Director Dealing

RNS Number : 3169A
Indus Gas Limited
31 January 2011
 



For Immediate Release                                                                                       31st January 2011

 

Indus Gas Limited

("Indus" or "the Company")

 

Director Dealing

 

Indus Gas Limited (AIM: INDI.L), an oil and gas exploration and development company with assets in India, announces that on 28th January 2011 Mr Ajay Kalsi, Chief Executive Officer of Indus, sold 19,351,717 ordinary shares of GBP0.01 each in the Company ("Ordinary Shares") at a price of GBP6.50 per Ordinary Share through Arden Partners plc, NOMAD and Broker to the Company. The shares have been placed with a range of existing and new institutional shareholders with good demand in the market.

 

Following the sale, Mr and Mrs Kalsi, through Gynia Holdings Limited, have a beneficial interest of 126.48 million Ordinary Shares, representing approximately 69.15 per cent. of the issued share capital of the Company.

 

Commenting, Marc Holtzman, Chairman of Indus, said:

 

  "We are delighted with this strong level of demand from our existing and new institutional investors. This transaction will widen our shareholder base and should contribute to greater liquidity in our ongoing share trade."

 

For further information please contact:

Indus Gas Limited
 
 
Ajay Kalsi
CEO
+44 (0)20 7877 0022
John Scott
CFO
 
 
 
 
Arden Partners plc
 
 
Richard Day
 
+44 (0)20 7614 5917
Adrian Trimmings
 
 
 
 
 
Pelham PR
 
 
Philip Dennis
 
+44 (0)20 7337 1516
Elena Dobson
 
+44 (0)20 7337 1517
 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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