Director/PDMR Shareholding

RNS Number : 9637Z

Igas Energy PLC

20 March 2017

 

20 March 2017

IGas Energy plc (AIM: IGAS)

("IGas" or the "Company")

Notification of Transactions by a Director/PDMR

The Company was today informed that Robert McTighe, Non-Executive Director, today acquired 300,000 ordinary shares of 10p each in the Company ("Ordinary Shares") at a price of 4.7725 pence per share. Following this transaction Robert McTighe's beneficial interest in Ordinary Shares is now 550,000, representing approximately 0.18 percent of the Company's issued ordinary share capital*.

* In addition to these disclosed interests it was announced on 17 March 2017 that Mr McTighe had agreed to subscribe for 11,111,111 new ordinary shares in the capital of the Company at a price of 4.5p per share in a fundraising which is subject to, inter alia, shareholder approval, on 3 April 2017.

1 - Details of the person discharging managerial responsibilities / person closely associated

Must complete either for a natural person or a legal person. If completing for a legal person, please include the legal form as provided for in the register where it is incorporated, if applicable.

Name of natural person                                      Robert McTighe

Legal person

2 - Reason for the notification

For persons discharging managerial responsibilities:

- The position occupied within the issuer, emission allowance market participant / auction platform / auctioneer / auction monitor should be indicated e.g. CEO, CFO.

For persons closely associated with:

- An indication that the notification concerns a person closely associated with a person discharging managerial responsibilities;

- Name and position of the relevant person discharging managerial responsibilities

Position/status                                                     Director

Initial notification/amendment                         Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity                                        IGas Energy plc

Legal Entity Identifier code                               213800S8WP2L294NR559

In accordance with ISO 1744 LEI code.

4 - Details of the transaction(s)

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of

transaction; (iii) each date; (iv) each place where transactions have been conducted

Transaction(s) summary table

Date Of Transaction	Financial Instrument	Identification Code	Place Of Transaction		Currency
2017-03-20	Ordinary Shares of 10p	GB00B29PWM59	XLON		GBP - British Pound
Nature Of Transaction: Market purchase				Price	Volume	Total
				0.05	300000	14317.50
				0.00	0	0.00
			Aggregated	0.048	300000	14317.50

For further information please contact:

IGas Energy plc

Tel: [phone]

Stephen Bowler, Chief Executive Officer

Julian Tedder, Chief Financial Officer

Ann-marie Wilkinson, Director of Corporate Affairs

Investec Bank plc (NOMAD and Joint Corporate Broker)

Tel: [phone]

Sara Hale/Jeremy Ellis/George Price

Canaccord Genuity (Joint Corporate Broker)

Tel: [phone]

Henry Fitzgerald-O'Connor

Vigo Communications

Tel: [phone]

Patrick d'Ancona/Chris McMahon

 

END

 

 

DSHURAURBAAOUAR