16th Sep 2020 16:09
Igas Energy PLC - oil and gas producer onshore in Britain - Enters into share purchase agreement to acquire GT Energy UK Ltd, a developer of geothermal heat projects in UK. Igas will pay initial GBP500,000 in form of 2.2 million shares. Maximum consideration is GBP12 million and maximum stake sellers are able to take in Igas is just under 30%.
Current stock price: 12.75 pence
Year-to-date change: down 74%
By Eric Cunha; [email protected]
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