Director/PDMR Shareholding

RNS Number : 9585S

Indus Gas Limited

06 December 2012

 



For Immediate Release                                                                                 6 December 2012

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 today Gynia Holdings Limited has sold 8,493,583 ordinary shares of GBP 0.01 each in the Company ("Ordinary Shares") at a price of GBP 10.85 per Ordinary Share through Arden Partners plc, NOMAD and Broker to the Company. The Ordinary Shares have been placed with a range of new and existing institutional shareholders with strong demand in the market.

Following the sale, the Company's Chief Executive Officer as set out in the 2012 Annual Report, through Gynia Holdings Limited, has a beneficial interest of 117,992,952 Ordinary Shares, representing approximately 64.5 per cent of the issued share capital of the Company.

Commenting, Marc Holtzman, Chairman of Indus, said:

"This transaction further widens our shareholder base and should contribute to greater liquidity for our ongoing share trading. We are delighted with this strong level of demand from our existing and new institutional investors."

-ENDS-

For further information please contact:

Indus Gas Limited
John Scott	CFO	[phone]
Arden Partners plc
Richard Day		[phone]
Adrian Trimmings
Pelham Bell Pottinger
Philip Dennis		[phone]

Elena Dobson                                                                               [phone]

 

END

 

 

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