Board Change

RNS Number : 5507P

Igas Energy PLC

11 October 2019

 

11 October 2019

IGas Energy plc (AIM: IGAS)

("IGas" or "the Company")

Board Change

IGas announces that Mike McTighe is to step down from his role as Non-Executive Chairman and leave the Board with immediate effect, for personal reasons. Cuth McDowell, Senior Independent Non-executive Director, will assume the role of interim Non-executive Chairman.

Commenting Stephen Bowler, IGas Chief Executive, said:

"On behalf of the Board I would like to thank Mike for his considerable contribution to the Company and valued leadership over the last three years. Initially, Mike helped steer IGas through a challenging refinancing and more recently through the successful reserve based lending facility. He leaves the Company well financed, and in a much stronger position."

Mike McTighe said:

"I am saddened to have to step down at this time, but I leave the company in much better shape than when I first arrived and ready to seize the future opportunities open to it in the UK energy market as we transition to Net Zero in 2050, still requiring a significant contribution from gas in the mix. I wish Steve and the board all the best over the coming years."

For further information please contact:

IGas Energy plc Tel: [phone]

Stephen Bowler, Chief Executive Officer

Julian Tedder, Chief Financial Officer

Ann-marie Wilkinson, Director of Corporate Affairs

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

Sara Hale/Jeremy Ellis/Neil Coleman

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

Henry Fitzgerald-O'Connor/James Asensio

Vigo Communications   Tel: [phone]

Patrick d'Ancona/Chris McMahon 

 

END

 

 

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