Additional Listing

RNS Number : 9230C

Igas Energy PLC

22 January 2015

 



22 January 2015

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

Additional Listing

The Company announces that application has been made to the London Stock Exchange for a blocklisting totalling 500,000 Ordinary Shares of 10p each to trade on the AIM market of London Stock Exchange to satisfy the issue of shares under the IGas Energy plc Share Incentive Plan ("SIP"). The shares shall rank equally with the existing issued shares of the Company and consists of 500,000 Ordinary Shares of 10p each.

ENQUIRIES

For further information please contact:

IGas Energy plc                                                                                                                Tel: [phone]

Andrew Austin, Chief Executive Officer

Stephen Bowler, Chief Financial Officer

Jefferies International Limited                                                                                     Tel: [phone]

Sara Hale 

Graham Hertrich

Canaccord Genuity                                                                                                          Tel: [phone]

Tim Redfern

Henry Fitzgerald-O'Connor

IGas SIP

In 2013, the Company adopted an Inland Revenue approved Share Investment Plan for all employees of the Group. The scheme is a tax efficient incentive plan pursuant to which all Company employees are eligible to subscribe for up to GBP150 (or 10% of salary, if less) worth of IGas ordinary shares per month. On a three-monthly basis, the Company matches employees' monthly subscriptions on a 1-to-1 basis and, subject to the Company having met pre-defined quarterly production targets, will increase the matching element for that quarter to 2-to-1. To receive their allocation of matching shares, employees must ordinarily remain employed by the Company for a period of 3 years.

 

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