Angus Energy PLC has announced the issuance of fee shares and Total Voting Rights (TVR). Following the announcement made on 22 February 2024, Aleph Commodities Ltd received a fee for structuring and 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. The company is issuing 25,000,000 shares under existing authorities, with the remainder to be issued subject to receiving additional authorities at the upcoming General Meeting to be held on 14 March 2024.
Application 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. Following the issue of the Fee Shares, the Company will have 4,167,893,340 Ordinary Shares in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury.
The 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.
For further information on the Company, please visit www.angusenergy.co.uk or contact the relevant parties listed in the announcement. The announcement also includes disclaimers regarding forward-looking statements, emphasizing that they involve risks and uncertainties and are not guarantees of future performance. Any forward-looking statements made in the announcement speak only as of the date of such statement, and the company is not obliged to update such statements unless in accordance with their legal or regulatory obligations.