TIDMANGS

RNS Number : 1199X

Angus Energy PLC

21 April 2023

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 AMED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN .

21 April 2023

Angus Energy Plc

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

(AIM:ANGS)

Director/PDMR Shareholding

The Company has been informed that Paul Forrest, Non-Executive Director, on 20 April 2023 sold 107,750,000 Ordinary Shares of 0.002p each ("Ordinary Shares") at an average price of 1.8 pence per Ordinary Share. Paul Forrest's total shareholding in the Company is now 375,606,061 Ordinary Shares representing 10.46 per cent. of the Company's issued share capital. In line with what was previously agreed, this disposal by Forum Energy Services Ltd represents the final permitted sale for this quarter.

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

Enquiries:

   Angus Energy Plc                                              www.angusenergy.co.uk 
   George Lucan                                                    Tel: +44 (0) 208 899 6380 
   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.

TR-1: Standard form for notification of major holdings

 
GB00BYWKC989 
 

ISIN

Issuer Name

 
 
 
 

UK or Non-UK Issuer

 
 
 
 
 
 
 
 
   3. Details of person subject to the notification obligation             Name 
 
Forum Energy Services Limited 
 

City of registered office (if applicable)

 
 
 
 

Country of registered office (if applicable)

 
 
 
 

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

 
 
 
 

City of registered office (if applicable)

 
 
 
 

Country of registered office (if applicable)

 
 
 
 

5. Date on which the threshold was crossed or reached

 
 
 
 

6. Date on which Issuer notified

 
 
 
 
 
                         % of voting 
      % of voting         rights through                    Total number 
      rights attached     financial           Total of      of voting 
      to shares           instruments         both in       rights held 
      (total of           (total of           % (8.A +      in issuer 
      8.A)                8.B 1 + 8.B         8.B) 
                          2) 
 
 
   Resulting situation 
    on the date 
    on which threshold 
    was crossed 
    or reached                   10.461417       0.000000    10.461417       375606061 
   Position of 
    previous notification 
    (if applicable)              13.922040       0.000000    13.922040 
                            ==============  =============  ===========  ============== 
 
 
 
 
 
 
 
 
Class/Type           Number of         Number of                        % of indirect 
 of shares ISIN       direct voting     indirect         % of direct     voting rights 
 code(if possible)    rights (DTR5.1)   voting rights    voting rights   (DTR5.2.1) 
                                        (DTR5.2.1)       (DTR5.1) 
 GB00BYWKC989           375606061         0               10.461417        0.000000 
                     ================  ==============  ===============  ============== 
 
  Sub Total 8.A         375606061                         10.461417% 
                     ================================  =============================== 
 
 
 
 
 
 
                                                          Number of voting rights  % of 
  Type of financial    Expiration    Exercise/conversion   that may be acquired     voting 
  instrument           date          period                if the instrument is     rights 
                                                           exercised/converted 
===================  ============  =====================  =======================  ======= 
Sub Total 
 8.B1 
                     ===================================  =======================  ======= 
 
 
 
 
 
 
Type of      Expiration  Exercise/conversion  Physical             Number      % of 
 financial    date        period               or cash settlement   of voting   voting 
 instrument                                                         rights      rights 
===========  ==========  ===================  ===================  ==========  ======= 
Sub Total 
 8.B2 
             ====================================================  ==========  ======= 
 
 
 
 
 
 
 
 
                              % of voting           % of voting rights     Total of 
  Ultimate       Name of       rights if             through financial      both if it 
  controlling    controlled    it equals             instruments if         equals or 
  person         undertaking   or is higher          it equals or is        is higher 
                               than the notifiable   higher than the        than the notifiable 
                               threshold             notifiable threshold   threshold 
=============  =============  ====================  =====================  ==================== 
 
 
 
 
 

Name of the proxy holder

The number and % of voting rights held

 
 
 
 

The date until which the voting rights will be held

 
 
 
 

11. Additional Information

 
 
 
 

12. Date of Completion

 
 
 
 

13. Place Of Completion

 
 
 
 

PDMR Notification reference 00304735

 
 
 
 

Must complete either for a natural person or a legal person. If completing for a legal person, please include the legal form as provided for in the register where it is incorporated, if applicable.

Name of natural person

   Legal person                                                          FORUM ENERGY SERVICES LIMITED 
 
 
 
 

For persons discharging managerial responsibilities:

- The position occupied within the issuer or emission allowance market participant should be indicated e.g. CEO, CFO.

For persons closely associated with:

- An indication that the notification concerns a person closely associated with a person discharging managerial responsibilities;

- Name and position of the relevant person discharging managerial responsibilities

   Position/status                                                       Non-Executive Director 
   Initial notification/amendment                          Initial Notification 
 
 
 
 
   Full name of the entity                                         ANGUS ENERGY PLC 
   Legal Entity Identifier code                                2138008K3RL6MQRQPD84 

In accordance with ISO 17442 LEI code.

 
 
                                                              Price   Volume      Total 
                                                   ----------- 
                                                                 0.02    107750000  1889080.54 
                                                   -----------  ------  ----------  ---------- 
                                                   Aggregated    0.018   107750000  1889080.54 
                                                                ------  ----------  ---------- 
 
 
 
 
 Date Of Transaction    Financial Instrument    Identification    Place Of Transaction    Currency 
                                                Code 
                      ----------------------  ----------------  ----------------------  ------------- 
2023-04-20            Ordinary Shares         GB00BYWKC989      UK                      GBP - British 
                                                                                         Pound 
                      ----------------------  ----------------  ----------------------  ------------- 
Nature Of Transaction: 
 
 Disposal 
                                                                ------------------------------------- 
 

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