IGas Energy’s landmark acquisition of Dart Energy was officially completed today.
The £117million takeover has created the UK’s largest gas explorer.
IGas Energy’s board of directors confirmed today the final condition to the scheme of arrangement has since been satisfied.
Dart Energy suspended its shares on the ASX earlier this month. New IGas shares are due to be issued tomorrow.
Elections by small shareholders amounted to a total of only 140,207 new IGas shares, a further 22,895 new IGas shares were due to be issued to ineligible overseas holders. The aggregate of these shares are being sold by Jefferies for the benefit of the underlying holders.
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