tiprankstipranks
Sound Energy Issues New Shares After Loan Conversion
Company Announcements

Sound Energy Issues New Shares After Loan Conversion

Sound Energy (GB:SOU) has released an update.

Maximize Your Portfolio with Data Driven Insights:

  • Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
  • Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

Sound Energy plc has issued 37.5 million new ordinary shares following the partial conversion of a convertible loan note, reducing its accrued interest by £375,000. These shares will be available for trading on AIM from October 22, 2024, increasing the company’s share capital to over 2 billion shares. Investors can use this updated share count for regulatory reporting under the Financial Conduct Authority’s rules.

For further insights into GB:SOU stock, check out TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App