Director Dealing & Grant of Share Incentive Awards

RNS Number : 1428H

Igas Energy PLC

27 November 2015

 

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

Director Dealing and Grant of Share Incentive Awards

The Company was notified today that Julian Tedder, Chief Financial Officer of IGas, has acquired 140,000 Ordinary Shares of 10 pence each in the Company at a price of 17.4 pence per share.

Further to the purchase of shares as detailed above, Mr Tedder has interests for disclosure purposes in the voting rights attaching to 140,000 Ordinary Shares of the issued share capital of the Company, which represents approximately 0.05% of the issued share capital.

The Company also announces that on 25 November 2015, it granted 1,315,789 nil cost options to Mr Tedder. The options have been granted under the Company's Long Term Incentive Plan ("LTIP") and will vest at the end of a three year period from the date of joining the Company subject to performance conditions.

Mr Tedder's total outstanding number of options under the LTIP are 1,315,789.

ENQUIRIES

For further information please contact:

IGas Energy plc                       Stephen Bowler, Chief Executive Officer Julian Tedder, Chief Financial Officer Ann-marie Wilkinson, Director of Communications	Tel: [phone]
Jefferies International Limited  Simon Hardy Graham Hertrich	Tel: [phone]
Canaccord Genuity         Henry Fitzgerald-O'Connor	Tel: [phone]

 

END

 

 

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