REG - Sound Energy PLC - Result of GM

Sound EnergyAnnouncement

26/02/2026 12:15

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RNS Number : 5703U  Sound Energy PLC  26 February 2026

26 February 2026

 

Sound Energy PLC

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

 

Result of General Meeting

 

Sound Energy PLC (AIM: SOU), the AIM quoted transition energy company, is
pleased to announce that at the General Meeting ("GM") of shareholders held
earlier today, all the resolutions proposed in the Notice of Meeting were duly
passed.

 

The voting in respect of each resolution was as follows:

 Resolutions  For          %      Against     %      Withheld
 1            528,898,345  86.00  86,114,639  14.00  263,412
 2            528,389,538  85.96  86,322,969  14.04  563,889
 3*           528,159,699  85.95  86,342,808  14.05  773,889

*Special resolution

A "Vote withheld" is not a vote in law and is not counted in the calculation
of the percentage of shares voted "For" or "Against" any resolution.

 

The Company notes that 2,180,000 ordinary shares in the Company (prior to the
Share Capital Reorganisation announced on 10 February 2026) (the "Sanctioned
Shares") are held by a shareholder who is currently subject to applicable
sanctions (the "Sanctioned Shareholder"). While the Sanctioned Shareholder
remains subject to such sanctions, the Board has taken the view that the
Company should not recognise the exercise of voting rights attaching to the
Sanctioned Shares. Accordingly, the Company has not recognised, and would not
take into account, any votes purportedly cast in respect of the Sanctioned
Shares in relation to the resolutions put to the GM or any shareholder votes
to be held at General Meetings or Annual General Meetings in the future.

 

If, in due course, the Sanctioned Shareholder ceases to be subject to
applicable sanctions (or the relevant restrictions otherwise no longer apply)
, the Board currently intends to propose an appropriate resolution at the
Company's next Annual General Meeting (or, if the Board considers it necessary
or appropriate, at a general meeting) to seek shareholder approval to
implement the Share Capital Reorganisation in relation to the Sanctioned
Shares as the Sanctioned Shares were excluded from the Share Capital
Reorganisation. Any such proposal would be announced separately in due course.

 

 

 

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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