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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
22nd Dec 202010:23 amRNSHolding(s) in Company
16th Dec 20205:20 pmRNSResult of Placing
16th Dec 20204:30 pmRNSProposed Placing
30th Nov 20207:00 amRNSMOU signed for Saltfleetby Debt Funding
9th Nov 20201:31 pmRNSResult of Meeting
4th Nov 20207:00 amRNSOperational Update & Final conversion of notes
21st Oct 20204:11 pmRNSNotice of GM and increase in interest in Brockham
16th Oct 20207:00 amRNSHolmwood Licence Update
8th Oct 20203:21 pmRNSWork Commencing on Pipeline at Saltfleetby
1st Oct 20207:00 amRNSTotal Voting Rights
28th Sep 20201:57 pmRNSFurther Repayment of Riverfort Loan Facility
23rd Sep 20201:01 pmRNSNotice of Investor and Analyst Conference Call
23rd Sep 20209:44 amRNSResult of Placing
23rd Sep 20207:00 amRNSProposed Placing and Proposed debt facility
27th Aug 20204:09 pmRNSBrockham Update: Variation of EA application
25th Aug 20205:26 pmRNSFurther Repayment of Riverfort Loan Facility
20th Aug 20201:58 pmRNSBalcombe Planning Application
18th Aug 20204:05 pmRNSReduced Decommissioning Liability
13th Aug 20205:04 pmRNSHolding(s) in Company
13th Aug 202011:05 amRNSSecond Price Monitoring Extn
13th Aug 202011:00 amRNSPrice Monitoring Extension
13th Aug 20207:00 amRNSBalcombe Update
12th Aug 20209:08 amRNSAgreement for the Purchase of Gas from Saltfleetby
11th Aug 20207:00 amRNSSaltfleetby Pipeline Timetable
7th Aug 20205:00 pmRNSPlanning Permission for Saltfleetby Pipeline
24th Jul 20201:45 pmRNSFurther Repayment of Riverfort Loan Facility
9th Jul 20202:45 pmRNSOperations Update
23rd Jun 202010:47 amRNSHalf-year Report
22nd Jun 20204:56 pmRNSFurther Repayment of Riverfort Loan Facility
12th Jun 20207:00 amRNSSatfleetby Planning Update
4th Jun 20207:00 amRNSOperations and Planning Update
21st May 202011:23 amRNSFurther Repayment of Riverfort Loan Facility
5th May 20207:00 amRNSNotice of Investors Conference Call
1st May 20207:00 amRNSOperations and Planning Update
24th Apr 20204:11 pmRNSNotice of Investor Conference Call
20th Apr 20207:00 amRNSIssue of £1.4 million Convertible Loan Note
30th Mar 20201:53 pmRNSResult of AGM
24th Mar 20205:06 pmRNSAGM Arrangements
23rd Mar 202010:07 amRNSHolding(s) in Company
19th Mar 20209:59 amRNSAGM Arrangements
18th Mar 202011:05 amRNSSecond Price Monitoring Extn
18th Mar 202011:00 amRNSPrice Monitoring Extension
17th Mar 20204:13 pmRNSBalcombe Oil Field Planning Application
9th Mar 20209:00 amRNSPrice Monitoring Extension
5th Mar 20202:06 pmRNSSecond Price Monitoring Extn
5th Mar 20202:00 pmRNSPrice Monitoring Extension
5th Mar 202011:53 amRNSLoan Balance Reduction
5th Mar 20207:30 amRNSSaltfleetby Gas Field – Competent Persons Report
5th Mar 20207:00 amRNSAnnual Report and Accounts and Notice of AGM
18th Feb 20204:41 pmRNSLoan Balance Reduction

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