8  June 2023

IGas Energy plc (AIM: IGAS)

("IGas" or "the Company")

Board Changes

IGas is pleased to announce the following Board changes effective immediately.

Chris Hopkinson has been appointed as Chief Executive Officer (CEO) of the Company.  Chris joined IGas in January 2022 and, since September 2022, has been the Interim Executive Chairman.

Philip Jackson has been appointed as Non-executive Chairman.  Philip has been a Non-executive Director of IGas since 2017, when he was appointed by Kerogen Capital following the successful completion of the refinancing of the Company at the time. Philip has no remaining affiliation with Kerogen Capital and is no longer considered as a nominee director pursuant to the Relationship Agreement with IGas. 

Kerogen continues to reserve its right to appoint up to two directors to the Board of IGas.

Chris Hopkinson commented:

"I am proud to be appointed CEO of IGas and to be working with Philip, the rest of the Board and our Executive team.  This is an exciting time for IGas and I look forward to driving our performance as we continue to maximise the value of our existing assets and pivot into renewable energy by growing a geothermal business of scale."

Philip Jackson added:

"I am delighted that Chris has been appointed CEO, he has already made a significant contribution to the business since stepping into the role of Interim Executive Chairman in September 2022."

For further information please contact:

IGas Energy plc                 Tel: +44 (0)20 7993 9899

Ann-marie Wilkinson, Chief Communications Officer

Investec Bank plc (NOMAD and Joint Corporate Broker) Tel: +44 (0)20 7597 5970

Virginia Bull/Chris Sim

Canaccord Genuity (Joint Corporate Broker) Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor/James Asensio

Vigo Consulting                Tel: +44 (0)20 7390 0230

Patrick d'Ancona/Finlay Thomson/Kendall Hill