13:17 Wed 25 Oct 2017
Igas Energy PLC - Additional Listing
Additional Listing
The Company announces that an application has been made to the
The number of shares to be issued under the SIP has been calculated with reference to the mid-market closing price of 67.75p on 20 October 2017, being the latest practicable date under the SIP. The SIP Shares shall rank equally with the existing issued shares of the Company. It is expected that admission to AIM will become effective on or around 30 October 2017.
Details of the subscription and allocation under the SIP by Persons Discharging Managerial Responsibility (PDMR) for the third quarter of 2017 are set out below.
PDMR |
Share subscription under the SIP |
Matching Allocation |
Resulting Voting Rights |
Total Voting Rights (%) |
|
664 |
1,328 |
1,992 |
0.05% |
|
664 |
1,328 |
1,992 |
0.03% |
Julian Tedder |
664 |
1,328 |
1,992 |
0.10% |
The issued share capital of the Company following the above detailed issue of shares will be 121,481,118 Ordinary Shares; the number of deferred shares remains 303,305,534. The total number of voting rights in IGas will be 121,481,118 Ordinary Shares, 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
Further details on the SIP are set out in the appendix to this announcement.
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 PDMR / person closely associated |
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a) |
|
(i) (ii) (iii) |
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2. |
Reason for the notification |
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a) |
Position / status |
(i) Chief Executive Officer (ii) Chief Operating Officer (iii) Chief Financial Officer |
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b) |
Initial notification /amendment |
Initial notification |
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3. |
Details of the issuer |
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a) |
|
|
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b) |
LEI |
213800S8WP2L294NR559 |
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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 |
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a) |
Description of the financial instrument |
Ordinary Shares of 0.002p each |
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b) |
Identification code of the Financial Instrument |
ISIN for |
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c) |
Nature of the transaction |
Acquisition of Ordinary Shares in IGas under SIP by the SIP Trustees pursuant to the SIP
|
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d) |
Price(s) and volume(s) |
|
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e) |
Aggregated information - Aggregated volume - Price |
N/A
|
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f) |
Date of the transaction |
|
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g) |
Place of the transaction |
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ENQUIRIES
Tel: +44 (0)20 7993 9899
Tel: +44 (0)20 7597 5970
Canaccord Genuity
Tel: +44 (0)20 7523 8000
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
Under the SIP, during the vesting period the recipient retains the voting rights and dividend rights associated with the matching allocation shares however, is unable to sell the shares until the vesting criteria have been fulfilled. The matching allocation shares will be issued to the Company's
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