Business
Completion of Acquisition of Lidsey interest
Completion of Acquisition of Lidsey interest.
About this update from Angus Energy Plc
[{"type":"text","content":"\n \nRNS Number : 5587W Angus Energy PLC 18 April 2019 \n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) (\"MAR\"). THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n18 April 2019\nAngus Energy Plc\n(\"Angus Energy\" or the \"Company\")\nCompletion of Acquisition of interest in Lidsey Licence\n \nAngus Energy (AIM: ANGS) is pleased to inform investors that, further to its announcement of 26 February 2019, the Company has now completed the acquisition of Doriemus Plc's 20% interest in the Lidsey Licence, PL241 (the \"Licence\"), together with Its interest in and under the JOA and any wells on the area covered by the Licence (including its 30% direct participating working interest in the Lidsey-X2 production well). Accordingly, the Company has issued 8,324,024 Ordinary Shares at a price of 5.6148 pence per share (the \"Consideration Shares\"). As a result, Angus now has an interest in the Licence, including in the Lidsey-X2 production well, of 80%.\nApplication will be made for the Consideration Shares to be admitted to trading on AIM (\"Admission\") and it is expected that Admission will become effective on or around 26 April 2019. The Consideration Shares will rank pari passu with the existing ordinary shares. \nFollowing the issue of the Consideration Shares, the Company will have 467,268,232 Ordinary Shares in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury. The above figure of 467,268,232 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.\n \nEND.\n \nEnquiries:\n\n\n\nAngus Energy Plc\n\n\nwww.angusenergy.co.uk\n\n\n\n\nGeorge Lucan\n\n\nTel: +44 (0) 208 899 6380\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBeaumont Cornish (Nomad)\n\n\nwww.beaumontcornish.com\n\n\n\n\nJames Biddle/ Roland Cornish\n\n\nTel: +44 (0) 207 628 3396\n\n\n\n\n\n\n\n\n\n\n\n\nWH Ireland Limited (Broker)\n\n\n\n\n\n\n\nKaty Mitchell/ Harry Ansell\n\n\nTel: +44 (0) 113 394 6600\...