ANGUS ENERGY PLC

Major Shareholding Notification • Jan 18, 2022

National Storage Mechanism | Additional information

RNS Number : 8303Y

Angus Energy PLC

18 January 2022

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Angus Energy Plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Angus Energy Plc
(d) Is the discloser the offeror or the offeree?	OFFEREE
(e) Date position held:      The latest practicable date prior to the disclosure	17 January 2022
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	N/A

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security:	0.2pence Ordinary Shares
	Interests		Short positions
Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	0	Nil	0
(2) Cash-settled derivatives:	Nil	0	Nil	0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	0	Nil	0
TOTAL:	Nil	0	Nil	0

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b)        Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

a)  Interests held by directors and employees of Angus Energy Plc or persons acting in concert and their close relatives and related trusts (excluding the options and awards set out below):

Name	Number of relevant securities (all Angus Energy Plc ordinary shares unless otherwise indicated)	% of issued ordinary share capital
Patrick Clanwilliam	2,515,152	0.23
George Lucan	2,174,880*	0.19
Cameron Buchanan	1,096,954	0.10
Carlos Fernandes	1,080,109	0.09
Andrew Hollis	0	0
…

* 2,174,880 Ordinary Shares are held by Anne-Sofie Lucan, the wife of George Lucan

b)  Options and awards held by directors and certain employees of Angus Energy Plc in Angus Energy Plc shares.

Name	Date of Grant	Options/ Warrants over Number of Shares	Exercise Price (£)	Vesting Date	Cancellation Date
Patrick Clanwilliam	17/07/2019	3,100,000	0.02	17/07/2019	15/07/2029
George Lucan	17/07/2019 04/02/2021	3,100,000 5,000,000	0.02 0.015	17/07/2019 04/02/2021	15/07/2029 03/02/2031
Cameron Buchanan	14/11/2016 24/08/2018 17/07/2019	1,074,901 650,000 3,100,000	0.06 0.08 0.02	14/11/2016 24/08/2018 17/07/2019	13/11/2026 22/08/2028 15/07/2029
Carlos Fernandes	14/11/2016 24/08/2018 17/07/2019 04/02/2021	2,149,803 2,000,000 3,100,000 5,000,000	0.06 0.08 0.02 0.015	14/11/2016 24/08/2018 17/07/2019 04/02/2021	13/11/2026 22/08/2028 15/07/2029 03/02/2031
Andrew Hollis	14/11/2016 24/08/2018 17/07/2019 04/02/2021	2,949,803 1,000,000 3,100,000 5,000,000	0.06 0.08 0.02 0.015	14/11/2016 24/08/2018 17/07/2019 04/02/2021	13/11/2026 22/08/2028 15/07/2029 03/02/2031

c)  Interests held by other persons presumed to be acting in concert with Angus Energy Plc 

Name	Date of Grant	Warrants over Number of Shares	Exercise Price (£)	Vesting Date	Cancellation Date
WH Ireland Limited	30/04/2019 29/09/2020 09/04/2021 09/12/2021	3,541,235 5,555,555 5,250,000 3,461,538	.0425 0.009 0.01 0.0065	30/04/2019 29/09/2020 09/04/2021 09/12/2021	30/04/2022 29/09/2023 09/04/2023 09/12/2024

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"
None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"
None

(c)        Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

###### Date of disclosure:	18 January 2022
###### Contact name:	Carlos Fernandes
###### Telephone number:	020 8899 6380

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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