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Igas Energy PLC (IGAS)

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Friday 25 September, 2020

Igas Energy PLC

Grant of Awards Under the MRP

RNS Number : 1771A
Igas Energy PLC
25 September 2020
 

25 September 2020

 

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

Grant of awards under the IGas Energy plc Management Retention Plan ("MRP")

 

The Company announces the following grant of nil cost options over ordinary shares of the Company of nominal value 0.002 pence per share on 25 September 2020 under the rules of the Company's MRP adopted by the Board in 2015.  The award, granted in lieu of a proportion of remuneration, is one of the measures announced by the Company in the "Operations & Cost Savings Update" issued on 25 June 2020.

 

Name of Director

Position

Number of ordinary shares subject to base award

 

Stephen Bowler

Chief Executive Officer

53,938

Cuthbert McDowell

Executive Chairman

14,813

 

The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:

 

1

Details of Director/ PDMR / person closely associated

 

a)

Name

(i)  Stephen Bowler

(ii)  Cuthbert McDowell

2

Reason for the notification

a)

Position / status

(i)  Chief Executive Officer

(ii)  Executive Chairman

 

b)

Initial notification /amendment

Initial notification

3

Details of the issuer

a)

Name

IGas Energy plc

b)

LEI

213800S8WP2L294NR559

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type  of transaction; (iii) each date; and (iv) each place where transactions have  been conducted

a)

Description of the financial instrument

Ordinary shares of 0.002p each

b)

Identification code of the Financial Instrument

ISIN for IGas Energy plc: GB00BZ042C28

c)

Nature of the transaction

Grant of nil cost options by the Company under the Company's MRP

d)

Price(s) and volume(s)

  Price  Volume

(i)  £nil  53,938

(ii)  £nil  14,813

e)

Aggregated information

N/A


Aggregated volume



Price


f)

Date of the transaction

25-September-2020

g)

Place of the transaction

Outside a trading venue

 

This notification is made pursuant to rule 17 and Schedule 5 of the AIM Rules for Companies.

 

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