Angus Energy Notes Repayment Of GBP200,000 Loan Made To Former Chair

(Alliance News) - Angus Energy PLC said Tuesday that a GBP200,000 loan made to former Chair ...

Alliance News 7 January, 2020 | 11:33AM
Email Form

(Alliance News) - Angus Energy PLC said Tuesday that a GBP200,000 loan made to former Chair Jonathan Tidswell-Pretorius has been repaid in full.

Tidswell-Pretorius left as chair of the onshore oil & gas firm in July 2018 when Angus opened an investigation into a possible share dealing code violation.

Angus said at the time Tidswell-Pretorius had a 12% stake in the company, worth 39 million shares.

Tidswell-Pretorius, it said, had confirmed those shares were transferred to America 2030 Capital related to a potential loan against his shareholding. Some 10.8 million of these shares were then sold.

Tidswell-Pretorius contested America 2030's right to sell the shares given he never authorised them to and that no documentation for a possible loan was ever finalised, Angus said.

Shares in Angus Energy - which is based in London - were up 6.7% at 0.88 pence on Tuesday.

By Dayo Laniyan;

Copyright 2020 Alliance News Limited. All Rights Reserved.

Email Form

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Angus Energy PLC 0.75 GBX 0.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation

By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies