5 Jul 2016 10:50
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN
5 July 2016
IGas Energy Plc ("IGas" or "The Company")
Statement re Announcement by Pareto Securities
IGas notes the announcement yesterday by Pareto Securities AS, on behalf of an undisclosed client, regarding the result of a tender offer for USD 165 million senior secured bonds. The announcement can be viewed at http://www.newsweb.no/newsweb/search.do?messageId=405405.
The Company also notes the posting of an acquisition of senior secured bonds with a nominal value of $38.42 million at a price of 75 cents per bond on the Oslo Stock exchange.
IGas continues its active discussions and will provide further updates as appropriate.
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 (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