Business
Proposed placing to raise approximately £800,000
Proposed placing to raise approximately £800,000.
About this update from Angus Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5729U\n Angus Energy PLC\n 03 December 2021\n \n \n \n \n THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO\n .\n \n 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED\n \n . \n UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN\n .\n \n \n THIS ANNOUNCEMENT, INCLUDING THE APPENDICES TO THIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO\n . \n \n \n THIS ANNOUNCEMENT, INCLUDING THE APPENDICES TO THIS ANNOUNCEMENT, IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY\n . \n THIS ANNOUNCEMENT AND THE APPENDICES DO NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF ANGUS ENERGY PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL\n .\n \n \n \n THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY\n .\n \n IN PARTICULAR, YOU SHOULD READ AND UNDERSTAND THE INFORMATION PROVIDED IN THE APPENDICES INCLUDING APPENDIX II WHICH CONTAINS THE TERMS AND CONDITIONS OF THE PLACING\n \n .\n \n 3 December 2021\n \n Angus Energy Plc\n \n \n (\"Angus Energy\", the \"Company\" or the \"Group\") (AIM: ANGS)\n \n \n \n \n \n Proposed Placing to raise approximately £800,000\n \n \n \n \n \n Angus Energy Plc (AIM:ANGS) is pleased to announce its intention to raise gross proceeds of approximately £800,000 by means of a placing (the \"Placing\") of new Ordinary Shares (the \"Placing Shares\") to certain institutional and other investors at a price of 0.65 pence per share (the \"Placing Price\").\n \n The Placing Price represents a discount of approximately 10.3 per cent. to the Closing Price of 0.725 pence per Ordinary Share on 2 December 2021,...