Last checked at 3 Jul 2018 07:00
For immediate release
7.00am 3 July 2018
Angus Energy plc
("Angus Energy" or the "Company")
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 |
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Jonathan Tidswell-Pretorius / Paul Vonk | Tel: +44 (0) 208 899 6380 |
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Beaumont Cornish (NOMAD) |
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James Biddle/ Roland Cornish | Tel: +44 (0) 207 628 3396 |
www.beaumontcornish.com |
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Optiva Securities Limited (BROKER) |
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Jeremy King/ Ed McDermott | Tel: +44 (0) 203 137 1902 |
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Yellow Jersey |
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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 | ||||||
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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 |
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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 |
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An event changing the breakdown of voting rights |
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Other (please specify)iii: |
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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 |
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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 ofshares 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 |
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SUBTOTAL 8. A | 28200000 | 8.67 | |||||||
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
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| SUBTOTAL 8. B 1 |
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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 | Expirationdatex | Exercise/Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
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| SUBTOTAL 8.B.2 |
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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 |
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Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) |
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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 |
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10. In case of proxy voting, please identify: | ||||
Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional informationxvi | ||||
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Place of completion |
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Date of completion | 2/07/2018 |