Additional Listing

RNS Number : 5938M

Igas Energy PLC

21 January 2016

 

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

Additional Listing

The Company announces that application has been made to the London Stock Exchange for a blocklisting totalling 1,000,000 Ordinary Shares of 10p each to trade on the AIM market of London Stock Exchange to satisfy the issue of shares under the IGas Energy plc Share Incentive Plan ("SIP"). The shares shall rank equally with the existing issued shares of the Company. It is expected that admission will become effective on or around 25 January 2016.

ENQUIRIES

For further information please contact:

IGas Energy plc Stephen Bowler, Chief Executive Officer Julian Tedder, Chief Financial Officer Ann-marie Wilkinson, Head of Communications	Tel: [phone]
Jefferies International Limited                 Simon Hardy Graham Hertrich	Tel: [phone]
Canaccord Genuity Henry Fitzgerald-O'Connor	Tel: [phone]

About the IGas SIP

In 2013, the Company adopted an Inland Revenue approved Share Investment Plan for all employees of the Group. The scheme is a tax efficient incentive plan pursuant to which all Company employees are eligible to subscribe for up to GBP150 (or 10% of salary, if less) worth of IGas ordinary shares per month. On a three-monthly basis, the Company matches employees' monthly subscriptions on a 1-to-1 basis and, subject to the Company having met pre-defined quarterly production targets, will increase the matching element for that quarter to 2-to-1. To receive their allocation of matching shares, employees must ordinarily remain employed by the Company for a period of 3 years.

 

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