Buy
Sell
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 0.0% 0.825 0.80 0.85 0.825 0.825 0.825 2,203,342 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -2.5 -0.4 - 8

Angus Energy PLC Update re. Saltfleetby Finance Facility

29/03/2021 7:00am

UK Regulatory (RNS & others)


Angus Energy (LSE:ANGS)
Historical Stock Chart


From Mar 2021 to Jun 2021

Click Here for more Angus Energy Charts.

TIDMANGS

RNS Number : 7233T

Angus Energy PLC

29 March 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) ("MAR"). THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

29 March 2021

Angus Energy Plc

("Angus Energy", "Angus" or the "Company")

Update re Saltfleetby Finance Facility

Angus Energy plc (AIM: ANGS) is pleased to announce that, further to the commitments of between GBP8 and GBP9 million communicated on 22 February 2021, it has been advised by Aleph Energy Limited that they have received additional commitments of GBP3 million on the same terms as those advised in that earlier RNS which would, in total, now meet the GBP12 million funding amount sought.

The commitments are conditional upon there being no material adverse change and the satisfactory execution of all legal and security documents, which are, for the most part, in near final form. The exception being an Intercreditor Agreement and Security Agency Agreement governing the relationship between all of the Lenders. Further soft commitments and expressions of strong interest advised mean that the Facility is oversubscribed and a short period of agreeing allocations will also be needed.

The Loan Facility terms remain substantially unchanged from those advised in our RNS of 30 November 2020. Angus is preparing charges to be registered and working to satisfy the conditions precedent set out in the Loan Facility Agreement in view of signing the Agreements and receiving the funds in the near term.

In the interim we have progressed the procurement of further elements of the gas processing package and continue our development programme in order to achieve first gas later this year.

END.

Enquiries:

 
 Angus Energy Plc               www.angusenergy.co.uk 
 George Lucan                   Tel: +44 (0) 208 899 6380 
 
 
 Beaumont Cornish (Nomad)       www.beaumontcornish.com 
 James Biddle/ Roland Cornish   Tel: +44 (0) 207 628 3396 
 
 WH Ireland Limited (Broker) 
 Katy Mitchell/ Harry Ansell    Tel: +44 (0) 113 394 6600 
 
 Flagstaff PR/IR                angus@flagstaffcomms.com 
 Tim Thompson                   Tel: +44 (0) 207 129 1474 
 Fergus Mellon 
 Aleph Commodities              info@alephcommodities.com 
 

Notes

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 diversified clean energy and energy infrastructure company. Angus Energy has a 51% 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).

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCKVLFLFXLLBBB

(END) Dow Jones Newswires

March 29, 2021 02:00 ET (06:00 GMT)

1 Year Angus Energy Chart

1 Year Angus Energy Chart

1 Month Angus Energy Chart

1 Month Angus Energy Chart
ADVFN Advertorial
Your Recent History
LSE
ANGS
Angus Ener..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210623 21:23:21