IOG Announces Issue of Equity

Source: www.gulfoilandgas.com 2/24/2022, Location: Europe

IOG plc ("IOG", or "the Company"), the Net Zero UK gas and infrastructure operator focused on high return projects, has issued 79,981 ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares"), following the exercise by a former IOG director of the same number of options pursuant to a Salary Sacrifice Share Option agreement (the "Exercise").

The Company has applied to the London Stock Exchange for admission of 79,981 new Ordinary Shares to trading on AIM ("Admission"). Admission is expected to occur on 2 March 2022. Following Admission there will be 523,844,193 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 Guidance and Transparency Rules.


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