Sound Energy PLC Extensions Attijariwafa Term sheet ONEE Agreement (1752R)
25 Outubro 2023 - 3:00AM
UK Regulatory
TIDMSOU
RNS Number : 1752R
Sound Energy PLC
25 October 2023
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
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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 28(th) 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 Tel: 44 (0)20 129 1474
Tim Thompson
Mark Edwards sound@flagstaffcomms.com
Alison Allfrey
Sound Energy chairman@soundenergyplc.com
Graham Lyon, Executive Chairman
Cavendish Securities - Nominated Adviser Tel: 44 (0)20 7397 8900
Ben Jeynes
Peter Lynch
SP Angel Corporate Finance LLP - Broker Tel: 44 (0)7789 865 095
Richard Hail
Gneiss Energy Limited - Financial Tel: 44 (0)20 3983 9263
Adviser
Jon Fitzpatrick
Paul Weidman
Doug Rycroft
END
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