Last checked at 10 Mar 2015 07:03
For Immediate Release 10 March 2015
Indus Gas Limited
("Indus" or "the Company")
Director Dealing
Indus Gas Limited (AIM:INDI.L), an oil & gas exploration and development company with assets in India, announces that it was informed yesterday, Gynia Holdings Limited has purchased 475,393 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 80p per Ordinary Share. Ajay Kalsi, the Company's Chief Executive Officer ultimately holds 100 per cent of the shares in Gynia Holdings Limited.
Following the share purchase, Gynia Holdings Limited, holds 134,158,436 Ordinary Shares, representing approximately 73.32 per cent of the issued share capital of the Company.
In accordance with the relationship agreement entered into by the Company, Gynia Holdings Limited, Ajay Kalsi and others at the time of IPO, this transaction was entered into at arms length and on commercial terms.
-ENDS-
For further information please contact:
Indus Gas Limited
Peter Cockburn
John Scott +44 (0)20 7877 0022
Arden Partners plc
Steve Douglas +44 (0)20 7614 5900
Bell Pottinger PR
Philip Dennis +44 (0)20 3772 2557