Result of EGM and Matched Bargain Facility

Indus Gas Limited

08 January 2026

 

8 January 2026

INDUS GAS LIMITED

("Indus" or the "Company")

Result of EGM and Matched Bargain Facility Details

The Board of Directors of Indus Gas Limited (AIM: IDNI) announces that at the Extraordinary General Meeting of the Company held earlier today (the "General Meeting"), the single resolution to approve the cancellation of the admission of the Company's ordinary shares to trading on AIM (the "Cancellation") was duly passed.

The full text of the resolution can be found in the Notice of the Extraordinary General Meeting set out at the end of the Circular to shareholders of the Company dated 22 December 2025 in relation to the Cancellation, a copy of which is available on the Company's website at https://www.indusgas.com/.

The total votes cast on the resolution, incorporating proxy votes lodged in advance of the General Meeting, were as set out below:

Resolution	Votes For	%	Votes Against	%	Votes Total	% of issued share capital voted1	Votes Withheld3
Cancellation of admission of ordinary shares to trading on AIM	166,298,0512	95.95%	7,025,573	4.05%	173,323,624	94.73%	-

^1.    As at the close of business on 7 January 2026, the total number of ordinary shares of £0.01 each eligible to be voted at the General Meeting was 182,973,924. Therefore, the total voting rights in the Company as at that time was 182,973,924.

^2.    Includes 'Votes For' in respect of 103,679,486 Ordinary Shares beneficially owned by Gynia Holdings Limited and 47,557,622 Ordinary Shares beneficially owned by Focusoil, Inc., the subject of irrevocable voting undertakings executed in favour of the Company.

^3.    A 'Vote Withheld' is not a vote in law and is not counted in the calculation of the votes for or against the resolution.

Cancellation

In accordance with Rule 41 of the AIM Rules for Companies, cancellation of the admission of the Company's Ordinary Shares to trading on AIM is expected to become effective at 7.00 a.m. on Friday, 23 January 2026 and accordingly, the last day of dealings in the Company's Ordinary Shares on AIM is expected to be Thursday, 22 January 2026. Any amendments to this timetable will be notified to shareholders.

Matched Bargain Facility

The Company has made arrangements for the Matched Bargain Facility to assist Shareholders to trade in the Ordinary Shares from the date of Cancellation. The Matched Bargain Facility will be provided by J P Jenkins, J P Jenkins is a company incorporated in England & Wales with a registered number 08014724 and whose registered office is at 101 Wigmore Street, 5th Floor, London, England, W1U1QU. J P Jenkins (FRN:1037394) is authorised and regulated by the Financial Conduct Authority.

Under the Matched Bargain Facility, Shareholders or persons wishing to acquire or dispose of Ordinary Shares will be able to leave an indication with J P Jenkins, through their stockbroker, of the number of Ordinary Shares that they are prepared to buy or sell and the price at which they are prepared to do so. Upon the Cancellation becoming effective, the Matched Bargain Facility will commence, and details will be made available to Shareholders on the Company's website. It should be noted, however, that there is no guarantee as to the liquidity such a facility would afford the Ordinary Shares post Cancellation.

Shareholders will continue to be able to hold their shares in uncertificated form (i.e. in CREST) and should check with their existing stockbroker whether they are willing or able to trade in unquoted shares.

The Matched Bargain Facility is intended to operate for a minimum of twelve months after Cancellation. The current intention is that it will continue beyond that time, but Shareholders should note it could be withdrawn at short notice and therefore inhibit Shareholders' ability to trade the Ordinary Shares.

Defined terms not otherwise defined within this announcement have the same meanings as given in the announcement relating to the Cancellation released by the Company on 22 December 2025.

For further information, please contact:

Indus Gas Limited
Jonathan Keeling	[phone]
Strand Hanson Limited (Nominated & Financial Adviser and Broker)
Ritchie Balmer, Rory Murphy, Edward Foulkes	[phone]

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

 

END