Issue of New Shares

RNS Number : 4359Z
Independent Oil & Gas PLC
15 December 2017
 

 

15 December 2017

Independent Oil and Gas plc

 

Issue of New Shares

 

Independent Oil and Gas plc ('IOG' or the 'Company) (AIM:IOG.L), the development and production focused oil and gas company, has today issued a total of 42,835 ordinary shares ('New Ordinary Shares') in the capital of the Company.

On 2 November 2017, a notice was submitted by a former contractor to exercise 42,835 1p options over Ordinary Shares awarded to him, pursuant to a share option agreement dated 1 September 2017.

The Company has applied to the London Stock Exchange for admission of the New Ordinary Shares to trading on AIM ('Admission').  Admission is expected to occur on 20 December 2017.  Following Admission there will be 109,730,369 Ordinary Shares in issue.  Accordingly, this number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

 

-ENDS-

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

Enquiries:

Independent Oil and Gas plc

Mark Routh (CEO)

James Chance (CFO)

+44 (0) 20 3879 0510

finnCap Ltd

Christopher Raggett / Anthony Adams
(Corporate Finance)

+44 (0) 20 7220 0500

Camarco

Georgia Edmonds / Tom Huddart

+44 (0) 20 3757 4980

Notes

About Independent Oil and Gas:

IOG owns substantial low risk, high value gas Reserves in the UK Southern North Sea. The Company is targeting a 2P peak production rate in excess of 200 MMcfd (c. 35,000 Boe/d) from its substantial current portfolio via an efficient hub strategy. Alongside this it continues to pursue value accretive acquisitions, to generate significant shareholder returns.  All IOG's Licences are owned 100% and operated by IOG.

Further information can be found on www.independentoilandgas.com


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