IGAS Energy issues shares under incentive plan

IGas Energy announced on Tuesday that on 25 July, a total of 502,582 shares were allotted to employees under the IGas Energy Share Incentive Plan.

The AIM-traded firm said the share allotments were made with reference to the mid-market closing price for the measurement period of 11.75p.

It said the executive directors subscribed under the monthly subscription and, accordingly, have been allotted shares under the SIP at 7,568 shares each for Stephen Bowler and John Blaymires, and 7,660 for Julian Tedder.

Following the subscriptions, the executive directors’ interests totalled 124,148 shares for Stephen Bowler, 74,231 for John Blaymires and 153,866 for Julian Tedder.