30 Sep 2014 07:00
30 September 2014
IGas Energy plc ("IGas" or "the Company")
Court approves Scheme of Arrangement
The Board of IGas is pleased to note the announcement today by Dart Energy Limited ("Dart") regarding the proposed recommended acquisition of Dart by IGas by way of Scheme of Arrangement between Dart and its shareholders ("Scheme").
Dart announced that the Supreme Court of Queensland ("Court") has today issued orders approving the Scheme. The Scheme will now be implemented in accordance with the timetable released on 24 September 2014 which is set out below:
Event | Indicative date |
Effective Date | Wednesday 1 October 2014 |
Implementation Date (new shares in IGas issued to Dart shareholders and IGas acquires all Dart shares) | Thursday 16 October 2014 |
New IGas Shares admitted to trading on AIM | Friday 17 October 2014 |
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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
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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