ANGS Angus Energy Plc

TIDMANGS

RNS Number : 2378C

Angus Energy PLC

07 October 2022

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 AMED . UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN .

7 October 2022

Angus Energy Plc

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

(AIM:ANGS)

Director's Dealing

The Company has been informed that Paul Forrest, Non-Executive Director, on 30 September 2022 sold 6,500,000 Ordinary Shares of 0.002p each ("Ordinary Shares") at an average price of 2.2 pence per Ordinary Share. Paul Forrest's total shareholding in the Company is now 538,750,000 Ordinary Shares representing 19.49 per cent. of the Company's issued share capital.

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

Enquiries:

   Angus Energy Plc                                             www.angusenergy.co.uk 
   George Lucan                                                    Tel: +44 (0) 208 899 6380 
   Beaumont Cornish Limited (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) 207 220 1666 
   Flagstaff PR/IR                                                  angus@flagstaffcomms.com 
   Tim Thompson / Fergus Mellon                 Tel: +44 (0) 207 129 1474 
   Aleph Commodities                                       info@alephcommodities.com 

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.

Paul Forrest

 
1   Details of the person discharging managerial responsibilities / person closely associated 
a)  Name                                           Forum Energy Services Ltd 
2   Reason for notification 
a)  Position / status                              Non-Executive Director 
b)  I nitial notification                          Initial 
     /Amendment 
3   Details of t he issu er, emission allow a n ce m a r 
     k et participan t, au ct ion plat for m, au ction eer 
     or auc tion monitor 
a)  Name                                           Angus Energy Plc 
b)  LEI                                            2138008K3RL6MQRQPD84 
4   Details of t he t ransact ion (s): section to be re p 
     eated for ( i) e a ch type of instr u m e n t; (ii) each 
     type of transac tion; (iii) each date; and ( iv) each 
     place w h ere transactions have b een condu cted 
a)   Description of the financial                  6,500,000 Ordinary shares of 
      instrument, t ype of instrument               0.002 pence each in Angus Energy 
                                                    Plc 
      I d e ntification code 
                                                    ISIN GB00BYWKC989 
    Nature of the transaction                      Director's market share sale 
c)  Price(s) and volumes(s)                          Price(s)     Volumes(s) 
                                                      2.2 pence    6,500,000 
                                                                  ----------- 
d)  Aggregated information                         n/a 
e)  Date of the transaction                        30 September 2022 
f)  Place of the transaction                       London Stock Exchange, AIM 
                                                    (XLON) 
 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BYWKC989

Issuer Name

ANGUS ENERGY PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Forum Energy Services Limited

City of registered office (if applicable)

Isleworth

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

30-Sep-2022

6. Date on which Issuer notified

02-Oct-2022

7. Total positions of person(s) subject to the notification obligation

 
                          % of voting rights      % of voting rights      Total of both in %      Total number of 
                          attached to shares      through financial       (8.A + 8.B)             voting rights held 
                          (total of 8.A)          instruments (total                              in issuer 
                                                  of 8.B 1 + 8.B 2) 
   Resulting situation 
    on the date on 
    which threshold 
    was crossed or 
    reached                19.489815               0.000000                19.489815               538750000 
                        ======================  ======================  ======================  ====================== 
   Position of 
    previous 
    notification (if 
    applicable)            20.040000               0.000000                20.040000 
                        ======================  ======================  ======================  ====================== 
 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

 
Class/Type of shares    Number of direct        Number of indirect      % of direct voting      % of indirect voting 
ISIN code(if possible)  voting rights (DTR5.1)  voting rights           rights (DTR5.1)         rights (DTR5.2.1) 
                                                (DTR5.2.1) 
GB00BYWKC989               538750000               0                       19.489815               0.000000 
                        ======================  ======================  ======================  ====================== 
Sub Total 8.A              538750000                                       19.489815% 
                        ==============================================  ============================================== 
 

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 
Type of financial           Expiration date  Exercise/conversion period  Number of voting rights    % of voting rights 
instrument                                                               that may be acquired if 
                                                                         the instrument is 
                                                                         exercised/converted 
 
Sub Total 8.B1 
                            ===========================================  =========================  ================== 
 

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

 
Type of financial   Expiration date  Exercise/conversion  Physical or cash     Number of voting     % of voting rights 
instrument                           period               settlement           rights 
 
Sub Total 8.B2 
                    =========================================================  ===================  ================== 
 

9. Information in relation to the person subject to the notification obligation

1. Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.

 
Ultimate controlling    Name of controlled      % of voting rights if   % of voting rights      Total of both if it 
person                  undertaking             it equals or is higher  through financial       equals or is higher 
                                                than the notifiable     instruments if it       than the notifiable 
                                                threshold               equals or is higher     threshold 
                                                                        than the notifiable 
                                                                        threshold 
 
 

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

02-Oct-2022

13. Place Of Completion

Brighton UK

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October 07, 2022 11:54 ET (15:54 GMT)