The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation ("MAR") (EU) No. 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
25 October 2023
Sound Energy plc
("Sound Energy" or the "Company")
Extensions to Attijariwafa Term sheet and ONEE Gas Sales Agreement
Sound Energy (AIM: SOU), the transition energy company, confirms the extension of both the ONEE (Office National de l'Electricité et de l'Eau Potable) Gas Sales Agreement ("GSA") and the Attijariwafa bank funding offer until 31st December 2023.
Further to announcement of 28th June regarding the conditioned financing offer by Attijariwafa bank, the Company confirms that it is in discussions with ONEE under the auspices of the Ministry of Energy to conclude the amendments to the GSA to the lender's satisfaction, in order to complete the necessary conditions precedent to the Conditional Offer.
Commenting, Graham Lyon (Executive Chairman) said:
"Various elements within the GSA are being amended to meet the debt funders criteria and to meet international standards. As such, Sound Energy, ONHYM, ONEE and Attijariwafa bank are engaged under the auspices of the Ministry of Energy to conclude a revised GSA by year end."
For further information:
| Flagstaff Strategic and Investor Communications Tim Thompson Mark Edwards Alison Allfrey
| Tel: 44 (0)20 129 1474
sound@flagstaffcomms.com |
|
Sound Energy Graham Lyon, Executive Chairman
|
|
|
Cavendish Securities - Nominated Adviser Ben Jeynes Peter Lynch
|
Tel: 44 (0)20 7397 8900 |
|
SP Angel Corporate Finance LLP - Broker |
Tel: 44 (0)7789 865 095 |
| Richard Hail
| |
|
Gneiss Energy Limited - Financial Adviser Jon Fitzpatrick Paul Weidman Doug Rycroft
|
Tel: 44 (0)20 3983 9263 |
END
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