REG - Sound Energy PLC - Conversion of CLN Interest, Issue of Shares & TVR

Sound EnergyAnnouncement

03/03/2026 07:00

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RNS Number : 0223V  Sound Energy PLC  03 March 2026

3 March 2026

Sound Energy PLC

("Sound Energy", the "Company" and together with its subsidiary undertakings
the "Group")

Conversion of Convertible Loan Note Interest, Issue of New Shares and Total
Voting Rights

Sound Energy PLC (AIM: SOU), the AIM quoted transition energy company,
announces that it has received notice to issue 8,310,198 new Ordinary shares
of 0.1 pence each (the "Shares") at a conversion price of 6.85 pence per share
("Conversion Price") in respect of accrued interest totalling £568,750 from
the £2.5 million convertible loan notes issued in June 2023 (the "Conversion
Notice"). The Conversion Price being calculated as the arithmetic average of
the VWAP for any five of the fifteen consecutive trading days preceding the
date of the Conversion Notice, as selected by the holder.

An application has been made for the Shares to be admitted to trading on AIM
("Admission"). The Shares will rank pari passu with the existing ordinary
shares in issue and it is expected that Admission will occur on or around 8.00
a.m. on 6 March 2026.

Following Admission of the Shares, the Company's issued share capital will
comprise 216,154,466 Ordinary Shares of 0.1 pence each with voting rights in
the Company and 2,180,000 Sanctioned Holding Shares of 1.0 pence each
totalling 218,334,466 Ordinary Shares. The figure of 218,334,466 may be used
by shareholders in the Company as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change in the interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.

For further information please visit www.soundenergyplc.com
(https://www.soundenergyplc.com/) , follow on X @soundenergyplc
(https://x.com/soundenergyplc?lang=en)  and LinkedIn or contact:

 Sound Energy plc c/o Flagstaff Communications

 Majid Shafiq CEO
 Flagstaff Strategic and Investor Communications                sound@flagstaffcomms.com

 Tim Thompson, Mark Edwards, Alison Allfrey                     +44 (0)207 129 1474
 Zeus - Nominated Adviser and Broker                            +44 (0)20 3829 5000

 James Joyce, Darshan Patel, Liv Highton (Investment Banking)

 Simon Johnson (Corporate Broking)

About Sound Energy PLC:

Sound Energy is a transition energy investment opportunity, listed on the UK
AIM market of the London Stock Exchange, with operations in Morocco centred
around onshore exploration, development and production of gas and advancing
renewable power generation initiatives. Gas is the focal transition fuel and
critical to the country's energy policy to move to sustainable, local
renewable energy, away from imported coal and hydrocarbon fuels. The company
has a 25-year development concession with a micro- LNG development underway at
Tendrara, the first major onshore gas resource in Morocco, and a larger Phase
2 piped gas project awaiting FID. Small scale LNG will supply the industrial
market, whilst the piped gas development is for the power sector. Exploration
wells are funded to support infrastructure led exploration potential. Together
these give the company significant opportunities for scalable growth on its
28,000 square km of onshore permits. Sound Energy is therefore playing a
pivotal role in responding to rising energy demand in Morocco and facilitating
the energy transition. This is further enhanced by Sound's recent early-stage
diversification into opportunities in renewable power generation and hydrogen
exploration in Morocco. Sound has strong stakeholder engagement and
partnerships with leading Moroccan companies, thereby leveraging in-country
expertise in renewable energy projects and its gas developments. Financially,
the company is focused on revenue targets from Phase 1 LNG production,
judicious investment for the Phase 2 piped gas development and prudent cost
management and balance sheet deleveraging to fund asset development
opportunities.

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