Grant of Awards Under the MRP

RNS Number : 2416X

Igas Energy PLC

26 August 2020

 

26 August 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 25 August 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	40,310
Cuthbert McDowell	Executive Chairman	11,070

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  40,310 (ii)  £nil  11,070
e)	Aggregated information	N/A
	-  Aggregated volume
	-  Price
f)	Date of the transaction	25-August-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

Canaccord Genuity (Joint Corporate Broker)                        Tel: [phone]

Henry Fitzgerald-O'Connor/James Asensio

Vigo Communications                                                               Tel: [phone]

Patrick d'Ancona/Chris McMahon 

 

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