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Angus Energy PLC (ANGS)

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Tuesday 03 July, 2018

Angus Energy PLC

Director/PDMR Shareholding

RNS Number : 3439T
Angus Energy PLC
03 July 2018
 

For immediate release

7.00am 3 July 2018

Angus Energy plc

PDMR Shareholding

The Company sets out below the following TR-1 notification (the "July TR-1") as received late yesterday which is reproduced below without amendment. This follows the TR-1 announcement released by the Company on Friday 29 June 2018. The Company believes that the 'Position of previous notification' included in the July TR-1 below, being an interest of 12% of the Company's voting rights, represents the shareholding of the Company's Chairman, Jonathan Tidswell-Pretorius. Therefore, it would appear that the July TR-1 has been submitted on the basis that ownership of the 39,000,000 Ordinary Shares held by Mr Tidswell-Pretorius as per the TR-1 released on 29 June 2018 has been transferred to America 2030 Capital Limited ("America 2030"); and that 10,800,000 Ordinary Shares have now been disposed of. As per the 29 June 2018 announcement, Mr Tidswell-Pretorius acknowledges that 39,000,000 Ordinary Shares held by him were transferred to America 2030 in contemplation of a possible equity linked loan against his shareholding; however, he contests America 2030's rights to sell any of these shares on the basis that the associated documentation in relation to a possible loan was never finalised nor has he authorised any share sales on his behalf. The Company will continue to investigate this matter as a matter of priority and update the Market as and when there is anything further to report.

 

Enquiries:

Angus Energy Plc

 

Jonathan Tidswell-Pretorius / Paul Vonk

Tel: +44 (0) 208 899 6380

 

 

Beaumont Cornish (NOMAD)

 

James Biddle/ Roland Cornish

Tel: +44 (0) 207 628 3396

www.beaumontcornish.com

 

 

 

Optiva Securities Limited (BROKER)

 

Jeremy King/ Ed McDermott

Tel: +44 (0) 203 137 1902

 

 

Yellow Jersey

 

Tim Thompson

Tel: +44 (0) 203 735 8825

 

 

About Angus Energy plc.

 

Angus Energy plc. is a UK AIM quoted independent onshore oil and gas production and development company focused on leveraging its expertise to advance its portfolio of UK assets as well as acquire, manage and monetise select projects. Angus Energy majority owns and operates conventional oil production fields at Brockham (PL 235), Lidsey (PL 241) and the Balcombe Licence (25% interest in PEDL244). The Company has a 12.5% interest in the Holmwood licence (PEDL143).

Further information is available on the company website:  www.angusenergy.co.uk

 

 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

 

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Angus Energy Plc.

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

Non-UK issuer

 

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

x

An acquisition or disposal of financial instruments

 

An event changing the breakdown of voting rights

 

Other (please specify)iii:

 

3. Details of person subject to the notification obligationiv

Name

Angus Energy Plc.

City and country of registered office (if applicable)

London, UK

4. Full name of shareholder(s) (if different from 3.)v

Name

America 2030 Capital Limited

City and country of registered office (if applicable)

London, UK

5. Date on which the threshold was crossed or reachedvi:

02/07/2018

6. Date on which issuer notified (DD/MM/YYYY):

02/07/2018

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

 

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

8.67

 

8.67

28200000

Position of previous notification (if

applicable)

12

 

12

 

             

 

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

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

 

28200000

 

8.67

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. A

28200000

8.67

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. B 1

 

 

 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8.B.2

 

 

 

 

 

                   

 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

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) issuerxiii

 

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
xiv (please add additional rows as necessary)

 

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

America 2030 Capital Limited

8.67

 

8.67

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10. In case of proxy voting, please identify:

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

 

11. Additional informationxvi

 

         

 

Place of completion

 

Date of completion

2/07/2018

 


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