Angus Energy PLC has announced that it will be convening a General Meeting (GM) on October 30, 2023, to seek shareholder approval for the issuance of new ordinary shares. The company plans to issue 516,033,308 new ordinary shares to Kemexon Ltd as part of a conversion of a £3 million Junior Bridge Facility. In addition, the company seeks approval to issue warrants to Aleph Finance Limited for up to 300,000,000 new ordinary shares as part of a £6 million Junior Bridge Facility arrangement. The company also seeks approval to issue shares in connection with any future agreement with Aleph regarding the repayment of the facility, up to a maximum of 1,500,000,000 new ordinary shares. The company states that it is complying with these requirements now, although it does not currently expect these shares to be issued due to ongoing discussions to refinance the company's indebtedness. The company also seeks approval to authorize the directors to allot further ordinary shares in the future.