Angus Energy PLC Non-Executive Director Appointment

RNS Number : 9550S

Angus Energy PLC

19 June 2024

 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

19 June 2024

 

Angus Energy Plc

("Angus Energy", the "Company" or together with its subsidiaries, the "Group")

(AIM:ANGS)

 

Non-Executive Director Appointment

 

Angus Energy (Aim: ANGS) is pleased to announce that Antoine Vayner ("New Director") has joined the Board of Directors as a Non-Executive Director, representing the largest shareholder, Kemexon Ltd ("Kemexon").

 

Antoine brings considerable experience in origination and execution of a variety of transactions in the energy space. He has previously worked for St James's Wealth Management, the Mirabaud Group, and IDCM (Finance and M&A advisory) in London, before taking a position in strategy and business development of the investment arm of Kemexon.

 

Antoine's appointment reinforces Kemexon's commitment to Angus' growth and development. The combination of Kemexon's expertise and support should enable the Company to pursue various growth opportunities, both organic and inorganic, that have been identified.

 

Richard Herbert, CEO of Angus, commented, "the Board welcomes Antoine's appointment. This is part of the Angus growth story that was announced two months ago. We have delivered oil production at Brockham as we had indicated and are now looking at some inorganic acquisitions. We believe the combination of Angus and Kemexon will be an important part of delivering the Angus growth strategy".

 

Antoine Tom Alexander Vayner, aged 35, is, or has, during the last five years been a director or partner of the following companies and partnerships:

 

Current:

Celest Invest S.A.R.L

 

Former:

None

 

Other than as disclosed above, there are no further disclosures to be made in accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

 

Kemexon currently holds 981,195,515 Ordinary Shares in the Company representing 22.19% of the Company's issued share capital. A Relationship Agreement has been signed to describe the normal arm's length dealings between the Kemexon and Angus.

 

Kemexon looks forward to a long-term relationship, assisting with the execution of the Company's growth strategy.

 

 

END

 

For further information on the Company, please visit www.angusenergy.co.uk or contact:

Enquiries:

 

Angus Energy Plc                                             www.angusenergy.co.uk

 

Richard Herbert               

Chief Executive Director                                               Via Flagstaff

               

Beaumont Cornish Limited (Nomad)      www.beaumontcornish.com

 

James Biddle / Roland Cornish                   Tel: [phone]

               

SP Angel Corporate Finance LLP (Broker)              www.spangel.co.uk

 

Stuart Gledhill / Caroline Rowe / Richard Hail Tel: [phone]

               

Flagstaff PR/IR                                                  [e-mail]

 

Tim Thompson / Fergus Mellon / Alison Alfrey   Tel: [phone]

 

About Angus Energy plc

 

Angus Energy plc is a UK AIM quoted independent onshore Energy Transition company with a complementary portfolio of clean gas development assets, onshore geothermal projects, and legacy oil producing fields. Angus is focused on becoming a leading onshore UK energy infrastructure company. Angus Energy has a 100% interest in the Saltfleetby Gas Field (PEDL005), majority owns and operates conventional oil production fields at Brockham (PL 235) and Lidsey (PL 241) and has a 25% interest in the Balcombe Licence (PEDL244). Angus Energy operates all fields in which it has an interest.   

Disclaimers - this Announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "forecasts", "plans", "prepares", "anticipates", "projects", "expects", "intends", "may", "will", "seeks", "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this Announcement and include statements regarding the Company's and the Directors' intentions, beliefs or current expectations concerning, amongst other things, the Company's prospects, growth and strategy. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual performance, achievements and financial condition may differ materially from those expressed or implied by the forward-looking statements in this Announcement. In addition, even if the Company's results of operations, performance, achievements and financial condition are consistent with the forward-looking statements in this Announcement, those results or developments may not be indicative of results or developments in subsequent periods. Any forward-looking statements that the Company makes in this Announcement speak only as of the date of such statement and (other than in accordance with their legal or regulatory obligations) neither the Company, nor the Bookrunner nor Beaumont Cornish nor any of their respective associates, directors, officers or advisers shall be obliged to update such statements. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.

Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.

 

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