Result of AGM
8 May 2019
Independent Oil and Gas plc
("IOG" or the "Company")
Result of AGM
Independent Oil and Gas plc (AIM: IOG.L), the development and production focused Oil and Gas Company, announces that all resolutions put to shareholders at the Company's Annual General Meeting ("AGM") held today, were duly passed.
The Company is also pleased to announce that it has confirmed the vesting criteria for the options awarded to directors, senior managers and employees on 1 May 2019 (the "Options"). As announced on 1 May, the Options will vest three years from the date of grant and additionally subject to the sanction of the development of Phase 1 of the Company's Core Project in the Southern North Sea (as set out in the announcement of 1 April 2019); the 30 day volume weighted average price per ordinary share in the capital of the Company being not less than 25p at the time of vesting; and certain health and safety targets having been met.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Independent Oil & Gas PLC
Andrew Hockey (CEO)
James Chance (CFO)
+44 (0) 20 3879 0510
finnCap Ltd (Nominated Adviser and Joint Broker)
Christopher Raggett, Simon Hicks (Corporate Finance)
Camille Gochez (Corporate Broking)
+44 (0) 20 7220 0500
Peel Hunt LLP (Joint Broker)
+44 (0) 20 7418 8900
+44 (0) 20 7390 0230
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
Quick facts: Independent Oil & Gas PLC
Market Cap: £62.29 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE