4th Dec 2023 15:36
(Alliance News) - Sound Energy PLC noteholders on Monday voted in favour of restructuring the company's bonds.
Sound Energy, an AIM-listed transition energy company, sought noteholder approval to remove the obligation to begin amortising the outstanding EUR25.3 million notes at a rate of 5.0% every six months until maturity in December 2027 from December 21 this year.
At the noteholder meeting 96.2% of votes were cast in favour of the proposal.
Sound Energy's share price was up 3.5% to 0.84 pence each in London on Monday afternoon.
By Hugh Cameron, Alliance News reporter
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