26 Jan 2017 10:30
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.