Angus Energy confirmed this morning that its chairman transferred 39 million shares to a company that appears to be less than six months old with one officer, a 20-year-old Hungarian living in Poland.
In a statement to investors, Angus said Jonathan Tidswell-Pretorius (pictured right) transferred the shares for “nil consideration” on 7 June 2018, to America 2030 Capital Limited.
Based on a share price of around 6.5p, the shares were apparently worth about £2.5m.
The statement said America 2030 Capital Ltd was based at Kemp House, 160 City Road, London, EC1V 2NX.
According to the Companies House register, America 2030 Capital Limited based at this address was incorporated on 21 February 2018.
The register has two entries for current company officers, both Elizaveta Lata. One of the entries lists her as a director with a correspondence address in the Polish city of Krakow. Her date of birth is given as March 1998 and her nationality as Hungarian.
This morning’s Angus statement said Mr Tidswell-Pretorius no longer has a notifiable interest in the company. It added that he continued to hold 500,000 ordinary shares, which represent 0.16% of the company’s issued share capital.
Yesterday, Angus announced it was investigating the transfer of shares to America 2030 Capital Limited.
It said the transfer was “in contemplation of a possible equity-linked loan” against the shareholding and that the paperwork for the possible loan was was not finalised.
Yesterday’s statement said 10.8 million shares in the transfer had already been sold by American 2030 Capital Limited.
It also said Mr Tidswell-Pretorius contested the right of American 2030 Capital Limited to sell the shares.
At the time of writing this post, Angus shares had fallen more than 15% to 5.375p.
In a separate statement to investors, Angus announced that an extra 9.3 million shares would begin trading next week following the exercise of conversion rights. This puts the total number of ordinary shares in Angus Energy at more than 316 million.