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Igas Energy PLC - Board Appointment

RNS Number : 6242Z
Igas Energy PLC
21 May 2019



21 May 2019

IGas Energy plc (AIM: IGAS)

("IGas" or the "Company")


Board Appointment

IGas is pleased to announce the appointment of Hans Årstad as a Non-executive Director of the Board with immediate effect, exercising the right of KKR to take a seat on the Board. KKR owns 14.7% of IGas through KOG Investments S.A.R.L.

Mr Årstad began his career at McKinsey & Company focusing on energy.  He joined KKR in 2014 and is a Principal in KKR's European Private Equity team. Mr Årstad has been involved in a number of investments in a broad range of industries, including Visma, Ambea, Mehilainen, Välinge, Soderberg & Partners, and IGas.

Mike McTighe, Chairman said:

"The Board is delighted that Hans joins us as a Non-executive Director. Hans's strong background in finance and energy will bring a positive addition to the Board's discussions."

Hans Årstad added:

"KKR has followed IGas closely since we invested in 2016, and I look forward to joining the Board and working together with the wider team on the future development of IGas."

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

Hans Fredrik Øveraasen Årstad (aged 32) has been a director of the following companies during the five years preceding the date of this announcement:

Current Directorships:


ACTR Holding AB

KKR Actor Investor S.à.r.l.

KOG Investments S.à.r.l.

Restock BidCo AB

Restock HoldCo AB
Restock TopCo AB


Previous Directorships:

Ambea AB

Golvviken Newco AB

Mehilainen Oy

Trans European Oil & Gas Limited

Trans European Oil & Gas Luxco S.à.r.l.





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

Vigo Communications

Tel: +44 (0)20 7390 0230

Patrick d'Ancona/Chris McMahon 




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Quick facts: IGas Energy Plc

Price: 23

Market: AIM
Market Cap: £28.18 m

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