ANGUS ENERGY PLC

Major Shareholding Notification • Apr 21, 2023

National Storage Mechanism | Additional information

RNS Number : 1199X

Angus Energy PLC

21 April 2023

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.

21 April 2023

Angus Energy Plc

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

(AIM:ANGS)

Director/PDMR Shareholding

The Company has been informed that Paul Forrest, Non-Executive Director, on 20 April 2023 sold 107,750,000 Ordinary Shares of 0.002p each ("Ordinary Shares") at an average price of 1.8 pence per Ordinary Share. Paul Forrest's total shareholding in the Company is now 375,606,061 Ordinary Shares representing 10.46 per cent. of the Company's issued share capital. In line with what was previously agreed, this disposal by Forum Energy Services Ltd represents the final permitted sale for this quarter.

END

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

Enquiries:

Angus Energy Plc                                              www.angusenergy.co.uk

George Lucan                                                    Tel: +44 (0) 208 899 6380

Beaumont Cornish Limited (Nomad)      www.beaumontcornish.com

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

WH Ireland Limited (Broker)

Katy Mitchell / Harry Ansell                           Tel: +44 (0) 207 220 1666

Flagstaff PR/IR                                                  angus@flagstaffcomms.com

Tim Thompson / Fergus Mellon                  Tel: +44 (0) 207 129 1474

Aleph Commodities                                       info@alephcommodities.com

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.

TR-1: Standard form for notification of major holdings

GB00BYWKC989

ISIN

Issuer Name

UK or Non-UK Issuer

1. Details of person subject to the notification obligation             Name

Forum Energy Services Limited

City of registered office (if applicable)

Country of registered office (if applicable)

1. Details of the shareholder                                                            

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

1. Date on which the threshold was crossed or reached               

1. Date on which Issuer notified                                                      

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer

Resulting situation on the date on which threshold was crossed or reached	10.461417	0.000000	10.461417	375606061
Position of previous notification (if applicable)	13.922040	0.000000	13.922040

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GB00BYWKC989	375606061	0	10.461417	0.000000
Sub Total 8.A	375606061		10.461417%

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Sub Total 8.B2

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

1. Additional Information                                                               

1. Date of Completion                                                                     

1. Place Of Completion                                                                    

PDMR Notification reference 00304735

Must complete either for a natural person or a legal person. If completing for a legal person, please include the legal form as provided for in the register where it is incorporated, if applicable.

Name of natural person

Legal person                                                          FORUM ENERGY SERVICES LIMITED

For persons discharging managerial responsibilities:

- The position occupied within the issuer or emission allowance market participant should be indicated e.g. CEO, CFO.

For persons closely associated with:

- An indication that the notification concerns a person closely associated with a person discharging managerial responsibilities;

- Name and position of the relevant person discharging managerial responsibilities

Position/status                                                      Non-Executive Director

Initial notification/amendment                          Initial Notification

Full name of the entity                                         ANGUS ENERGY PLC

Legal Entity Identifier code                                2138008K3RL6MQRQPD84

In accordance with ISO 17442 LEI code.

	Price	Volume	Total
0.02	107750000	1889080.54
Aggregated	0.018	107750000	1889080.54

Date Of Transaction	Financial Instrument	Identification Code	Place Of Transaction	Currency
2023-04-20	Ordinary Shares	GB00BYWKC989	UK	GBP - British Pound
Nature Of Transaction: Disposal

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