Independent Oil & Gas PLC Issue of New Shares (7134O)
August 23 2017 - 2:00AM
UK Regulatory
TIDMIOG
RNS Number : 7134O
Independent Oil & Gas PLC
23 August 2017
23 August 2017
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 112,727 ordinary shares ('New Ordinary
Shares') in the capital of the Company.
On 18 August 2017, a notice was submitted by a former officer of
the Company to exercise 112,727 1p options over Ordinary Shares
awarded to him, pursuant to share option agreements dated 19
November 2014 and 1 March 2015.
The Company has applied to the London Stock Exchange for
admission of the New Ordinary Shares to trading on AIM
('Admission'). Admission is expected to occur on 29 August 2017.
Following Admission there will be 109,687,534 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-
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
Enquiries:
Independent Oil and Gas plc +44 (0) 20 3879
Mark Routh (CEO) 0510
finnCap Ltd
Christopher Raggett / Anthony
Adams +44 (0) 20 7220
(Corporate Finance) 0500
Camarco +44 (0) 20 3757
Georgia Edmonds / Tom Huddart 4980
Notes
About Independent Oil and Gas:
IOG owns substantial low risk, high value gas resources in the
UK Southern North Sea. The Company is targeting 170 MMcfd gas
production from its current portfolio of 500 BCF (88 MMBoe) via an
efficient gas hub strategy. Alongside this it continues to pursue
value accretive acquisitions, to generate significant shareholder
returns. All of 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 company news service from the London Stock Exchange
END
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