Business
Angus Energy Completes £2M Private Placement
Angus Energy Completes £2M Private Placement.
About this update from Angus Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3888E Angus Energy PLC 09 February 2018 \n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (\"MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION AS PERMITTED BY MAR. THAT INSIDE INFORMATION IS SET OUT IN THIS ANNOUNCEMENT AND HAS BEEN DISCLOSED AS SOON AS POSSIBLE IN ACCORDANCE WITH PARAGRAPH 7 OF ARTICLE 17 OF MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION IN RELATION TO THE COMPANY AND ITS SECURITIES. \n \n9 February 2018\nAngus Energy plc\n(\"Angus Energy\", the \"Group\" or the \"Company\")\nAngus Energy Completes £2M Private Placement\n \nAngus Energy Plc, a conventional oil and gas production and development company, is pleased to announce it has successfully raised £2.0 Million (gross) by means of a private placement (the \"Placing\") with institutional and private investors.\n \nThe Placing \nThe Company has raised gross proceeds of £2,000,000 by the issuance of 33,333,334 new ordinary shares of £0.002 each in its share capital (the \"Placing Shares\") through its broker, Optiva Securities Limited. \n \nHighlights:\n \n· The Placing raised gross proceeds of £2,000,000 at a price of 6p per Placing Share (the \"Placing Price\"), conditional only on Admission. The Placing Price represents a discount of 27% to the closing mid-market price on 8 February 2018. \n· The Placing Shares have been allotted and an application for their adm...