Angus Energy Issues Shares for Royalty Settlement

Angus Energy (GB:ANGS) has released an update.

Angus Energy PLC has announced the issuance of 27,448,470 new Ordinary Shares to settle its March 2024 royalty payments for Saltfleetby Field production, with shares priced at a 15% discount based on the recent volume-weighted average price. The shares are expected to begin trading on the AIM market of the London Stock Exchange from April 15, 2024. This move increases Angus Energy’s total issued share capital to 4,421,854,810 Ordinary Shares, each with voting rights.

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