Grant of Awards Under the MRP

RNS Number : 9495T

Igas Energy PLC

24 July 2020

 

24 July 2020

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

Grant of awards under the IGas Energy plc 'Management Retention Plan'

Management Retention Plan ("MRP")

The Company announces the following grant of nil cost options over ordinary shares of the Company of nominal value 0.002 pence per share on 24 July 2020 under the rules of the Company's MRP adopted by the Board in 2015. The award, granted in lieu of a proportion of remuneration, is one of the measures announced by the Company in the "Operations & Cost Savings Update" issued on 25 June 2020.

Name of Director	Position	Number of ordinary shares subject to base award
Stephen Bowler	Chief Executive Officer	39,641
Cuthbert McDowell	Executive Chairman	10,887

The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:

1	Details  of Director/ PDMR / person closely associated
a)	Name	(i)  Stephen Bowler (ii)  Cuthbert McDowell
2	Reason for the notification
a)	Position / status	(i)  Chief Executive Officer (ii)  Executive Chairman
b)	Initial notification /amendment	Initial notification
3	Details of the issuer
a)	Name	IGas Energy plc
b)	LEI	213800S8WP2L294NR559
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type  of transaction; (iii) each date; and (iv) each place where transactions have  been conducted
a)	Description of the financial instrument	Ordinary shares of 0.002p each
b)	Identification code of the Financial Instrument	ISIN for IGas Energy plc: GB00BZ042C28
c)	Nature of the transaction	Grant of nil cost options by the Company under the Company's MRP
d)	Price(s) and volume(s)	Price  Volume (i)  £nil  39,641 (ii)  £nil  10,887
e)	Aggregated information	N/A
	-  Aggregated volume
	-  Price
f)	Date of the transaction	24-July-2020
g)	Place of the transaction	Outside a trading venue

This notification is made pursuant to rule 17 and Schedule 5 of the AIM Rules for Companies.

For further information please contact:

IGas Energy plc	Tel: [phone]
Stephen Bowler, Chief Executive Officer
Ann-marie Wilkinson, Director of Corporate Affairs
Investec Bank plc (NOMAD and Joint Corporate Broker)	Tel: [phone]
Sara Hale/Jeremy Ellis/Tejas Padalkar
BMO Capital Markets (Joint Corporate Broker)	Tel: [phone]
Tom Rider/Neil Elliot/Jeremy Low/Tom Hughes
Canaccord Genuity (Joint Corporate Broker)	Tel: [phone]
Henry Fitzgerald-O'Connor/James Asensio
Vigo Communications
Patrick d'Ancona/Chris McMahon	Tel: [phone]

 

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