Additional Listing and Completion of Disposals

RNS Number : 0785Y

Igas Energy PLC

12 May 2016

 

12 May 2016

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

Additional Listing and Completion of Indonesian Disposals

IGas announces that it has made an application to the London Stock Exchange for an additional listing of 1,767,220 Ordinary Shares of 10 pence each to trade on the AIM market of London Stock Exchange. These shares are being listed in connection with the disposal of the Company's interest in Sangatta West CBM Inc under a Share Transfer Agreement with Ephindo International CBM Holding Inc.   Completion is expected to take place on 13 May 2016 and upon completion IGas will have disposed of its remaining interest in Indonesia.

The new Ordinary Shares will rank equally with the existing Ordinary Shares of the Company. It is expected that admission will become effective on 13 May 2016.

Following this allotment, the issued ordinary share capital of the Company has increased to 301,828,772 Ordinary Shares of 10 pence each with voting rights, which figure may 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]

Stephen Bowler, Chief Executive Officer

Julian Tedder, Chief Financial Officer

Ann-marie Wilkinson, Director of Corporate Affairs

Jefferies International Limited                                                                                     Tel: [phone]

Simon Hardy

Graham Hertrich

Canaccord Genuity                                                                                                             Tel: [phone]

Henry Fitzgerald-O'Connor

 

END

 

 

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