Director Dealing

RNS Number : 0793R

Indus Gas Limited

24 June 2015

 

For Immediate Release

24 June 2015

Indus Gas Limited

("Indus" or "the Company")

Director Dealing

Indus Gas Limited (AIM:INDI.L), an oil & gas exploration and development company with assets in India, announces that it was informed yesterday, Gynia Holdings Limited has purchased 17,078,672 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 125p per Ordinary Share. Ajay Kalsi, the Company's Chief Executive Officer ultimately holds 100 per cent of the shares in Gynia Holdings Limited.

Following the share purchase, Gynia Holdings Limited, holds 151,237,108 Ordinary Shares, representing approximately 82.66 per cent of the issued share capital of the Company.

In accordance with the relationship agreement entered into by the Company, Gynia Holdings Limited, Ajay Kalsi and others at the time of IPO, this transaction was entered into at arms length and on commercial terms.

-ENDS-

For further information please contact:

Indus Gas Limited

Peter Cockburn

John Scott    [phone]

Arden Partners plc

Steve Douglas    [phone]

Bell Pottinger PR

Philip Dennis   [phone]

 

END

 

 

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