RE: Why all the sells?3 Jul 2018 12:50
RealAanalyst<br /><br />It seems likely reading the RNS released this morning that it was not Bergen but Tidswell- Pretorious shares that were being sold.<br /><br />Someone somewhere is telling porkies and cost some who were holding this share dearly. Don't think we have heard the last of this??<br />There was talk of this on the board last week but the posts were rubbished by the usual suspects who assured everyone it was Bergen selling!!! <br /><br />The Company sets out below the following TR-1 notification the “July TR1) as received late yesterday which is reproduced below without amendment<br />. <br />This follows the TR-1 announcement released by the <br />Company on Friday 29 June 2018. The Company believes that the ‘Position of previous notification’ included in the July.<br />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<br />June 2018 has been transferred to America 2030 Capital Limited “America 2030); and that 10,800,00 Ordinary Shares have now been disposed of . As per the 29 June 2018 announcement,<br /> Mr Tidswell-Pretorius acknowledges that 39,000,000 Ordinary <br />Shares held by<br />him were transferred to America 2030 in contemplation of a possible equity linked loan against his shareholding;<br />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.<br /> loan was never finalised nor has he authorised any share sales on his behalf. The Company will continue to investigate this matter as a <br />matter of priority and update the Market as and when there is anything further to report. <br /><br />http://www.angusenergy.co.uk/wp-content/uploads/2018/07/ANGUS-PDMR-02.07.18.pdf<br /><br />