ANGUS ENERGY PLC

Board/Management Information • Jul 6, 2018

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RNS Number : 7914T

Angus Energy PLC

06 July 2018

07:00, 6 July 2018

Angus Energy plc

("Angus Energy" or the "Company")

Jonathan Tidswell-Pretorius Steps Down As Chairman of Angus Energy

Angus Energy announces today that, following the recent PDMR disclosures, Jonathan Tidswell-Pretorius has stepped down as the Company's Chairman with immediate effect, in conjunction with which, Mr. Tidswell-Pretorius will no longer serve as a Director of the Company.

Cameron Buchanan, currently a Non-Executive Director, has agreed to serve as Acting Non-Executive Chairman with immediate effect.

Mr. Tidswell-Pretorius will continue to work for the Company as its non- Board Operations Director, responsible for progressing all the Company's oil & gas operations. 

Per the Company RNS of 3 July 18, the Board will continue its investigation into the potential violation of any relevant regulations in addition to the Company's Share Dealing Code which was not complied with in this case. Pending the results of this investigation, if completely exonerated, Angus Energy will consider re-appointing Mr. Tidswell-Pretorius to the Board as an Executive Director. The Company will update the market in due course.

The Company understands that Mr Tidswell-Pretorius is taking legal advice in relation to his rights in connection with the transfer of his shares.

Included below is the PDMR disclosure as required by Article 19 of the EU Market Abuse Regulation.

Acting Non-Executive Chairman Cameron Buchanan said, 'Angus Energy takes these circumstances and all matters of corporate governance seriously. It is our solemn duty to act on behalf of our shareholders at all times.  The Board has complete confidence in Paul Vonk to lead the Company forward and that he will continue to be supported by Mr. Tidswell-Pretorius during this particularly exciting period for our operations."

Enquiries:

Angus Energy Plc
Paul Vonk	Tel: +44 (0) 208 899 6380
Beaumont Cornish (NOMAD)
James Biddle/ Roland Cornish	Tel: +44 (0) 207 628 3396
Optiva Securities Limited (BROKER)
Jeremy King/ Ed McDermott	Tel: +44 (0) 203 137 1902
Yellow Jersey
Tim Thompson	Tel: +44 (0) 203 735 8825

About Angus Energy plc.

Angus Energy plc. is a UK AIM quoted independent onshore oil and gas production and development company focused on leveraging its expertise to advance its portfolio of UK assets as well as acquire, manage and monetise select projects. Angus Energy majority owns and operates conventional oil production fields at Brockham (PL 235), Lidsey (PL 241) and the Balcombe Licence (25% interest in PEDL244). The Company has a 12.5% interest in the Holmwood licence (PEDL143).

Further information is available on the company website:  www.angusenergy.co.uk

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.  

Jonathan Tidswell-Pretorius

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Jonathan Tidswell-Pretorius

2

Reason for notification

a)

Position / status

Chairman

b)

Initial notification

/Amendment

Initial

3

Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Angus Energy Plc

b)

LEI

2138008K3RL6MQRQPD84

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description  of  the financial instrument, type of instrument

Identification code

39,000,000 Ordinary shares of £0.002 each in Angus Energy plc

ISIN GB00BYWKC989

Nature of the transaction

Disposal of shareholding

c)

Price(s) and volumes(s)

Price(s)	Volumes(s)
nil	39,000,000

d)

Aggregated information

n/a

e)

Date of the transaction

7 June 2018

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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