Additional Listing

RNS Number : 2112V
Igas Energy PLC
26 January 2017
 

 

 

26 January 2017

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 400,000 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 30 January 2017.

 

ENQUIRIES

For further information please contact:

IGas Energy plc

Tel: +44 (0)20 7993 9899

Stephen Bowler, Chief Executive Officer

Julian Tedder, Chief Financial Officer

Ann-marie Wilkinson, Director of Corporate Affairs

 

Investec Bank plc               

Tel: +44 (0)20 7597 4000

Sara Hale

Jeremy Ellis

 

Canaccord Genuity

Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor

 

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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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