4 Aug 2015 11:29
4 August 2015
IGas Energy plc (AIM: IGAS)
("IGas")
Approval of Bond Amendment Terms
IGas is pleased to announce that at the bondholders' meetings for the IGas senior secured and senior unsecured bond issues, held today, the requested amendments of the bond terms were approved. The resolutions in respect of the secured bonds obtained 98.57% of the votes, whilst 100% of the votes were obtained in respect of the unsecured bonds.
The amendments, as set out in the announcement of 10 July 2015 and found in the Summons which can be viewed at http://www.igasplc.com/investors/company-publications, align IGas' accounting periods with its operating partners, reflecting the operational and financial developments of the business following the completion of the farm-out with INEOS Upstream Ltd, and provide improved reporting for stakeholders.
The notices from the bondholders' meetings will be posted at Nordic Trustee ASA's website, http://www.stamdata.no.
ENQUIRIES
For further information please contact:
IGas Energy plc
Tel: +44 (0)20 7993 9899
Stephen Bowler, Chief Executive Officer
Ann-marie Wilkinson, Head of Communications
Jefferies International Limited (NOMAD and Joint Corporate Broker)
Tel: +44 (0)20 7029 8000
Graham Hertrich/Jason Grossman
Canaccord Genuity (Joint Corporate Broker)
Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor
Vigo Communications
Tel: +44 (0)20 7016 9570
Patrick D'Ancona/Chris McMahon