Igas Energy PLC IGas Share Incentive Plan (1859F)
July 26 2016 - 2:01AM
UK Regulatory
TIDMIGAS
RNS Number : 1859F
Igas Energy PLC
26 July 2016
IGas Energy plc ("IGas" or the "Company")
IGas Share Incentive Plan
The Company announces that on 25 July 2016, a total of 502,582
shares were allotted to employees under the IGas Energy Share
Incentive Plan ("SIP"), with reference to the mid-market closing
price for the measurement period of 11.75p.
The Executive Directors subscribed under the monthly
subscription ("Subscription") and, accordingly, have been allotted
shares under the SIP as set out below:
Stephen Bowler 7,658
John Blaymires 7,658
Julian Tedder 7,660
Following these Subscriptions, the Executive Directors have
interests for disclosure purposes in the voting rights attaching to
the following:
Stephen Bowler 124,148
John Blaymires 74,231
Julian Tedder 153,866
Following the total Subscription, the issued share capital of
the Company has increased to 302,331,354. The total number of
voting rights in IGas is 302,331,354, which should be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in IGas under the Financial Conduct
Authority's Disclosure and Transparency Rules.
26 July 2016
ENQUIRIES
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 4000
Sara Hale/Jeremy Ellis/George Price
Canaccord Genuity (Joint Corporate Broker) Tel: +44 (0)20 7523
8000
Henry Fitzgerald-O'Connor
About the IGas SIP
In 2013, the Company adopted an Inland Revenue approved Share
Investment Plan for all employees of the Group. The scheme is a tax
efficient incentive plan pursuant to which all Company employees
are eligible to subscribe for up to GBP150 (or 10% of salary, if
less) worth of IGas ordinary shares per month. On a three-monthly
basis, the Company matches employees' monthly subscriptions on a
1-to-1 basis and, subject to the Company having met pre-defined
quarterly production targets, will increase the matching element
for that quarter to 2-to-1. To receive their allocation of matching
shares, employees must ordinarily remain employed by the Company
for a period of 3 years.
This information is provided by RNS
The company news service from the London Stock Exchange
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July 26, 2016 02:01 ET (06:01 GMT)