Angus Energy PLC Update on Financing and Options Award (2912A)
19 1월 2024 - 5:01PM
UK Regulatory
TIDMANGS
RNS Number : 2912A
Angus Energy PLC
19 January 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 January 2024
Angus Energy Plc
("Angus Energy", the "Company" or together with its
subsidiaries, the "Group")
(AIM:ANGS)
Update on Financing, Extension of GBP6m Junior Bridge Facility
and Options Award
Angus Energy plc (AIM:ANGS) is pleased to announce that work in
documenting the Company's proposed GBP20 million Loan Facility and
Offtake Agreements with Trafigura is progressing well and is
expected to conclude with satisfaction of conditions precedent and
drawdown within four weeks.
The Company has been granted an extension to the existing GBP6m
Subordinated Debt Facility (the "Bridge Loan"), which is due to
mature on 19(th) January 2024, in order to allow time for
completing documentation and drawdown under the proposed facility
with Trafigura. Accordingly, Aleph Finance Limited has agreed to an
extension of the Bridge Loan for one month until 19(th) February
2024, for a fee of 1%, which is proportionate to the fee paid for
the previous extension of the loan in October 2023.
Options Award
The Company has granted 30 million share options under the
Company's existing Employee Incentive Schemes (the "Options") to
employees of the Company.
The share options to be granted were proposed by the
remuneration committee and approved by the Board. This reflects the
management's efforts in achieving successful operations at the
Company's wholly-owned Saltfleetby Field.
The share options have an exercise price of 0.67 pence per share
(being a premium of 36% to the closing price on 18 January 2024)
(the "Exercise Price") and vest as to 100 per cent., upon the
closing mid-market price of the Ordinary Shares being 0.67 pence
per share or above (being 36 per cent. above the Exercise Price).
The options have a 10 year term from the date of issue.
END
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
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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January 19, 2024 03:01 ET (08:01 GMT)
Angus Energy (LSE:ANGS)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
Angus Energy (LSE:ANGS)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024
