23 Apr 2010 17:55
23 April 2010
IGas Energy Plc
("IGas Energy" or the "Company")
Exercise of Warrants
The Company announces today that on 16 April 2010, pursuant to a warrant agreement to subscribe for ordinary shares of 50 pence each in the Company ("Shares") dated 27 November 2007, 82,500 warrants have been exercised to subscribe for 82,500 Shares at an exercise price of 55 pence per Share. Application has been made for these Shares to be admitted to trading on AIM on 29 April 2010.
Following this allotment and in accordance with Disclosure and Transparency Rule 5.6.1, the Company's issued ordinary share capital is now comprised of 91,095,475 Shares of 50p each with voting rights. There are no shares held in treasury.
The above figure (91,095,475) may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, IGas Energy under the FSA's Disclosure and Transparency Rules.
For further information please contact:
| IGas Energy Plc | Tel: +44 (0)20 7993 9901 |
| Andrew Austin |
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| Chief Executive Officer |
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| Kreab Gavin Anderson | Tel: +44 (0)20 7074 1800 |
| Kate Hill |
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| Anthony Hughes |
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| Cenkos Securities |
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| Jon Fitzpatrick | Tel: + 44 (0)207 397 8900 |
| Ken Fleming | Tel: +44 (0)131 220 6939 |
- Ends -
IGAS.L (IGAS)