25 June 2015
Sound Oil plc
("Sound Oil" or the "Company")
Shareholdings of Directors
Sound Oil, the Mediterranean focused upstream gas company, is pleased to update investors on directors' percentage interests in the Company's Ordinary Shares following the completion of the Open Offer, which are as follows:
Name | Number of Ordinary Shares | | % of issued ordinary share capital, as enlarged by the First Tranche Placing Shares and the Open Offer Shares |
Simon Davies | 10,000,000 | | 2.07% |
James Parsons | 1,044,603 | | 0.22% |
Luca Madeddu | 961,947 | | 0.20% |
Marco Fumagalli | 73,111,907 | * | 15.14% |
Andrew Hockey | 76,470 | | 0.02% |
Gerry Orbell | 1,198,353 | ** | 0.25% |
*including 73,111,907 Ordinary Shares held directly and indirectly by Continental Investment Partners S.A. ("Continental") and its affiliates. Marco Fumagalli is Managing Partner of, and a 25% shareholder in, Continental.
**Gerry Orbell is interested in a total of 1,198,353 Ordinary Shares - and not 1,304,466 Ordinary Shares, as previously stated (including in the Company's circular dated 21 May 2015 in relation to the Open Offer). Gerry Orbell's interests include 801,687 Ordinary Shares held in the name of Sogdian Limited.
All capitalised terms in this announcement are as defined in the circular of the Company dated 21 May 2015.
For further information please contact:
Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon Alexandra Roper | Tel: +44 (0)20 7016 9573 |
Sound Oil James Parsons, Chief Executive Officer | [email protected] |
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes | Tel: +44 (0)20 7131 4000 |
Peel Hunt - Broker Richard Crichton Charles Batten | Tel: +44 (0)20 7418 8900 |
