RNS Number : 7196F
Angus Energy PLC
06 March 2024
 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

06 March 2024

 

Angus Energy Plc

("Angus Energy", the "Company" or together with its subsidiaries, the "Group")

(AIM:ANGS)

 

Issuance of Fee Shares and TVR

 

Further to the announcement made by the Company on 22 February 2024, Aleph Commodities Ltd received a fee for structuring and assistance in securing the Trafigura £20 million Loan Facility of £750,000, to be satisfied by the issue of 187,500,000 new Ordinary Shares at 0.40 pence per share. Accordingly, the Company is now issuing 25,000,000 shares under existing authorities (the "Fee Shares"), with the remainder to be issued subject to receiving additional authorities at the upcoming General Meeting to be held on 14 March 2024.  

 

Admission to trading of Fee Shares

 

Application has been made to the London Stock Exchange for admission of the Fee Shares to trading and it is expected that admission will become effective and dealings in the Fee Shares will commence at 8.00 a.m. on or around 7 March 2024 ("Admission").

 

Following the issue of the Fee Shares, the Company has 4,167,893,340 Ordinary Shares in issue, each share carrying the right to one vote.

 

The Company does not hold any Ordinary Shares in treasury.

 

The above figure of 4,167,893,340 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

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For further information on the Company, please visit www.angusenergy.co.uk or contact:

Enquiries:

 

Angus Energy Plc                                             www.angusenergy.co.uk

 

Richard Herbert               

Chief Executive Director                                                      Via Flagstaff

               

Beaumont Cornish Limited (Nomad)         www.beaumontcornish.com

 

James Biddle / Roland Cornish                        Tel: +44 (0) 207 628 3396

               

WH Ireland Limited (Broker)     

 

Katy Mitchell / Harry Ansell                                Tel: +44 (0) 207 220 1666

               

Flagstaff PR/IR                                             angus@flagstaffcomms.com

 

Tim Thompson / Fergus Mellon                         Tel: +44 (0) 207 129 1474              

 

Aleph Commodities                                       info@alephcommodities.com

 

Disclaimers - this Announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "forecasts", "plans", "prepares", "anticipates", "projects", "expects", "intends", "may", "will", "seeks", "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this Announcement and include statements regarding the Company's and the Directors' intentions, beliefs or current expectations concerning, amongst other things, the Company's prospects, growth and strategy. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual performance, achievements and financial condition may differ materially from those expressed or implied by the forward-looking statements in this Announcement. In addition, even if the Company's results of operations, performance, achievements and financial condition are consistent with the forward-looking statements in this Announcement, those results or developments may not be indicative of results or developments in subsequent periods. Any forward-looking statements that the Company makes in this Announcement speak only as of the date of such statement and (other than in accordance with their legal or regulatory obligations) neither the Company, nor the Bookrunner nor Beaumont Cornish nor any of their respective associates, directors, officers or advisers shall be obliged to update such statements. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.

Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.

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