Igas Energy PLC Grant of Awards Under the MRP (0307D)

TIDMIGAS

RNS Number : 0307D

Igas Energy PLC

23 October 2020

23 October 2020

IGas Energy plc (the "Company" or the "Group")

Grant of awards under the IGas Energy plc Management Retention Plan ("MRP")

The Company announces the following grant of nil cost options over ordinary shares of the Company of nominal value 0.002 pence per share on 23 October 2020 under the rules of the Company's MRP adopted by the Board in 2015. The award, granted in lieu of a proportion of remuneration, is one of the measures announced by the Company in the "Operations & Cost Savings Update" issued on 25 June 2020.

 
 Name of Director     Position                   Number of ordinary 
                                                  shares subject to 
                                                  base award 
 Stephen Bowler       Chief Executive Officer    59,083 
 Cuthbert McDowell    Executive Chairman         16,226 
 

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 Director/ PDMR / person closely associated 
 a)   Name                                   (i) Stephen Bowler 
                                              (ii) Cuthbert McDowell 
     --------------------------------  ------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position / status                      (i) Chief Executive Officer 
                                              (ii) Executive Chairman 
     --------------------------------  ------------------------------------ 
 b)   Initial notification /amendment   Initial notification 
     --------------------------------  ------------------------------------ 
 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 of the financial      Ordinary shares of 0.002p 
       instrument                        each 
     --------------------------------  ------------------------------------ 
 b)   Identification code of the        ISIN for IGas Energy plc: 
       Financial Instrument              GB00BZ042C28 
     --------------------------------  ------------------------------------ 
 c)   Nature of the transaction         Grant of nil cost options 
                                         by the Company under the 
                                         Company's MRP 
     --------------------------------  ------------------------------------ 
 d)   Price(s) and volume(s)                            Price Volume 
                                                         (i) GBPnil 59,083 
                                                         (ii) GBPnil 16,226 
     --------------------------------  ------------------------------------ 
 e)   Aggregated information            N/A 
     --------------------------------  ------------------------------------ 
      - Aggregated volume 
     --------------------------------  ------------------------------------ 
      - Price 
     --------------------------------  ------------------------------------ 
 f)   Date of the transaction           23-October-2020 
     --------------------------------  ------------------------------------ 
 g)   Place of the transaction          Outside a trading venue 
     --------------------------------  ------------------------------------ 
 

This notification is made pursuant to rule 17 and Schedule 5 of the AIM Rules for Companies.

For further information please contact:

IGas Energy plc Tel: [phone]

Stephen Bowler, Chief Executive Officer

Ann-marie Wilkinson, Director of Corporate Affairs

   Investec Bank plc (NOMAD and Joint Corporate Broker)   Tel: [phone] 

Sara Hale/Jeremy Ellis/Virginia Bull

   BMO Capital Markets (Joint Corporate Broker)                   Tel: [phone] 

Tom Rider/Neil Elliot

   Canaccord Genuity (Joint Corporate Broker)                        Tel: [phone] 

Henry Fitzgerald-O'Connor/James Asensio

Vigo Communications Tel: [phone]

Patrick d'Ancona/Chris McMahon/Charlie Neish

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October 23, 2020 02:00 ET (06:00 GMT)