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ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")
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COMPANY NAME:
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ANGUS ENERGY PLC
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :
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Building 3 Chiswick Park
566 Chiswick High Street
London
W4 5YA
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COUNTRY OF INCORPORATION:
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UK
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
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http://www.angusenergy.co.uk/ (AIM Rule 26 section to be available on Admission)
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COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:
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Angus Energy plc ("the Company") and its subsidiaries (together the "Angus Group") operate a UK onshore focused oil and gas business with interests in two recently producing oil fields in the UK Weald Basin in southern England with development and exploration upside. Angus's subsidiary Angus Energy Weald Basin No. 3 ("AWB3") is an OGA approved operator and owns a 55% interest in the Brockham oil field in Surrey in PL235 and a 50% interest in the Lidsey oil field located in West Sussex in PL241. The Weald Basin is a proven petroleum system with several commercial producing fields and discoveries. The Company is seeking Admission in conjunction with a placing principally to fund its share of the costs of phased development programmes on the Brockham and Lidsey fields.
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DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):
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214,980,287 Ordinary Shares of £0.002 each to be issued at £0.06 per share
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
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£3,500,000 to be raised on Admission
Based on £3,500,000 raised, market capitalisation on Admission is expected to be approximately £12,899,000.
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
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60.47%
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:
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None
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FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):
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Jonathan Eldred Wilhelmus Tidswell-Pretorius (Executive Chairman)
Paul Abram Vonk (Managing Director)
Robert (Rob) James Shepherd (Non-Executive Director)
Christian ("Chris") de Goey (Non-Executive Director)
Cameron Roy Marchand Buchanan (Non-Executive Director)
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FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):
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Name
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Ordinary Shares
prior to Admission
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Percentage of
existing
Ordinary Shares
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Ordinary Shares
on Admission
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Percentage of Enlarged
Share Capital
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Knowe Properties Limited
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45,500,000
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30.33%
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45,500,000
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21.16%
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Jonathan Tidswell-Pretorius
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39,500,000
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26.33%
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39,500,000
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18.37%
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JDA Consulting Limited
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30,000,000
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20%
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30,000,000
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13.95%
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Paul Vonk
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15,000,000
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10%
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15,000,000
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6.98%
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Stuart Kilnan
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6,000,000
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4%
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6,000,000
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2.79%
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UK Oil & Gas Investments plc
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6,000,000
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4%
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6,000,000
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2.79%
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Mike Lakin
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5,000,000
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3.33%
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5,000,000
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2.33%
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
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SP Angel Corporate Finance LLP
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(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:
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(i) The accounting reference date of the Company is 30 September;
(ii) 31 March 2016;
(iii) The Company will publish its audited accounts for year ended 30 September 2016 by 31 December 2016. The Company will notify unaudited interim accounts for the six months ended 31 March 2017 by 30 June 2017. The Company will publish its audited accounts for the year ended 30 September 2017 by 31 March 2018.
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EXPECTED ADMISSION DATE:
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14 November 2016
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NAME AND ADDRESS OF NOMINATED ADVISER:
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Beaumont Cornish Limited
2nd Floor
Bowman House
29 Wilson Street
London
EC2M 2SJ
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NAME AND ADDRESS OF BROKER:
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Optiva Securities Limited
2 Mill Street
London
W1S 2AT
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OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
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http://www.angusenergy.co.uk/
Copies of the Admission document, containing full details of Angus Energy plc and the admission of its Ordinary Shares to trading on AIM, will be available free of charge during normal business hours on any day (except Saturdays, Sundays and public holidays) at the offices of the Company, at Beaumont Cornish Limited at 2nd Floor, Bowman House, 29 Wilson Street, London EC2M 2SJ and at Fladgate LLP at 16 Great Queen Street, London WC2B 5DG.
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DATE OF NOTIFICATION:
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28 October 2016
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NEW/ UPDATE:
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NEW
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