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Igas Energy PLC - Board Change

RNS Number : 5507P
Igas Energy PLC
11 October 2019

11 October 2019

IGas Energy plc (AIM: IGAS)

("IGas" or "the Company")


Board Change

IGas announces that Mike McTighe is to step down from his role as Non-Executive Chairman and leave the Board with immediate effect, for personal reasons. Cuth McDowell, Senior Independent Non-executive Director, will assume the role of interim Non-executive Chairman.


Commenting Stephen Bowler, IGas Chief Executive, said:

"On behalf of the Board I would like to thank Mike for his considerable contribution to the Company and valued leadership over the last three years. Initially, Mike helped steer IGas through a challenging refinancing and more recently through the successful reserve based lending facility. He leaves the Company well financed, and in a much stronger position."

Mike McTighe said:

"I am saddened to have to step down at this time, but I leave the company in much better shape than when I first arrived and ready to seize the future opportunities open to it in the UK energy market as we transition to Net Zero in 2050, still requiring a significant contribution from gas in the mix. I wish Steve and the board all the best over the coming years."


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 5970

Sara Hale/Jeremy Ellis/Neil Coleman


Canaccord Genuity (Joint Corporate Broker) Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor/James Asensio


Vigo Communications   Tel: +44 (0)20 7390 0230

Patrick d'Ancona/Chris McMahon 

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Quick facts: IGas Energy Plc

Price: 14.45

Market: AIM
Market Cap: £17.84 m

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on 17/10/19