Igas Energy PLC Board Change (5507P)
October 11 2019 - 1:00AM
UK Regulatory
TIDMIGAS
RNS Number : 5507P
Igas Energy PLC
11 October 2019
11 October 2019
IGas Energy plc (AIM: IGAS)
("IGas" or "the Company")
Board Change
IGas announces that Mike McTighe is to step down from his role
as Non-Executive Chairman and leave the Board with immediate
effect, for personal reasons. Cuth McDowell, Senior Independent
Non-executive Director, will assume the role of interim
Non-executive Chairman.
Commenting Stephen Bowler, IGas Chief Executive, said:
"On behalf of the Board I would like to thank Mike for his
considerable contribution to the Company and valued leadership over
the last three years. Initially, Mike helped steer IGas through a
challenging refinancing and more recently through the successful
reserve based lending facility. He leaves the Company well
financed, and in a much stronger position."
Mike McTighe said:
"I am saddened to have to step down at this time, but I leave
the company in much better shape than when I first arrived and
ready to seize the future opportunities open to it in the UK energy
market as we transition to Net Zero in 2050, still requiring a
significant contribution from gas in the mix. I wish Steve and the
board all the best over the coming years."
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 5970
Sara Hale/Jeremy Ellis/Neil Coleman
Canaccord Genuity (Joint Corporate Broker) Tel: +44 (0)20 7523
8000
Henry Fitzgerald-O'Connor/James Asensio
Vigo Communications Tel: +44 (0)20 7390 0230
Patrick d'Ancona/Chris McMahon
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END
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