Igas Energy PLC Additional Listing (6046U)
October 25 2017 - 6:17AM
UK Regulatory
TIDMIGAS
RNS Number : 6046U
Igas Energy PLC
25 October 2017
25 October 2017
IGas Energy plc ("IGas" or the "Company")
Additional Listing
The Company announces that an application has been made to the
London Stock Exchange for total of 73,557 Ordinary Shares of 0.002p
each (the "SIP Shares") to trade on the AIM market of London Stock
Exchange ("AIM") under the IGas Energy plc Share Incentive Plan
("SIP"). Subject to admission, the SIP Shares will be held by
Equiniti Share Plan Trustees Limited (the "SIP Trustees").
The number of shares to be issued under the SIP has been
calculated with reference to the mid-market closing price of 67.75p
on 20 October 2017, being the latest practicable date under the
SIP. The SIP Shares shall rank equally with the existing issued
shares of the Company. It is expected that admission to AIM will
become effective on or around 30 October 2017.
Details of the subscription and allocation under the SIP by
Persons Discharging Managerial Responsibility (PDMR) for the third
quarter of 2017 are set out below.
PDMR Share subscription Matching Resulting Total Voting
under the Allocation Voting Rights Rights (%)
SIP
---------------- ------------------- ------------ --------------- -------------
Stephen
Bowler 664 1,328 1,992 0.05%
---------------- ------------------- ------------ --------------- -------------
John Blaymires 664 1,328 1,992 0.03%
---------------- ------------------- ------------ --------------- -------------
Julian
Tedder 664 1,328 1,992 0.10%
---------------- ------------------- ------------ --------------- -------------
The issued share capital of the Company following the above
detailed issue of shares will be 121,481,118 Ordinary Shares; the
number of deferred shares remains 303,305,534. The total number of
voting rights in IGas will be 121,481,118 Ordinary Shares, which
should be used by shareholders as the 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
under the Financial Conduct Authority's Disclosure and Transparency
Rules.
Further details on the SIP are set out in the appendix to this
announcement.
The information set out below is provided in accordance with the
requirements of Regulation 19(3) of the EU Market Abuse Regulation
No 596/2014:
1. Details of PDMR / person closely associated
====================================================================
a) Name (i) Stephen Bowler
(ii) John Blaymires
(iii) Julian Tedder
========================= =========================================
2. Reason for the notification
====================================================================
a) Position (i) Chief Executive Officer
/ status (ii) Chief Operating Officer
(iii) Chief Financial Officer
========================= =========================================
b) Initial Initial notification
notification
/amendment
========================= =========================================
3. Details of the issuer
====================================================================
a) Name IGas Energy plc
========================= =========================================
b) LEI 213800S8WP2L294NR559
========================= =========================================
4. Details of the transaction(s): section to be
repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date;
and (iv) each place where transactions have
been conducted
====================================================================
a) Description Ordinary Shares of 0.002p each
of the
financial
instrument
========================= =========================================
b) Identification ISIN for IGas Energy plc: GB00BZ042C28
code of
the Financial
Instrument
========================= =========================================
c) Nature Acquisition of Ordinary Shares in IGas
of the under SIP by the SIP Trustees pursuant
transaction to the SIP
========================= =========================================
d) Price(s) Price Volume
and volume(s) --------------------- -----------------
(i) GBP0.6775 (i) 1,992
--------------------- -----------------
(ii) GBP0.6775 (ii) 1,992
--------------------- -----------------
(iii) GBP0.6775 (iii) 1,992
--------------------- -----------------
========================= =========================================
e) Aggregated N/A
information
* Aggregated volume
* Price
========================= =========================================
f) Date of 24 October 2017
the transaction
========================= =========================================
g) Place of London Stock Exchange, AIM
the transaction
========================= =========================================
ENQUIRIES
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
Tel: +44 (0)20 7597 5970
Sara Hale
Jeremy Ellis
Canaccord Genuity
Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor
About the IGas SIP
In 2013, the Company adopted an Inland Revenue approved Share
Investment Plan for all employees of the Group. The scheme is a tax
efficient incentive plan pursuant to which all Company employees
are eligible to subscribe for up to GBP150 (or 10% of salary, if
less) worth of IGas ordinary shares per month. On a three-monthly
basis, the Company matches employees' monthly subscriptions on a
1-to-1 basis and, subject to the Company having met pre-defined
quarterly production targets, will increase the matching element
for that quarter to 2-to-1. To receive their allocation of matching
shares, employees must ordinarily remain employed by the Company
for a period of 3 years. Shares issued under the SIP are held by
the SIP Trustees.
Under the SIP, during the vesting period the recipient retains
the voting rights and dividend rights associated with the matching
allocation shares however, is unable to sell the shares until the
vesting criteria have been fulfilled. The matching allocation
shares will be issued to the Company's Employee Benefit Trust and
held until vesting conditions have been met. The participant
retains the full rights over any subscription shares.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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