Angus Energy plc has issued 25 million new ordinary shares each at 0.40 pence as part payment of £750,000 fees to secure Trafigura‘s £20m loan The outstanding amount of the total 187.5m fee shares due to Aleph Commodities Ltd are subject to further authorisation at Angus’ general meeting on 14 March 2024. Following admission, the […]
Tag: Trafigura
Angus signs definitive £20m Trafigura loan
Angus Energy plc will refinance its existing debt and further onshore oil and gas operations after signing a £20 million loan with a subsidiary of Trafigura Group PTE Ltd. COMPRESSOR The definitive documentation to draw down in full on the facility is based on terms agreed at the end of 2023. These include transfer of […]
Angus signs MoU with Trafigura for gas storage
Angus Energy plc has signed a memorandum of understanding with a subsidiary of Trafigura Group Pte Ltd for gas storage at its Saltfleetby gas field in Lincolnshire. OFF-TAKE Angus believes the site to be “volumetrically the UK’s largest onshore gas field and its largest potential subsurface porous rock storage reservoir”. Both parties will also collaborate […]
Angus grants 30m incentive share options
Angus Energy plc granted 30 million share options under its existing employee incentive schemes to its employees. The company said that the grant, from 19 January, reflected the management’s efforts in achieving successful operations at the Saltfleetby gas field. The share options have an exercise price of 0.67 pence per share and a 10-year term […]