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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Igas Energy Plc | LSE:IGAS | London | Ordinary Share | GB00BZ042C28 | ORD 0.002P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.89 | 14.80 | 14.98 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMIGAS
RNS Number : 8397B
Igas Energy PLC
06 June 2023
6 June 2023
IGas Energy plc (AIM: IGAS)
("IGas" or "the Company")
Grant of awards under the IGas Energy plc Management Retention Plan
In order to better align the interests of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and other key employees of the Group with those of shareholders, the Board of the Company determined that annual bonuses in excess of GBP30,000 will be paid to recipients in a combination of both cash and restricted stock.
Management Retention Plan ("MRP")
The Company announces the following grant to the following Director and PDMR of nil cost options over ordinary shares of the Company of nominal value 0.002 pence per share (the "Shares") under the rules of the Company's MRP, which was adopted by the Board in 2015:
Name of Director/PDMR Position Number of ordinary shares subject to the award Chief Financial Frances Ward Officer 106,406
This award is subject to malus and clawback and may not be exercised or disposed of until 6 February 2024.
The information set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation:
1 Details of Director/ PDMR / person closely associated a) Name Frances Ward -------------------------- -------------------------- 2 Reason for the notification ------------------------------------------------------ a) Position / status Chief Financial Officer -------------------------- -------------------------- b) Initial notification Initial 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 of the Ordinary shares of financial instrument 0.002p each -------------------------- -------------------------- b) Identification code ISIN for IGas Energy of the Financial plc: GB00BZ042C28 Instrument -------------------------- -------------------------- 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 / 106,406 -------------------------- -------------------------- e) Aggregated information N/A -------------------------- -------------------------- - Aggregated volume -------------------------- -------------------------- - Price -------------------------- -------------------------- f) Date of the transaction 31 March 2023 -------------------------- -------------------------- 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: +44 (0)20 7993 9899
Ann-marie Wilkinson, Chief Communications Officer
Investec Bank plc (NOMAD and Joint Corporate Broker) Tel: +44 (0)20 7597 5970
Virginia Bull/Chris Sim
Canaccord Genuity (Joint Corporate Broker) Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor/James Asensio
Vigo Consulting Tel: +44 (0)20 7390 0230
Patrick d'Ancona/Finlay Thomson/Kendall Hill
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END
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(END) Dow Jones Newswires
June 06, 2023 08:18 ET (12:18 GMT)
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