Angus Energy PLC Replacement: Result of General Meeting (0970I)

TIDMANGS

RNS Number : 0970I

Angus Energy PLC

21 November 2018

The following replaces the announcement released at 11:57 today under RNS number 0929I in which the Admission date was incorrectly stated as 5 November 2018 rather than 22 November 2018. All other details remain unchanged and the full amended announcement is set out below.

THIS ANNOUNCEMENT, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

This announcement is for information purposes only and does not constitute any invitation, solicitation, recommendation, prospectus, offering memorandum or an offer or advice to any person to subscribe for, otherwise acquire or dispose of any securities in Angus Energy plc or any other entity in any jurisdiction. Neither this announcement nor the fact of its distribution should form the basis of, or be relied on in connection with, any investment decision in respect of Angus Energy plc or other evaluation of any securities of Angus Energy plc or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

21 November 2018

Angus Energy plc

("Angus" or the "Company")

Result of General Meeting,

Shareholders Approve Grant of Options and Total Voting Rights

Angus Energy plc (AIM: ANGS), a leading UK conventional oil and gas production and development company, announces that all resolutions proposed at its General Meeting held earlier today, as set out in the Notice of General Meeting dated 5 November 2018, were duly passed by shareholders.

Accordingly, pursuant to the Company's announcement on 5 November 2018, the Company is issuing 22,222,222 new Ordinary Shares. Application has been made for admission of the Placing Shares to trading on AIM which is expected to become effective, and dealings are expected to commence, at 8.00 a.m. on Thursday, 22 November 2018, following which the Company will have 403,944,208 Ordinary Shares in issue with voting rights. There are no Ordinary Shares held in treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights will be 403,944,208 and Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Paul Vonk, Managing Director, commented: "Naturally, we are deeply appreciative for our shareholders' support of our business plan. The Company has continued to advance towards commencing its commercial flow testing programme from the Kimmeridge at the Brockham Field. Our guidance on timing remains unchanged and we look forward to updating shareholders."

In addition, pursuant to the Company's announcement on 24 August 2018 and the authorities approved by Shareholders at the General Meeting, 11,650,000 options to subscribe for new Ordinary Shares have been granted under the Company's existing Employee Incentive Schemes to Directors and other staff as part of the Company's annual share option grants. As previously announced, the options have an exercise price of 8 pence per share and further details are set out in the 24 August 2018 RNS. Options were granted to the following Directors and PDMRs:

   Paul Vonk                                                            2,000,000 
   Rob Shepherd                                                    650,000 
   Cameron Buchanan                                          650,000 
   Chris de Goey                                                    650,000 
   Jonathan Tidswell-Pretorius (PDMR)            2,000,000 
   Carlos Fernandes (PDMR)                               2,000,000 

Enquiries:

Angus Energy plc www.angusenergy.co.uk

Paul Vonk Tel: [phone]

   Stockdale Securities Limited (Nomad and Broker)                      www.stockdalesecurities.com 
   Robert Finlay / Richard Johnson / Ed Thomas                             Tel: [phone] 

Yellow Jersey www.yellowjerseypr.com

Tim Thompson Tel: [phone]

Capitalised terms used in this announcement and not otherwise defined in the text of this announcement shall have the same meanings as the definitions in the Company's announcement of the Placing on 5 November 2018.

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 majority owns and operates conventional oil production fields at Brockham (PL 235), Lidsey (PL 241) and the Balcombe Licence (25% interest in PEDL244). The Company has a 12.5% interest in the Holmwood licence (PEDL143).

Further information is available on the company website: www.angusenergy.co.uk.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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November 21, 2018 07:19 ET (12:19 GMT)