REG - Angus Energy PLC - Non-Executive Director Appointment

Angus EnergyAnnouncement

19/06/2024 07:00

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RNS Number : 9550S  Angus Energy PLC  19 June 2024

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.

19 June 2024

 

Angus Energy Plc

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

(AIM:ANGS)

 

Non-Executive Director Appointment

 

Angus Energy (Aim: ANGS) is pleased to announce that Antoine Vayner ("New
Director") has joined the Board of Directors as a Non-Executive Director,
representing the largest shareholder, Kemexon Ltd ("Kemexon").

 

Antoine brings considerable experience in origination and execution of a
variety of transactions in the energy space. He has previously worked for St
James's Wealth Management, the Mirabaud Group, and IDCM (Finance and M&A
advisory) in London, before taking a position in strategy and business
development of the investment arm of Kemexon.

 

Antoine's appointment reinforces Kemexon's commitment to Angus' growth and
development. The combination of Kemexon's expertise and support should enable
the Company to pursue various growth opportunities, both organic and
inorganic, that have been identified.

 

Richard Herbert, CEO of Angus, commented, "the Board welcomes Antoine's
appointment. This is part of the Angus growth story that was announced two
months ago. We have delivered oil production at Brockham as we had indicated
and are now looking at some inorganic acquisitions. We believe the combination
of Angus and Kemexon will be an important part of delivering the Angus growth
strategy".

 

Antoine Tom Alexander Vayner, aged 35, is, or has, during the last five years
been a director or partner of the following companies and partnerships:

 

Current:

Celest Invest S.A.R.L

 

Former:

None

 

Other than as disclosed above, there are no further disclosures to be made in
accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules
for Companies.

 

Kemexon currently holds 981,195,515 Ordinary Shares in the Company
representing 22.19% of the Company's issued share capital. A Relationship
Agreement has been signed to describe the normal arm's length dealings between
the Kemexon and Angus.

 

Kemexon looks forward to a long-term relationship, assisting with the
execution of the Company's growth strategy.

 

 

END

 

For further information on the Company, please visit www.angusenergy.co.uk
(http://www.angusenergy.co.uk) or contact:

Enquiries:

 

Angus Energy Plc
                www.angusenergy.co.uk
(http://www.angusenergy.co.uk)

 

Richard Herbert

Chief Executive
Director
                Via Flagstaff

 

Beaumont Cornish Limited (Nomad)      www.beaumontcornish.com
(http://www.beaumontcornish.com)

 

James Biddle / Roland Cornish                   Tel: +44 (0)
207 628 3396

 

SP Angel Corporate Finance LLP (Broker)
www.spangel.co.uk (http://www.spangel.co.uk)

 

Stuart Gledhill / Caroline Rowe / 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 onshore Energy Transition
company with a complementary portfolio of clean gas development assets,
onshore geothermal projects, and legacy oil producing fields. Angus is focused
on becoming a leading onshore UK energy infrastructure company. 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.

Disclaimers - this Announcement includes statements that are, or may be deemed
to be, "forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "forecasts", "plans", "prepares", "anticipates",
"projects", "expects", "intends", "may", "will", "seeks", "should" or, in each
case, their negative or other variations or comparable terminology, or by
discussions of strategy, plans, objectives, goals, future events or
intentions. These forward-looking statements include all matters that are not
historical facts. They appear in a number of places throughout this
Announcement and include statements regarding the Company's and the Directors'
intentions, beliefs or current expectations concerning, amongst other things,
the Company's prospects, growth and strategy. By their nature, forward-looking
statements involve risks and uncertainties because they relate to events and
depend on circumstances that may or may not occur in the future.
Forward-looking statements are not guarantees of future performance. The
Company's actual performance, achievements and financial condition may differ
materially from those expressed or implied by the forward-looking statements
in this Announcement. In addition, even if the Company's results of
operations, performance, achievements and financial condition are consistent
with the forward-looking statements in this Announcement, those results or
developments may not be indicative of results or developments in subsequent
periods. Any forward-looking statements that the Company makes in this
Announcement speak only as of the date of such statement and (other than in
accordance with their legal or regulatory obligations) neither the Company,
nor the Bookrunner nor Beaumont Cornish nor any of their respective
associates, directors, officers or advisers shall be obliged to update such
statements. Comparisons of results for current and any prior periods are not
intended to express any future trends or indications of future performance,
unless expressed as such, and should only be viewed as historical data.

Beaumont Cornish Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as nominated adviser to
the Company in relation to the matters referred herein. Beaumont Cornish
Limited is acting exclusively for the Company and for no one else in relation
to the matters described in this announcement and is not advising any other
person and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Beaumont Cornish
Limited, or for providing advice in relation to the contents of this
announcement or any matter referred to in it.

 

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