Grant of Awards

Igas Energy PLC

06 June 2023

 

6 June 2023

IGas Energy plc (AIM: IGAS)

("IGas" or "the Company")

Grant of awards under the IGas Energy plc Management Retention Plan

In order to better align the interests of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and other key employees of the Group with those of shareholders, the Board of the Company determined that annual bonuses in excess of £30,000 will be paid to recipients in a combination of both cash and restricted stock. 

Management Retention Plan ("MRP")

The Company announces the following grant to the following Director and PDMR of nil cost options over ordinary shares of the Company of nominal value 0.002 pence per share (the "Shares") under the rules of the Company's MRP, which was adopted by the Board in 2015:

Name of Director/PDMR	Position	Number of ordinary shares subject to the award
Frances Ward	Chief Financial Officer	106,406

This award is subject to malus and clawback and may not be exercised or disposed of until 6 February 2024.

The information set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation:

1	Details of Director/ PDMR / person closely associated
a)	Name	Frances Ward
2	Reason for the notification
a)	Position / status	Chief Financial Officer
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 / 106,406
e)	Aggregated information	N/A
	-  Aggregated volume
	-  Price
f)	Date of the transaction	31 March 2023
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]

Ann-marie Wilkinson, Chief Communications Officer

Investec Bank plc (NOMAD and Joint Corporate Broker)   Tel: [phone]

Virginia Bull/Chris Sim

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

Henry Fitzgerald-O'Connor/James Asensio

Vigo Consulting                                                                            Tel: [phone]

Patrick d'Ancona/Finlay Thomson/Kendall Hill 

 

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