25 November 2020
IGas Energy plc (the "Company" or the "Group")
Grant of awards under the IGas Energy plc 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 November 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
|
49,011
|
|
Cuthbert McDowell
|
Executive Chairman
|
13,460
|
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
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Details of Director/ PDMR / person closely associated
|
|
a)
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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 49,011
(ii) £nil 13,460
|
|
e)
|
Aggregated information
|
N/A
|
|
|
-
Aggregated volume
|
|
|
|
-
Price
|
|
|
f)
|
Date of the transaction
|
25-November-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/Virginia Bull
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/Charlie Neish
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