KEYFACT Energy
Sound Energy, the Moroccan focused upstream company, confirms that the divestment of the entire issued share capital of the Company's wholly owned subsidiary, Sound Energy Holdings Italy Limited ("SEHIL") to Coro Energy plc ("Coro", which was previously named Saffron Energy plc) completed this morning.
As of today's date, the Coro Consideration Shares represent approximately 25.9% of the enlarged issued share capital of Coro, which was re-admitted to trading under its new name this morning.