Share Incentive Plan

RNS Number : 1630V

Igas Energy PLC

23 October 2014

 



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

IGas Share Incentive Plan

The Company announces that on 22 October 2014, a total of 99,100shares were allotted to employees under the IGas Energy Share Incentive Plan ("SIP"), with reference to the mid-market closing price for the measurement period of 77p.

The Executive Directors subscribed under the monthly Subscription and, accordingly, have been allotted shares under the SIP as set out below:

Andrew Austin                    1,170

Stephen Bowler                  1,170

John Blaymires                    1,170

Following these Subscriptions, the Executive Directors' shareholdings are as follows:

Andrew Austin                    10,971,164

Stephen Bowler                  81,825

John Blaymires                    31,911

Following the total Subscription, the issued share capital of the Company has increased to 296,482,131. The total number of voting rights in IGas is 296,482,131, which should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in IGas under the Financial Conduct Authority's Disclosure and Transparency Rules.

ENQUIRIES

For further information please contact:

IGas Energy plc                                                                                                    Tel: [phone]

Andrew Austin, Chief Executive Officer

Stephen Bowler, Chief Financial Officer

Jefferies International Limited                                                                         Tel: [phone]

Sara Hale 

Graham Hertrich

Canaccord Genuity                                                                                              Tel: [phone]

Tim Redfern

Henry Fitzgerald-O'Connor

 

END

 

 

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