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Financial Restructuring Update

Today 07:00

RNS Number : 9086G
Angus Energy PLC
04 June 2026
 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 4 June 2026

Angus Energy PLC

 ("Angus Energy", the "Company" or together with its subsidiaries, the "Group")

(AIM:ANGS)

 

Financial Restructuring Update

 

Angus Energy announces that further to previous announcements (most recently on 20 April 2026), the Company continues to make good progress on the legally binding documentation associated with its proposed financial restructuring. Although progress to final binding agreements has been slower than anticipated, the Company is confident that the restructuring process will conclude in the coming weeks.

 

Upon execution, the proposed restructuring is expected to materially strengthen the Group's balance sheet, enhance liquidity, and establish a more sustainable long-term capital structure.

 

In the meantime, the Board continues to prudently manage working capital in close coordination with its lenders.

 

Suspension of Trading on AIM

Trading in the Company's shares on AIM will resume on completion of the restructuring.

 

The Board remains focused on strengthening the Company's long-term position and will provide further updates as the restructuring progresses.

 

END

For further information please visit www.angusenergy.co.uk.

Angus Energy Plc  

 

Carlos Fernandes

Finance Director Via Flagstaff

SP Angel Corporate Finance LLP (Nomad and Broker)  www.spangel.co.uk

 

Stuart Gledhill / Jen Clarke / Richard Hail Tel: +44 (0)20 3470 0470

Flagstaff PR/IR  angus@flagstaffcomms.com

 

Tim Thompson / Fergus Mellon / Alison Alfrey Tel: +44 (0) 207 129 1474

 

About Angus Energy plc

 

Angus Energy plc is a UK AIM quoted independent oil and gas company. Angus is the leading onshore gas producer in the UK and has ambitious plans to grow onshore production and diversify internationally. Angus Energy has a 100% interest in the Saltfleetby Gas Field (PEDL005), majority owns and operates conventional oil production fields at Brockham (PL 235) and Lidsey (PL 241) and has a 25% interest in the Balcombe Licence (PEDL244). Angus Energy operates all fields in which it has an interest.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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Date   Source Headline
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19th Feb 20245:38 pmRNSShort term extension to £6m Bridge Facility
19th Jan 20248:01 amRNSUpdate on Financing and Options Award
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30th May 20237:00 amRNSSaltfleetby Field: Production and Pricing Update
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18th Apr 20234:30 pmRNSDirector/PDMR Shareholding
18th Apr 20237:00 amRNSSaltfleetby Sidetrack Well Test Results
13th Apr 20237:00 amRNSDirector/PDMR Shareholding

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