| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Sound Energy plc > News item |
Sound Energy adjourns meeting for 5% bonds due 2021 to Jan. 4
By Susanna Moon
Chicago, Dec. 12 – Sound Energy plc said it adjourned the meeting Tuesday for holders of its €28.8 million principal amount of 5% notes due 2021 after failing to meet a quorum.
The meeting was adjourned to 5 a.m. ET on Jan. 4, according to a company announcement.
As announced Nov. 28, Sound is asking for amendments and waivers to 5% notes issued to Greenberry plc and other investors in a private placement.
The issuer is soliciting consents for the release of a first-ranking security interest over the entire share capital of Sound Energy Holdings Italy Ltd. and its replacement with a first-ranking security interest over the entire share capital of Sound Energy Morocco South Ltd.
The consent solicitation ended at noon ET on Dec. 7.
Sound Energy also is looking to add a meaning of asset disposal.
To form a quorum, the meeting required one or more persons representing a clear majority of the outstanding notes. To pass, the measure must be passed by a majority consisting of at least 75% of the votes cast.
The company issued €28.8 million principal amount of 5% five-year bonds to Greenberry plc and other investors in a private placement at 32% discount on Sept. 14, 2016.
The tabulation agent is Bank of New York Mellon, London Branch (+44 0 1202 689644, fax +44 0 2079 642536 or debtrestructuring@bnymellon.com). The registrar is Bank of New York Mellon SA/NV, Luxembourg Branch (fax +352 24 52 5604 or LUXMB_SPS@bnymellon.com). The principal paying agent is Bank of New York Mellon, London branch (fax +44 0 2079 642536 or corpsov1@bnymellon.com).
Sound Energy is an oil and gas exploration and production company based in Sevenoaks, England.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.