Angus Energy PLC Replacement: Result of General Meeting (0970I)
21 November 2018 - 11:19PM
UK Regulatory
TIDMANGS
RNS Number : 0970I
Angus Energy PLC
21 November 2018
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
Enquiries:
Angus Energy plc www.angusenergy.co.uk
Paul Vonk Tel: +44 (0) 208 899 6380
Stockdale Securities Limited (Nomad and Broker) www.stockdalesecurities.com
Robert Finlay / Richard Johnson / Ed Thomas Tel: +44 (0) 20 7601 6100
Yellow Jersey www.yellowjerseypr.com
Tim Thompson Tel: +44 (0) 203 735 8825
Capitalised terms used in this announcement and not otherwise
defined in the text of this announcement shall have the same
meanings as the definitions in the Company's announcement of the
Placing on 5 November 2018.
About Angus Energy plc
Angus Energy plc is a UK AIM quoted independent onshore oil and
gas production and development company focused on leveraging its
expertise to advance its portfolio of UK assets as well as acquire,
manage and monetise select projects. Angus majority owns and
operates conventional oil production fields at Brockham (PL 235),
Lidsey (PL 241) and the Balcombe Licence (25% interest in PEDL244).
The Company has a 12.5% interest in the Holmwood licence
(PEDL143).
Further information is available on the company website:
www.angusenergy.co.uk.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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