Business
Issuance of Fee Shares and TVR
Issuance of Fee Shares and TVR.
About this update from Angus Energy Plc
[{"type":"text","content":"\n\nTHE 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 AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n06 March 2024\n \nAngus Energy Plc\n(\"Angus Energy\", the \"Company\" or together with its subsidiaries, the \"Group\")\n(AIM:ANGS)\n \nIssuance of Fee Shares and TVR\n \nFurther to the announcement made by the Company on 22 February 2024, Aleph Commodities Ltd received a fee for structuring and assistance in securing the Trafigura £20 million Loan Facility of £750,000, to be satisfied by the issue of 187,500,000 new Ordinary Shares at 0.40 pence per share. Accordingly, the Company is now issuing 25,000,000 shares under existing authorities (the \"Fee Shares\"), with the remainder to be issued subject to receiving additional authorities at the upcoming General Meeting to be held on 14 March 2024. \n \nAdmission to trading of Fee Shares\n \nApplication has been made to the London Stock Exchange for admission of the Fee Shares to trading and it is expected that admission will become effective and dealings in the Fee Shares will commence at 8.00 a.m. on or around 7 March 2024 (\"Admission\").\n \nFollowing the issue of the Fee Shares, the Company has 4,167,893,340 Ordinary Shares in issue, each share carrying the right to one vote.\n \nThe Company does not hold any Ordinary Shares in treasury.\n \nThe above figure of 4,167,893,340 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 \nFor further information on the Company, please visit www.angusenergy.co.uk or contact:\nEnquiries:\n \nAngus Energy Plc &nbs...