Finance News Oil & Gas

Angus issues shares for £3m loan

Posted on Author editorial Comments Off on Angus issues shares for £3m loan

Angus Energy plc received shareholders’ approval in yesterday’s general meeting to issue 516,033,308 shares at 0.66 pence to Kemexon Ltd in exchange for a £3 million loan.

Following the issue of the shares, Angus will have 4,142,893,340 ordinary shares in issue, each with one vote. The company holds no ordinary shares in treasury.

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Reabold requisitioned meeting set for January 2024

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