The following replaces the announcement released at 11:57 today under RNS number 0929I in which the Admission date was incorrectly stated as 5 November 2018 rather than 22 November 2018. All other details remain unchanged and the full amended announcement is set out below.
THIS ANNOUNCEMENT, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
This announcement is for information purposes only and does not constitute any invitation, solicitation, recommendation, prospectus, offering memorandum or an offer or advice to any person to subscribe for, otherwise acquire or dispose of any securities in Angus Energy plc or any other entity in any jurisdiction. Neither this announcement nor the fact of its distribution should form the basis of, or be relied on in connection with, any investment decision in respect of Angus Energy plc or other evaluation of any securities of Angus Energy plc or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.
21 November 2018
Angus Energy plc
(“Angus” or the “Company”)
Result of General Meeting,
Shareholders Approve Grant of Options and Total Voting Rights
Angus Energy plc (AIM: ANGS), a leading UK conventional oil and gas production and development company, announces that all resolutions proposed at its General Meeting held earlier today, as set out in the Notice of General Meeting dated 5 November 2018, were duly passed by shareholders.
Accordingly, pursuant to the Company’s announcement on 5 November 2018, the Company is issuing 22,222,222 new Ordinary Shares. Application has been made for admission of the Placing Shares to trading on AIM which is expected to become effective, and dealings are expected to commence, at 8.00 a.m. on Thursday, 22 November 2018, following which the Company will have 403,944,208 Ordinary Shares in issue with voting rights. There are no Ordinary Shares held in treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights will be 403,944,208 and Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.
Paul Vonk, Managing Director, commented: “Naturally, we are deeply appreciative for our shareholders’ support of our business plan. The Company has continued to advance towards commencing its commercial flow testing programme from the Kimmeridge at the Brockham Field. Our guidance on timing remains unchanged and we look forward to updating shareholders.”
In addition, pursuant to the Company’s announcement on 24 August 2018 and the authorities approved by Shareholders at the General Meeting, 11,650,000 options to subscribe for new Ordinary Shares have been granted under the Company’s existing Employee Incentive Schemes to Directors and other staff as part of the Company’s annual share option grants. As previously announced, the options have an exercise price of 8 pence per share and further details are set out in the 24 August 2018 RNS. Options were granted to the following Directors and PDMRs:
Paul Vonk 2,000,000
Rob Shepherd 650,000
Cameron Buchanan 650,000
Chris de Goey 650,000
Jonathan Tidswell-Pretorius (PDMR) 2,000,000
Carlos Fernandes (PDMR) 2,000,000
Angus Energy plc www.angusenergy.co.uk
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