quorum was reached with voting instructions representing EUR 15.7M of the Notes lodged by Noteholders, with 96.18% of votes cast in favour of the Proposal.

As a result of the Noteholders' approval of the Proposal, the prior obligation for the Company to commence amortisation of the Notes at a rate of 5.0% of the EUR 25.3M Notes principal outstanding every six months from 21 December 2023 until maturity in December 2027 has now been removed."

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Sound Energy Plc Consent Solicitation - Adjournment of Noteholder Meeting - XS1434582885

20 NOVEMBER 2023

Full announcement including disclaimers and offer restrictions available via Source: Sound Energy Plc 

"Adjournment of Noteholder Meeting

Sound Energy, the AIM-listed transition energy company, announces that, further to the Company's announcement of 3 November 2023 in respect of the Company's proposal set out in its Consent Solicitation Memorandum (the "Proposal") for the restructuring of the Company's Luxembourg listed EUR 28.8m 5.0% senior secured notes (the "Notes"), the meeting of the holders of the Notes (the Noteholders") convened to be held earlier today to consider the Proposal (the "Noteholder Meeting") was adjourned due to lack of the necessary quorum.

An adjourned Noteholder meeting, to consider the Proposal in unamended form, will now be held at 10:00 a.m. on 4 December 2023 (the "Adjourned Noteholder Meeting").

The Adjourned Noteholder Meeting will require a quorum of 25 per cent. of the aggregate principal amount of the outstanding Notes, being considerably lower than the 75 per cent. of the aggregate principal amount of the outstanding Notes that had been required for the Noteholder Meeting.

Notice of the Adjourned Noteholders Meeting will shortly be sent to Noteholders and will be available on the Company's website at www.soundenergyplc.com thereafter."

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Sound Energy Plc announces Consent Solicitation - XS1434582885

03 NOVEMBER 2023

Full announcement including disclaimers and offer restrictions available via Source: Sound Energy Plc

"Invitation by

Sound Energy plc

(incorporated under the laws of England and Wales)

(the "Issuer")

to eligible holders of its outstanding

EUR 28,800,000 5.0 per cent. Senior Secured Notes due 2027 (XS1434582885) (the "Notes")

to consider and, if thought fit, approve the Proposal (as defined herein), being the proposed deletion of Condition 5.5 (Amortisation payments) in its entirety and consequential amendments to Condition 5.1 (Interest Rate and Interest Payment Dates), by way of extraordinary resolution of the holders of the Notes (the "Extraordinary Resolution"), all as further described in this Consent Solicitation Memorandum (such invitation in respect of the Notes, the "Consent Solicitation").

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"Rationale for Consent Solicitation

The purpose of the Consent Solicitation is to invite eligible Noteholders to consider and, if thought fit, approve the proposed deletion of Condition 5.5 (Amortisation payments) in its entirety and consequential amendments to Condition 5.1 (Interest Rate and Interest Payment Dates), and more specifically, to provide that the Noteholders direct the Trustee to enter into the Supplemental Trust Deed in order to effect the proposed deletion of Condition 5.5 (Amortisation payments) in its entirety and consequential amendments to Condition 5.1 (Interest Rate and Interest Payment Dates) (the "Proposal"). If this Proposal is approved by the Noteholders, the deletion of Condition 5.5 (Amortisation payments) in its entirety and consequential amendments to Condition 5.1 (Interest Rate and Interest Payment Dates) will be effected on the Implementation Date, being the date on which the Issuer will enter into the Supplemental Trust Deed."

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