3 Aug 2016 07:00
3 August 2016
IGas Energy PLC (AIM: IGAS)
("IGas" or "the Company")
Notification of Board Changes
IGas, a leading UK onshore oil and gas explorer and producer, today announces the following Board and Board Committee changes effective immediately.
Robin Pinchbeck will be stepping down from the Board as an independent Non-executive Director having served on the Board for over four years.
Mike McTighe will join the Board as Non-executive Deputy Chairman and will become a member of the Audit and Remuneration Committees.
Mike is currently Chairman of WYG Ltd, Jerrold Holdings Ltd, Arran Isle Ltd and Gortmullan Holdings Ltd. Previously, he was on the Board of Ofcom and has held a variety of non-executive director roles in public and private companies over the last 18 years. Mike has held a number of senior executive roles in international businesses including Cable & Wireless, Philips, GE and Motorola.
Commenting, Francis Gugen, IGas Chairman said:
"On behalf of the Board, I would like to thank Rob for his valuable contribution and commitment to the Board and the Company during his tenure and we wish him well for the future.
As we look to develop our assets, including our strategic shale assets which have become even more important in light of Brexit, the Board is always looking to broaden its experience and industrial reach. Mike's appointment in this new role very much reflects that ambition as we look to take the business forward during this exciting but challenging phase for the industry and for IGas. I welcome Mike and the wealth of experience he brings to our Board and look forward to working with him."
Mike McTighe owns 250,000 shares in the Company representing 0.1%.
For further information please contact:
IGas Energy plc
Tel: +44 (0)20 7993 9899
Stephen Bowler, Chief Executive Officer
Ann-marie Wilkinson, Director of Corporate Affairs
Investec Bank plc (NOMAD and Joint Corporate Broker)
Tel: +44 (0)20 7597 4000
Sara Hale/Jeremy Ellis/George Price
Canaccord Genuity (Joint Corporate Broker)
Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor
Vigo Communications
Tel: +44 (0)20 7830 9700
Patrick d'Ancona/Chris McMahon
Appendix
Full name (Age) | Current Directorships | Previous Directorships: |
Robert Michael McTighe | WYG Group plc | Pace plc, UK |
(62) | Arran Isle Ltd | Nujira Ltd, UK |
| Gortmullan Holdings Ltd | Office of Communications, UK Government |
| Jerrold Holdings Ltd | Volex Group plc |
| Quinn Life-Direct Ltd | Betfair Group plc |
|
| Postal Services Commission, UK |
|
| JJB Sports plc |
|
| Aventas Manufacturing Group LTD |
|
| Traitrealm Ltd |
There are no further disclosures to be made in accordance with paragraph (g) of Schedule Two of the AIM rules for Companies in respect of Robert Michael McTighe's appointment.