Angus Energy plc received shareholders’ approval in yesterday’s general meeting to issue 516,033,308 shares at 0.66 pence to Kemexon Ltd in exchange for a £3 million loan. Following the issue of the shares, Angus will have 4,142,893,340 ordinary shares in issue, each with one vote. The company holds no ordinary shares in treasury.
Tag: Angus Energy plc
Angus to resume testing at Balcombe
Angus Energy plc will restart testing the Balcombe well site in West Sussex, after the High Court dismissed a judicial review from objectors. HYDRAULIC FRACTURING The Balcombe-2Z well was drilled almost a decade ago, and in November 2018 the company as operator conducted a short-term, inconclusive test. Project partners of PEDL244 at the time comprised […]
Angus technical director Andrew Hollis steps down
Angus Energy plc technical director Andrew Hollis has formally stepped down as part of a series of changes announced in March. He previously left the board as the company focuses on the aggregation, production and storage of gas.
Angus appoints Patrick Clanwilliam as interim chairman
Angus Energy plc non-executive director Patrick Clanwilliam has become interim executive chairman until a permanent candidate is appointed. Formerly non-executive chairman, Mr Clanwilliam takes over from George Lucan who left the post in July and the board on 14 August as planned.
Angus Energy CEO buys 3.3m shares
Angus Energy plc chief executive officer Richard Herbert bought 3,300,000 ordinary shares of 0.002p each in the company at an average price of 0.75434 per ordinary share. Mr Herbert’s holding totals the same number of shares for £24,893 representing 0.09% of Angus’ issued share capital.
Angus in talks to refinance debts with $25m loan
Angus Energy plc has signed a non-binding conditional agreement for an 18-month loan of up to US$25 million with Aleph Commodities Ltd. If both parties proceed, the funds will refinance the £7.35m outstanding under the senior facility and the £3m and £6m bridge loans. The company is also in discussions with another financial provider for […]