THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
21 May 2019
IGas Energy plc (AIM: IGAS)
("IGas" or the "Company")
IGas is pleased to announce the appointment of Hans Årstad as a Non-executive Director of the Board with immediate effect, exercising the right of KKR to take a seat on the Board. KKR owns 14.7% of IGas through KOG Investments S.A.R.L.
Mr Årstad began his career at McKinsey & Company focusing on energy. He joined KKR in 2014 and is a Principal in KKR's European Private Equity team. Mr Årstad has been involved in a number of investments in a broad range of industries, including Visma, Ambea, Mehilainen, Välinge, Soderberg & Partners, and IGas.
Mike McTighe, Chairman said:
"The Board is delighted that Hans joins us as a Non-executive Director. Hans's strong background in finance and energy will bring a positive addition to the Board's discussions."
Hans Årstad added:
"KKR has followed IGas closely since we invested in 2016, and I look forward to joining the Board and working together with the wider team on the future development of IGas."
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:
Hans Fredrik Øveraasen Årstad (aged 32) has been a director of the following companies during the five years preceding the date of this announcement:
ACTR Holding AB
KKR Actor Investor S.à.r.l.
KOG Investments S.à.r.l.
Restock BidCo AB
Restock HoldCo AB
Restock TopCo AB
Golvviken Newco AB
Trans European Oil & Gas Limited
Trans European Oil & Gas Luxco S.à.r.l.
For further information please contact:
IGas Energy plc
Tel: +44 (0)20 7993 9899
Stephen Bowler, Chief Executive Officer
Julian Tedder, Chief Financial Officer
Ann-marie Wilkinson, Director of Corporate Affairs
Investec Bank plc (NOMAD and Joint Corporate Broker)
Tel: +44 (0)20 7597 5970
Sara Hale/Jeremy Ellis/Neil Coleman
Canaccord Genuity (Joint Corporate Broker)
Tel: +44 (0)20 7523 8000
Tel: +44 (0)20 7390 0230
Patrick d'Ancona/Chris McMahon