Our team: Paul Airley
Fladgate has advised AIM listed Angus Energy plc in connection with its application for listing up to £3.5m sterling denominated secured bonds with an 8.5% coupon due 30 June 2022 (NEX Bonds) to trading on the NEX Exchange Growth Market.
Angus Energy expects to issue the NEX Bonds in tranches, up to a total value of £3.5m, with the first tranche provisionally expected to be issued on or about 23 March 2017. The listing establishes a facility through which the company can issue debt via the NEX Bonds to fund development assets.
Angus Energy is an independent UK onshore oil and gas development, production and operations company and OGA-approved operator.
Capital markets partner Paul Airley led the Fladgate team.
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