22 Jan 2015 15:33
22 January 2015
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 500,000 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 and consists of 500,000 Ordinary Shares of 10p each.
ENQUIRIES
For further information please contact:
IGas Energy plc Tel: +44 (0)20 7993 9899
Andrew Austin, Chief Executive Officer
Stephen Bowler, Chief Financial Officer
Jefferies International Limited Tel: +44 (0)20 7029 8000
Sara Hale
Graham Hertrich
Canaccord Genuity Tel: +44 (0)20 7523 8000
Tim Redfern
Henry Fitzgerald-O'Connor
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.