⌘K
t
Sound Energy plc, acting as an offeror, filed a Public Opening Position Disclosure (Form 8 (OPD)) on 27 January 2022, reporting positions held as of 26 January 2022 concerning its Ordinary Shares of 1p each. As of that date, Sound Energy plc held no interests or short positions in its own relevant securities. However, directors acting in concert held a total of 6,937,310 Ordinary Shares (0.42%) and director Mohammed Seghiri held 322,092 vested Restricted Stock Units that have not yet been issued.
| Date | 27 Jan 2022 |
| Time | 17:33:22 |
| Category | Holding(s) in company |
| ID | 9057Z |
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
|
(a) Full name of discloser: |
Sound Energy plc |
|
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. |
N/A |
|
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
Sound Energy plc |
|
(d) Is the discloser the offeror or the offeree? |
OFFEROR |
|
(e) Date position held: The latest practicable date prior to the disclosure |
26 January 2022 |
|
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" |
NO
|
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates
|
Class of relevant security:
|
Ordinary Shares of 1p each |
|||
|
|
Interests |
Short positions |
||
|
Number |
% |
Number |
% |
|
|
(1) Relevant securities owned and/or controlled: |
Nil |
0.00 |
Nil |
0.00 |
|
(2) Cash-settled derivatives:
|
Nil |
0.00 |
Nil |
0.00 |
|
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
Nil |
0.00 |
Nil |
0.00 |
|
TOTAL: |
Nil |
0.00 |
Nil |
0.00 |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
|
Class of relevant security in relation to which subscription right exists: |
N/A |
|
Details, including nature of the rights concerned and relevant percentages: |
N/A |
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
|
Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure: |
||||||||||||||||||||||||||||||
|
(A) Interests held by directors of Sound Energy plc:
(B) Interests held as options by directors of Sound Energy plc under its share plans:
*To date Sound Energy plc (the disclosing company) has not been in an open period to enable the shares in respect of the vested RSU's held by Mohammed Seghiri to be issued.
Vesting three years from the date of grant the RSUs, once vested, will be satisfied by issuing ordinary shares in Sound Energy plc (the disclosing company). One share issued for each RSU held. The shares are issued upon vesting once Sound Energy plc (the disclosing company) is in an open period and therefore able to issue shares.
|
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
|
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
|
None.
|
(b) Agreements, arrangements or understandings relating to options or derivatives
|
Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
|
None.
|
(c) Attachments
Are any Supplemental Forms attached?
|
Supplemental Form 8 (Open Positions) |
NO |
|
Supplemental Form 8 (SBL) |
NO |
Date of disclosure: |
27 January 2022 |
Contact name: |
Graham Lyon |
Telephone number: |
0203 795 3200 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.