Angus Energy PLC Result of Placing (5446X)
April 30 2019 - 3:26AM
UK Regulatory
TIDMANGS
RNS Number : 5446X
Angus Energy PLC
30 April 2019
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF
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CONSTITUTE AN OFFER TO SELL OR ISSUE OR A SOLICITATION OF OFFERS TO
BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES IN ANY
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YOU SHOULD READ AND UNDERSTAND THE INFORMATION PROVIDED IN IN THE
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OTHER ASSETS INVESTED.
Angus Energy plc
("Angus" or the "Company")
Result of Placing
The Company is pleased to announce that it has raised gross
proceeds of GBP3,010,050 as result of the fundraising announced
earlier today (the "Fundraising").
A total of 70,824,700 new ordinary shares in the capital of the
Company ("New Ordinary Shares") have been placed by WH Ireland
Limited with new and existing investors (the "Placing") at a price
of 4.25 pence per share (the "Issue Price").
As set out in the announcement of earlier today, the Company
intends that the net proceeds of the Placing will be used for
working capital; progressing work on its existing assets and
progressing due diligence of a potential acquisition target.
As also previously announced, application has been made to
London Stock Exchange plc for the New Ordinary Shares to be
admitted to trading on AIM. It is expected that admission will be
effective, and dealings in the New Ordinary Shares will commence,
at 8.00 a.m. on 8 May 2019.
For the purposes of the Financial Conduct Authority's Disclosure
and Transparency Rules ("DTRs"), the issued ordinary share capital
of the Company following Admission will consist of 538,092,932
Ordinary Shares with voting rights attached (one vote per Ordinary
Share). There are no Ordinary Shares held in treasury. This total
voting rights figure may be used by shareholders as the denominator
for the calculations by which they will determine whether they are
required to notify their interests in, or a change to their
interest in, the Company under the DTRs.
For further information please contact:
Angus Energy Plc www.angusenergy.co.uk
George Lucan Tel: +44 (0) 208
899 6380
Beaumont Cornish (Nomad) www.beaumontcornish.com
James Biddle/ Roland Cornish Tel: +44 (0) 207
628 3396
WH Ireland Limited (Broker)
Katy Mitchell/ Harry Ansell Tel: +44 (0) 113
394 6600
Yellow Jersey angus@yellowjerseypr.com
Tim Thompson Tel: +44 (0) 203
004 9512
Henry Wilkinson
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END
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