Result of General Meeting
Angus Energy PLC announced that all resolutions were passed at its General Meeting, satisfying the conditions for its restructuring and fundraising, with trading expected to resume on AIM on July 14, 2026. The company's balance sheet has been strengthened, its capital structure simplified, and long-term financing secured, positioning Angus for growth. Following Admission of new Ordinary Shares, the total voting rights will be 8,011,893,414. Additionally, the Finance Director and Chief Operating Officer participated in the fundraise, acquiring 12,500,000 ordinary shares each at 0.2 pence per share on June 24, 2026.
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Angus Energy (AIM: ANGS) is pleased to announce that at the Company's General Meeting held earlier today all resolutions were duly passed. Accordingly, all shareholder approvals required to complete the Company's previously announced restructuring and fundraising have now been obtained and all material conditions to the transaction have been satisfied.
With the Company's financial position now clarified, the Company expects the restoration of trading in its ordinary shares on AIM to take place at 7.30 a.m. tomorrow, 14 July 2026 and Admission of the new Ordinary Shares to take place at 8.00 a.m. tomorrow.
The Board believes the successful completion of the restructuring represents a transformational milestone in the Company's development. Having materially strengthened the balance sheet, simplified the capital structure and secured long-term financing, Angus is entering its next phase from a position of financial strength, with a clear strategy to grow production, increase cash generation, and deliver sustainable long-term value for shareholders through organic and inorganic growth.
The results of the proxy voting were:
| Resolution | In favour | Against | Discretionary | Withheld |
|---|---|---|---|---|
| 1. Directors' authority to allot shares | 98.50% | 1.18% | 0.00% | 0.33% |
| 2. Disapplication of pre-emption rights | 98.01% | 1.66% | 0.00% | 0.33% |
Carlos Fernandes, Finance Director comments: "This is an important day for Angus. Completing the restructuring removes the legacy issues that have constrained the Company and gives us the financial platform to focus on what we do best - operating and growing our business. We look forward to the resumption of trading tomorrow and to delivering the operational milestones that we believe will drive value for all shareholders."
Total Voting Rights
Upon Admission of the New Ordinary Shares, the Company's issued ordinary share capital will consist of 8,011,893,414 Ordinary Shares in issue, each carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 8,011,893,414.
With effect from Admission, the above figure may be used by Shareholders as the denominator for the purposes of calculating whether they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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
| a) | Name | 1. Carlos Fernandes 2. Ross Pearson |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Finance Director 2. Chief Operating Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Angus Energy Plc |
| b) | LEI | 2138008K3RL6MQRQPD84 |
| a) | Description of the financial instrument, type of instrument Identification code | Acquisition of Ordinary Shares of £0.002 each Identification code (ISIN) for Angus Energy plc ordinary shares: GB00BYWKC989 |
| b) | Nature of the transaction | Participation in Fundraise |
| c) | Price(s) and volume(s) | Name Price(s) Volume(s) 1. Carlos Fernandes 2. Ross Pearson 0.2 pence 0.2 pence 12,500,000 12,500,000 |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 24 June 2026 |
| f) | Place of the transaction | London Stock Exchange, AIM |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.