IOG Iog Plc

TIDMIOG

RNS Number : 4060Y

Independent Oil & Gas PLC

08 May 2019

8 May 2019

Independent Oil and Gas plc

("IOG" or the "Company")

Result of AGM

Independent Oil and Gas plc (AIM: IOG.L), the development and production focused Oil and Gas Company, announces that all resolutions put to shareholders at the Company's Annual General Meeting ("AGM") held today, were duly passed.

The Company is also pleased to announce that it has confirmed the vesting criteria for the options awarded to directors, senior managers and employees on 1 May 2019 (the "Options"). As announced on 1 May, the Options will vest three years from the date of grant and additionally subject to the sanction of the development of Phase 1 of the Company's Core Project in the Southern North Sea (as set out in the announcement of 1 April 2019); the 30 day volume weighted average price per ordinary share in the capital of the Company being not less than 25p at the time of vesting; and certain health and safety targets having been met.

-ENDS-

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

 
 Independent Oil & Gas PLC 
  Andrew Hockey (CEO) 
  James Chance (CFO) 
  Rupert Newall (Head of Corporate Finance)      +44 (0) 20 3879 0510 
 finnCap Ltd (Nominated Adviser and 
  Joint Broker) 
  Christopher Raggett, Simon Hicks (Corporate 
  Finance) 
  Camille Gochez (Corporate Broking)             +44 (0) 20 7220 0500 
 Peel Hunt LLP (Joint Broker) 
  Richard Crichton 
  David McKeown                                  +44 (0) 20 7418 8900 
 Vigo Communications 
  Patrick d'Ancona 
  Chris McMahon 
  Simon Woods                                    +44 (0) 20 7390 0230 
 

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END

RAGSSEFDAFUSELI

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May 08, 2019 09:45 ET (13:45 GMT)

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