16 Oct 2014 09:10
16 October 2014
IGas Energy plc ("IGas" or "the Company")Completion of Acquisition
Completion of Acquisition
Following the admission of the consideration shares to trading on AIM, the Board of IGas is pleased to announce that the final condition to the scheme of arrangement has been satisfied by the Admission of the new IGas shares to AIM and that the acquisition of Dart Energy Limited completed earlier today.
Small shareholder sale facility and ineligible overseas shareholder sales in the market
Elections by small shareholders (whose holdings of IGas shares may have been economically unrealisable) amounted to a total of only 140,207 new IGas shares, a further 22,895 new IGas shares were due to be issued to ineligible overseas holders. The aggregate of these shares are being sold by Jefferies for the benefit of the underlying holders.
Director's Shareholding
Following the admission of 89,997,626 consideration shares, the enlarged issued share capital of the Company is now 296,383,031.
As a result of the admission of the shares, the Directors of IGas now have the following interests in the Company:
Name | Number of shares | Interest in Shares |
Francis Gugen | 27,615,764 | 9.32% |
Andrew Austin | 10,969,994 | 3.70% |
Robin Pinchbeck | 141,000 | 0.05% |
Stephen Bowler | 80,655 | 0.03% |
John Bryant | 59,045 | 0.02% |
John Blaymires | 30,741 | 0.01% |
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For further information please contact:
IGas Energy plc | Tel: +44 (0)20 7993 9899 |
Andrew Austin, Chief Executive Officer Stephen Bowler, Chief Financial Officer Ann-marie Wilkinson, Head of Communications |
|
Jefferies International Limited | Tel: +44 (0)20 7029 8000 |
Sara Hale Graham Hertrich Canaccord Genuity Tim Redfern |
Tel: +44 (0)20 7523 8000 |
MHP
Rupert Trefgarne Tel: +44 (0)20 3128 8100