2023-12-04 15:38:06
(Alliance News) – Sound Energy PLC bondholders voted Monday to restructure the company’s bonds.
Sound Energy, an AIM-listed transitional energy company, has sought approval from bondholders to remove the requirement to begin amortizing outstanding bonds of €25.3 million at a rate of 5.0% every six months until maturity in December 2027, starting December 21 of this year.
At the shareholders’ meeting, 96.2% of votes were cast in favor of the proposal.
Sound Energy’s share price rose 3.5% to 0.84 pence in London on Monday followingnoon.
By Hugh Cameron, Alliance News reporter
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