Information  X 
Enter a valid email address

Igas Energy PLC (IGAS)

  Print      Mail a friend

Friday 23 October, 2020

Igas Energy PLC

Grant of Awards Under the MRP

RNS Number : 0307D
Igas Energy PLC
23 October 2020
 

23 October 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 23 October 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

59,083

Cuthbert McDowell

Executive Chairman

16,226

 

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  59,083

(ii)  £nil  16,226

e)

Aggregated information

N/A

 

Aggregated volume

 

 

Price

 

f)

Date of the transaction

23-October-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.

 

For further information please contact:

IGas Energy plc                                                                            Tel: +44 (0)20 7993 9899

Stephen Bowler, Chief Executive Officer

Ann-marie Wilkinson, Director of Corporate Affairs

 

Investec Bank plc (NOMAD and Joint Corporate Broker)   Tel: +44 (0)20 7597 5970

Sara Hale/Jeremy Ellis/Virginia Bull 

 

BMO Capital Markets (Joint Corporate Broker)                   Tel: +44 (0)20 7653 4000

Tom Rider/Neil Elliot

 

Canaccord Genuity (Joint Corporate Broker)                        Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor/James Asensio

 

Vigo Communications                                                               Tel: +44 (0)20 7390 0230

Patrick d'Ancona/Chris McMahon/Charlie Neish

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFIFVEIFLVFII

a d v e r t i s e m e n t