Sign In
Last checked at 
6 Jul 2018 07:00
07:00, 6 July 2018
Angus Energy plc
("Angus Energy" or the "Company")
Jonathan Tidswell-Pretorius Steps Down As Chairman of Angus Energy
Angus Energy announces today that, following the recent PDMR disclosures, Jonathan Tidswell-Pretorius has stepped down as the Company's Chairman with immediate effect, in conjunction with which, Mr. Tidswell-Pretorius will no longer serve as a Director of the Company.
Cameron Buchanan, currently a Non-Executive Director, has agreed to serve as Acting Non-Executive Chairman with immediate effect.
Mr. Tidswell-Pretorius will continue to work for the Company as its non- Board Operations Director, responsible for progressing all the Company's oil & gas operations.
Per the Company RNS of 3 July 18, the Board will continue its investigation into the potential violation of any relevant regulations in addition to the Company's Share Dealing Code which was not complied with in this case. Pending the results of this investigation, if completely exonerated, Angus Energy will consider re-appointing Mr. Tidswell-Pretorius to the Board as an Executive Director. The Company will update the market in due course.
The Company understands that Mr Tidswell-Pretorius is taking legal advice in relation to his rights in connection with the transfer of his shares.
Included below is the PDMR disclosure as required by Article 19 of the EU Market Abuse Regulation.
Acting Non-Executive Chairman Cameron Buchanan said, 'Angus Energy takes these circumstances and all matters of corporate governance seriously. It is our solemn duty to act on behalf of our shareholders at all times. The Board has complete confidence in Paul Vonk to lead the Company forward and that he will continue to be supported by Mr. Tidswell-Pretorius during this particularly exciting period for our operations."
Enquiries:
Angus Energy Plc | |
Paul Vonk | Tel: +44 (0) 208 899 6380 |
Beaumont Cornish (NOMAD) | |
James Biddle/ Roland Cornish | Tel: +44 (0) 207 628 3396 |
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
The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.
Jonathan Tidswell-Pretorius
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Jonathan Tidswell-Pretorius | ||||
2 | Reason for notification | |||||
a) | Position / status | Chairman
| ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Angus Energy Plc
| ||||
b) | LEI | 2138008K3RL6MQRQPD84
| ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | 39,000,000 Ordinary shares of £0.002 each in Angus Energy plc
ISIN GB00BYWKC989
| ||||
| Nature of the transaction | Disposal of shareholding
| ||||
c) | Price(s) and volumes(s) |
| ||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 7 June 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||
|
| |||||
Follow the stocks
