Independent Oil & Gas PLC Issue of New Shares (9372X)
16 August 2018 - 4:00PM
UK Regulatory
TIDMIOG
RNS Number : 9372X
Independent Oil & Gas PLC
16 August 2018
16 August 2018
Independent Oil and Gas plc
Issue of New Shares
Independent Oil and Gas plc ('IOG' or the 'Company) (AIM:
IOG.L), the development and production focused oil and gas company,
has today issued a total of 1,093,870 ordinary shares ('New
Ordinary Shares') in the capital of the Company.
Notices have been submitted by two current contractors to the
Company who have sacrificed 100% of their fees into options, to
exercise 1,093,870 1p options over Ordinary Shares awarded to them,
pursuant to share option agreements dated between 30 September 2013
and 15 March 2018.
The Company has applied to the London Stock Exchange for
admission of the New Ordinary Shares to trade on AIM ('Admission').
Admission is expected to occur on 22 August 2018. Following
Admission there will be 126,491,226 Ordinary Shares in issue.
Accordingly, this number may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in the Company under the FCA's Disclosure and Transparency
Rules.
-ENDS-
Certain information communicated in this announcement was, prior
to its publication, inside information for the purposes of Article
7 of Regulation 596/2014.
Enquiries:
Independent Oil and Gas plc
Andrew Hockey (CEO) +44 (0) 20 3879
James Chance (CFO) 0510
finnCap Ltd
Christopher Raggett / Anthony Adams +44 (0) 20 7220
(Corporate Finance) 0500
Camarco
Georgia Edmonds / Tom Huddart / Monique +44 (0) 20 3757
Perks 4980
About Independent Oil and Gas:
IOG owns substantial low risk, high value gas Reserves in the UK
Southern North Sea. The Company is targeting a 2P peak production
rate in excess of 200 MMcfd (c. 35,000 Boe/d) from its substantial
current portfolio (2P Reserves of 303 bcf) via an efficient hub
strategy. Alongside this it continues to pursue value accretive
acquisitions, to generate significant shareholder returns. All
IOG's licences are owned 100% and operated by IOG.
Further information can be found on
www.independentoilandgas.com
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 rns@lseg.com or visit www.rns.com.
END
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