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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
  -0.50 -2.56% 19.00 19.00 19.95 19.00 19.00 19.00 49,135 08:04:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 21.6 -44.1 -43.4 - 24

Igas Energy PLC Redetermination Update

06/07/2021 7:00am

UK Regulatory (RNS & others)


Igas Energy (LSE:IGAS)
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From Jun 2021 to Sep 2021

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TIDMIGAS

RNS Number : 2411E

Igas Energy PLC

06 July 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

6 July 2021

IGas Energy plc (AIM: IGAS)

("IGas" or "the Company")

Reserves Based Lending (RBL) redetermination completed

IGas is pleased to confirm it has completed its scheduled six-monthly RBL facility redetermination process.

The redetermination exercise confirms US$27.0 million (GBP19.5 million) of debt capacity and current headroom of US$8.6 million (GBP6.2 million). As at 30 June 2021, cash balances stood at US$3.6 million, with net debt of US$18.4 million.

For further information please contact:

IGas Energy plc Tel: +44 (0)20 7993 9899

Stephen Bowler, Chief Executive 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/Virginia Bull

   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/Chris McMahon/Kendall Hill

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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July 06, 2021 02:00 ET (06:00 GMT)

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