Petroleum Africa
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Thursday, June 25, 2015
Sound Oil has received valid acceptances and excess applications from Eligible Shareholders for a total of 15,599,752 Open Offer Shares, in connection with its Open Offer. Accordingly, a total of 15,599,752 new Ordinary Shares will be issue.
The company revealed that an application has been made to the LSE for the Open Offer Shares, which rank pari passu with its issued Ordinary Shares, to be admitted to trading on AIM. It is expected that admission will become effective and that dealings will commence on June 25. Following the issue of the Open Offer Shares, the company will have 482,806,817 Ordinary Shares in issue.
There are no shares held in treasury. The total number of voting rights in the company is therefore 482,806,817 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the company under the Disclosure Rules and the Transparency Rules.
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