Additional Listing

RNS Number : 9909J

Igas Energy PLC

23 July 2013

 



IGas Energy Plc
("IGas Energy" or the "Company")

Additional Listing

The Company announces that on 17 July 2013, pursuant to a warrant agreement to subscribe for ordinary shares in the capital of the Company ("Ordinary Shares") dated 14 December 2011 (the "Warrant Agreement"), Macquarie Bank Limited exercised warrants to subscribe for 2,975,656 new Ordinary Shares. 

This exercise has been effected by way of a Nominal Exercise route of exercising warrants, which minimises the equity dilution of exercising such warrants as provided for by the Warrant Agreement, whereby the exercise of 5,286,645 warrants results in only 2,975,656 Ordinary Shares being issued to Macquarie at a price equal to the nominal value of the Ordinary Shares of 10 pence each.

The new Ordinary Shares will rank pari passu in all respects with the Company's existing Ordinary Shares and application has been made for the new Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange.  Dealings are likely to commence on 26 July 2013.

Following this allotment and in accordance with Disclosure and Transparency Rules, the Company's issued ordinary share capital is now comprised of 192,986,297 Ordinary Shares of 10 pence each with voting rights.

The above figure 192,986,297 may be used by shareholders as a 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, IGas Energy under the FCA's Disclosure and Transparency Rules.

For further information please contact:

IGas Energy plc	Tel: [phone]
Andrew Austin, Chief Executive Officer Stephen Bowler, Chief Financial Officer
M Communications	Tel: [phone]
Ann-Marie Wilkinson Andrew Benbow
Jefferies International Limited	Tel: [phone]
Sara Hale  Graham Hertrich
Canaccord Genuity	Tel: [phone]
Giles Fitzpatrick Tim Redfern

 

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