Sound Energy (GB:SOU) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Sound Energy has announced the issuance of 50 million new Ordinary Shares at a conversion price of 1 pence each, as part of a Convertible Loan Note agreement previously disclosed on 13 June 2023. This action reduces the accrued interest on the Convertible Loan Notes and is expected to lead to an increased total share capital for the company. The new shares are anticipated to be tradeable on the AIM market following their admission scheduled for around 5 July 2024.
For further insights into GB:SOU stock, check out TipRanks’ Stock Analysis page.
