RNS - PDMR Shareholding3 Jul 2018 08:18
https://www.investegate.co.uk/angus-energy-plc/rns/director-pdmr-shareholding/201807030700103439T/
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.