Anglo African Oil & Gas PLC Issue of Equity (3550B)

TIDMAAOG

RNS Number : 3550B

Anglo African Oil & Gas PLC

30 January 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 12,222,242 new ordinary shares of 0.1p each (the "New Ordinary Shares") at a price of 0.375p per New Ordinary Share in settlement of certain creditors. Application has been made for the admission of the New Ordinary Shares to trading on AIM ("Admission") and dealings are expected to commence on 4 February 2020.

On Admission, the Company will have 408,770,638 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 408,770,638.

The figure of 408,770,638 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               info@aaog.com 
 James Cane, Interim Chief Executive and 
  Finance Director 
 
 finnCap Ltd (Nominated Adviser)           Tel: +44 20 7220 0500 
 Christopher Raggett, Giles Rolls, Teddy 
  Whiley (Corporate Finance) 
 Camille Gochez (ECM)

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.

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