REG - Angus Energy PLC - Direct Subscription for £3,000,000 & TVR

Angus EnergyAnnouncement

04/07/2022 12:30

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RNS Number : 2276R  Angus Energy PLC  04 July 2022

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.

4 July 2022

 

Angus Energy Plc

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

(AIM:ANGS)

 

Direct Subscription for £3,000,000

TVR

 

Further to the Company's announcement of 24 May 2022, Angus Energy Plc
(AIM:ANGS) is pleased to announce that following receipt of the subscription
funds it has now completed the subscription to raise, in aggregate, gross
proceeds of £2,000,000 through the direct subscription of 182,000,000
Ordinary Shares (the "Initial Subscription Shares") to a group of family
offices and private investors led by Aleph International Holdings (UK) Limited
("Aleph") at a price of 1.0989 pence per share, conditional only on Admission.

 

In addition, subscription agreements have also been signed for the remaining
£1,000,000 through the direct subscription of 91,000,000 at a price of 1.0989
pence per share, (the "Secondary Subscription Shares") and completion of the
Secondary Subscription is conditional, inter alia, upon admission of the
Secondary Subscription Shares (as defined below) to trading on AIM and, on
receipt of the Secondary Subscription funds by 31 July 2022.

 

Admission to trading

 

Application will be made to the London Stock Exchange for Admission of the
Initial Subscription Shares (the "New Shares"). It is expected that admission
will become effective and dealings in the New Shares will commence at 8.00
a.m. on or around 8 July 2022 ("Admission"). A further announcement will be
made advising of the admission date for the Secondary Subscription Shares
following receipt of the funds.

 

Following the issue of the Initial Subscription Shares, the Company will
have 2,465,650,514 Ordinary Shares in issue, each share carrying the right to
one vote (the "Enlarged Issued Share Capital"), each share carrying the right
to one vote. The Company does not hold any Ordinary Shares in treasury.

 

The above figure of 2,465,650,514 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.

 

END

 

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

Enquiries:

 

Angus Energy Plc
                www.angusenergy.co.uk
(http://www.angusenergy.co.uk)

 

George Lucan
 
                Tel: +44 (0) 208 899 6380

 

Beaumont Cornish Limited (Nomad)      www.beaumontcornish.com
(http://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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