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Igas Energy PLC - Grant of Awards Under the MRP

RNS Number : 2416X
Igas Energy PLC
26 August 2020
 

26 August 2020

IGas Energy plc (the "Company" or the "Group")

Grant of awards under the IGas Energy plc 'Management Retention Plan'

 

Management Retention Plan ("MRP")

 

The Company announces the following grant of nil cost options over ordinary shares of the Company of nominal value 0.002 pence per share on 25 August 2020 under the rules of the Company's MRP adopted by the Board in 2015. The award, granted in lieu of a proportion of remuneration, is one of the measures announced by the Company in the "Operations & Cost Savings Update" issued on 25 June 2020.

 

Name of Director

Position

Number of ordinary shares subject to base award

 

Stephen Bowler

Chief Executive Officer

40,310

Cuthbert McDowell

Executive Chairman

11,070

 

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 Director/ PDMR / person closely associated

 

a)

Name

(i)             Stephen Bowler

(ii)            Cuthbert McDowell

2

Reason for the notification

a)

Position / status

(i)             Chief Executive Officer

(ii)            Executive Chairman

 

b)

Initial notification /amendment

Initial notification

3

Details of the issuer

a)

Name

IGas Energy plc

b)

LEI

213800S8WP2L294NR559

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

a)

Description of the financial instrument

Ordinary shares of 0.002p each

b)

Identification code of the Financial Instrument

ISIN for IGas Energy plc: GB00BZ042C28

c)

Nature of the transaction

Grant of nil cost options by the Company under the Company's MRP

d)

Price(s) and volume(s)

                       Price     Volume

(i)             £nil        40,310

(ii)            £nil        11,070

e)

Aggregated information

N/A

 

-     Aggregated volume

 

 

-     Price

 

f)

Date of the transaction

25-August-2020

g)

Place of the transaction

Outside a trading venue

 

This notification is made pursuant to rule 17 and Schedule 5 of the AIM Rules for Companies.

 

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/Tejas Padalkar 

 

BMO Capital Markets (Joint Corporate Broker)                  Tel: +44 (0)20 7653 4000

Tom Rider/Neil Elliot

 

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: 10.19

Market: AIM
Market Cap: £12.6 m
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