Independent Oil & Gas (IOG LN) has announced that Mark Routh, Chairman of IOG, has exercised 2.9m options over Ordinary Shares awarded to him. This increases his holding in the company to 5.88% of the enlarged share capital of 123.1m shares. Our target price is determined assuming full dilution of outstanding convertible bonds and share options and is therefore unaffected by this announcement which underpins management’s confidence in the Southern North Sea gas project.
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VSA Morning Flow Test
- Published:
26 Apr 2018 -
Author:
Oliver O’Donnell -
Pages:
3
Independent Oil & Gas (IOG LN) has announced that Mark Routh, Chairman of IOG, has exercised 2.9m options over Ordinary Shares awarded to him. This increases his holding in the company to 5.88% of the enlarged share capital of 123.1m shares. Our target price is determined assuming full dilution of outstanding convertible bonds and share options and is therefore unaffected by this announcement which underpins management’s confidence in the Southern North Sea gas project.