Angus Energy has appointed Antoine Vayner to the board as a non-executive director, representing its largest shareholder Kemexon Ltd. The company said that his appointment should enable it to pursue identified growth opportunities. Mr Vayner is experienced in origination and execution of a variety of transactions in the energy sector. He previously worked for St […]
Tag: Kemexon Ltd
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.
Angus agrees £3m loan with Kemexon
Angus Energy plc has agreed a £3 million junior debt facility from commodity trading house and the company’s 9.91% shareholder Kemexon Ltd. BRIDGE FACILITY The ‘bridge facility’ has an initial term of three months, extendable by paying a 3% roll fee for a further three months. The debt is priced at SONIA* + 15% and commits the company to issue […]