Angus Energy plc shareholders backed the issue of 226,513,000 fee shares to Aleph Commodities Ltd in relation to February’s £20m Trafigura financing.
Approval was given at the company’s general meeting on 14 March.
On admission, Angus will have 4,394,406,340 ordinary shares in issue, each with the right to one vote. The company holds no ordinary shares in treasury.