16 October 2014

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

Completion of Acquisition

Completion of Acquisition

Following the admission of the consideration shares to trading on AIM, the Board of IGas is pleased to announce that the final condition to the scheme of arrangement has been satisfied by the Admission of the new IGas shares to AIM and that the acquisition of Dart Energy Limited completed earlier today.

Small shareholder sale facility and ineligible overseas shareholder sales in the market

Elections by small shareholders (whose holdings of IGas shares may have been economically unrealisable) amounted to a total of only 140,207 new IGas shares, a further 22,895 new IGas shares were due to be issued to ineligible overseas holders. The aggregate of these shares are being sold by Jefferies for the benefit of the underlying holders.

Director's Shareholding

Following the admission of 89,997,626 consideration shares, the enlarged issued share capital of the Company is now 296,383,031.

As a result of the admission of the shares, the Directors of IGas now have the following interests in the Company:

Name

Number of shares

Interest in Shares

Francis Gugen

27,615,764

9.32%

Andrew Austin

10,969,994

3.70%

Robin Pinchbeck

141,000

0.05%

Stephen Bowler

80,655

0.03%

John Bryant

59,045

0.02%

John Blaymires

30,741

0.01%

- Ends -

For further information please contact:

IGas Energy plc

Tel: +44 (0)20 7993 9899

Andrew Austin, Chief Executive Officer

Stephen Bowler, Chief Financial Officer

Ann-marie Wilkinson, Head of Communications

Jefferies International Limited

Tel: +44 (0)20 7029 8000

Sara Hale 

Graham Hertrich

Canaccord Genuity

Tim Redfern

Tel: +44 (0)20 7523 8000

MHP

Rupert Trefgarne                                                                     Tel: +44 (0)20 3128 8100


This information is provided by RNS
The company news service from the London Stock Exchange
ENDACQMFBPTMBMBMFI
distributed by