Additional Listing

RNS Number : 0466W

Igas Energy PLC

22 April 2016

 

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 700,000 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. It is expected that admission will become effective on or around 25 April 2016.

ENQUIRIES

For further information please contact:

IGas Energy plc                                                                                                                     Tel: [phone]

Stephen Bowler, Chief Executive Officer

Julian Tedder, Chief Financial Officer

Ann-marie Wilkinson, Head of Communications

Jefferies International Limited                                                                                     Tel: [phone]

Simon Hardy

Graham Hertrich

Canaccord Genuity                                                                                                             Tel: [phone]

Henry Fitzgerald-O'Connor

About the 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.

 

END

 

 

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