Approval of Bond Amendment Terms

RNS Number : 0309V

Igas Energy PLC

04 August 2015

 

4 August 2015

IGas Energy plc (AIM: IGAS)

("IGas")

Approval of Bond Amendment Terms

IGas is pleased to announce that at the bondholders' meetings for the IGas senior secured and senior unsecured bond issues, held today, the requested amendments of the bond terms were approved. The resolutions in respect of the secured bonds obtained 98.57% of the votes, whilst 100% of the votes were obtained in respect of the unsecured bonds.

The amendments, as set out in the announcement of 10 July 2015 and found in the Summons which can be viewed at http://www.igasplc.com/investors/company-publications, align IGas' accounting periods with its operating partners, reflecting the operational and financial developments of the business following the completion of the farm-out with INEOS Upstream Ltd, and provide improved reporting for stakeholders.

The notices from the bondholders' meetings will be posted at Nordic Trustee ASA's website, http://www.stamdata.no.

ENQUIRIES

For further information please contact:

IGas Energy plc

Tel: [phone]

Stephen Bowler, Chief Executive Officer

Ann-marie Wilkinson, Head of Communications

Jefferies International Limited (NOMAD and Joint Corporate Broker)

Tel: [phone]

Graham Hertrich/Jason Grossman

Canaccord Genuity (Joint Corporate Broker)

Tel: [phone]

Henry Fitzgerald-O'Connor

Vigo Communications

Tel: [phone]

Patrick D'Ancona/Chris McMahon

 

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