Business
Issue of Equity
Issue of Equity.
About this update from Angus Energy Plc
[{"type":"text","content":"\n \nRNS Number : 5560T Angus Energy PLC 04 July 2018 \n\n 4 JULY 2018 \n \nAngus Energy Plc\n(the \"Company\")\n \nIssue and Allotment of Ordinary Shares following Exercise of Conversion Rights\n \nAngus Energy Plc (LSE:ANGS), a leading UK on-shore, conventional oil and gas production and development company, is pleased to announce that it has received notice of exercise of £400,000 in respect of the convertible security previously issued on 25 April 2018 at a conversion price of £0.043, the details of which were announced to the market on 23 April 2018, pursuant to which 9,302,326 ordinary shares (the \"Relevant Shares\") fall to be issued. \n \nApplication has therefore been made for the Relevant Shares to be admitted to trading on AIM with admission expected to take place on Tuesday 10 July 2018. The Relevant Shares will rank pari passu in all respects with all existing ordinary shares in the Company.\n \nFollowing admission of the Relevant Shares, the Company's enlarged issued share capital will comprise 316,115,312 ordinary shares with voting rights. This figure of 316,115,312 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 in their interest in, the share capital of the Company under the Disclosure Rules and Transparency Rules of the United Kingdom Listing Authority.\n \nEND.\n \nEnquiries:\n\n\n\n\nAngus Energy Plc\n\n\n\n\n\n\n\nJonathan Tidswell-Pretorius / Paul Vonk\n\n\nTel: +44 (0) 208 899 6380\n\n\n\n\n\n\n\n\n\n\n\n\nBeaumont Co...