Anglo African Oil & Gas PLC Issue of Equity (3761W)

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RNS Number : 3761W

Anglo African Oil & Gas PLC

18 August 2020

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 ("MAR").

Anglo African Oil & Gas plc ("AAOG" or "the Company")

Issue of Equity

The Company announces that it has today issued 7,089,684 new ordinary shares of 0.1p each ("Ordinary Shares") at a price of 0.2821p each in respect of the conversion by Riverfort Global Opportunities PCC Limited ("Riverfort") of GBP20,000 principal of the convertible loan note entered into between the Company and Riverfort on 10 June 2020. Application has been made for the admission of the new ordinary shares to trading on AIM ("Admission") and dealings are expected to commence on 21 August 2020.

On Admission, the Company will have 473,709,227 Ordinary Shares in issue and there are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares with voting rights is 473,709,227. The figure of 473,709,227 may be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

 
 Anglo African Oil & Gas plc               [e-mail] 
 Sarah Cope, Non-Executive Chair 
 
 finnCap Ltd (Nominated Adviser)           Tel: [phone] 
 Christopher Raggett, Giles Rolls, Teddy 
  Whiley (Corporate Finance) 
 
 

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August 18, 2020 02:00 ET (06:00 GMT)