We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Angus Energy Plc | LSE:ANGS | London | Ordinary Share | GB00BYWKC989 | ORD GBP0.002 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.425 | 0.40 | 0.45 | 0.425 | 0.425 | 0.425 | 2,369,390 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 3.14M | -111.95M | -0.0309 | -0.14 | 15.21M |
TIDMANGS
RNS Number : 3888E
Angus Energy PLC
09 February 2018
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 ("MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION AS PERMITTED BY MAR. THAT INSIDE INFORMATION IS SET OUT IN THIS ANNOUNCEMENT AND HAS BEEN DISCLOSED AS SOON AS POSSIBLE IN ACCORDANCE WITH PARAGRAPH 7 OF ARTICLE 17 OF MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION IN RELATION TO THE COMPANY AND ITS SECURITIES.
9 February 2018
Angus Energy plc
("Angus Energy", the "Group" or the "Company")
Angus Energy Completes GBP2M Private Placement
Angus Energy Plc, a conventional oil and gas production and development company, is pleased to announce it has successfully raised GBP2.0 Million (gross) by means of a private placement (the "Placing") with institutional and private investors.
The Placing
The Company has raised gross proceeds of GBP2,000,000 by the issuance of 33,333,334 new ordinary shares of GBP0.002 each in its share capital (the "Placing Shares") through its broker, Optiva Securities Limited.
Highlights:
-- The Placing raised gross proceeds of GBP2,000,000 at a price of 6p per Placing Share (the "Placing Price"), conditional only on Admission. The Placing Price represents a discount of 27% to the closing mid-market price on 8 February 2018.
-- The Placing Shares have been allotted and an application for their admission to trading on AIM ("Admission") has been made with Admission expected to take place on or around 15 February 2018. The Placing Shares will rank pari passu with the Company's existing ordinary shares in issue.
-- The number of ordinary shares in issue immediately after Admission will be 297,637,986 giving the Company a market capitalisation of GBP17.9 million at the Placing Price.
Use of proceeds:
The principle purpose of this offering is to increase financial flexibility for acquisition activities. Net proceeds from the Placing will:
-- contribute funding to the acquisition of a 25% interest in the Balcombe Licence per the Company's 22 January RNS (the "Partnership").
-- defray operational and associated costs related to the Partnership.
TVR
In addition, in conformity with the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company announces the following:
Following the Placing, the Company's issued share capital will consist of 297,637,986 ordinary shares of GBP0.002 each ("Ordinary Shares") with voting rights. The Company does not hold any Ordinary Shares in Treasury.
The total number of Ordinary Shares in the Company with voting rights, following Admission, will be 297,637,986.
The above figure of 297,637,986 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will, following Admission, 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 Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
END.
About Angus Energy plc.
Angus Energy plc. is a UK AIM quoted independent onshore oil and gas production and development company focused on leveraging its expertise to advance its portfolio of UK assets as well as acquire, manage and monetise select projects. Angus Energy majority owns and operates conventional oil production fields at Brockham (PL 235) and Lidsey (PL 241) and has a 12.5% interest in the Holmwood licence (PEDL143).
Enquiries:
Angus Energy Plc ----------------------------------- -------------------------- Jonathan Tidswell-Pretorius / Tel: +44 (0) 208 899 6380 Paul Vonk ----------------------------------- -------------------------- Beaumont Cornish (NOMAD) ----------------------------------- -------------------------- James Biddle/ Roland Cornish Tel: +44 (0) 207 628 3396 ----------------------------------- -------------------------- Optiva Securities Limited (BROKER) ----------------------------------- -------------------------- Jeremy King/ Ed McDermott Tel: +44 (0) 203 137 1902 ----------------------------------- -------------------------- Yellow Jersey ----------------------------------- -------------------------- Tim Thompson Tel: +44 (0) 203 735 8825 ----------------------------------- --------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOETPMMTMBJMTPP
(END) Dow Jones Newswires
February 09, 2018 02:00 ET (07:00 GMT)
1 Year Angus Energy Chart |
1 Month Angus Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions