REG - Indus Gas Limited - Director/PDMR Shareholding <Origin Href="QuoteRef">INDII.L</Origin>

Indus GasAnnouncement

24/12/2014 07:10

RNS Number : 6597A
Indus Gas Limited
24 December 2014
For Immediate Release  24 December 2014
Indus Gas Limited
("Indus" or "the Company")
Director Dealing
Indus Gas Limited (AIM:INDI.L), an oil & gas exploration and development company with assets in India, announces that it was informed yesterday, Gynia Holdings Limited has purchased 15,690,091 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 125p per Ordinary Share. Ajay Kalsi, the Company's Chief Executive Officer ultimately holds 100 per cent of the shares in Gynia Holdings Ltd.
Following the share purchase, Gynia Holdings Limited, holds 133,683,043 Ordinary Shares, representing approximately 73.06 per cent of the issued share capital of the Company.
In accordance with the relationship agreement entered into by the Company, Gynia Holdings Limited, Ajay Kalsi and others at the time of IPO, this transaction was entered into at arms length and on commercial terms. The transaction represents continued confidence of Gynia Holdings Limited in the Company.
-ENDS-
For further information please contact:
Indus Gas Limited
Peter Cockburn
John Scott  +44 (0)20 7877 0022
Arden Partners plc
Steve Douglas  +44 (0)20 7614 5900
Bell Pottinger PR
Philip Dennis   +44 (0)20 3772 2557

This information is provided by RNS
The company news service from the London Stock Exchange
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