Court approves Scheme of Arrangement

RNS Number : 9593S

Igas Energy PLC

30 September 2014

 

30 September 2014

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

                                                                   Court approves Scheme of Arrangement

The Board of IGas is pleased to note the announcement today by Dart Energy Limited ("Dart") regarding the proposed recommended acquisition of Dart by IGas by way of Scheme of Arrangement between Dart and its shareholders ("Scheme").

Dart announced that the Supreme Court of Queensland ("Court") has today issued orders approving the Scheme.  The Scheme will now be implemented in accordance with the timetable released on 24 September 2014 which is set out below:

Event	Indicative date
Effective Date	Wednesday 1 October 2014
Implementation Date (new shares in IGas issued to Dart shareholders and IGas acquires all Dart shares)	Thursday 16 October 2014
New IGas Shares admitted to trading on AIM	Friday 17 October 2014

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For further information please contact:

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

MHP

Rupert Trefgarne                                                 Tel: [phone]

 

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