Key Developments: Indus Gas Ltd (INDII.L)

INDII.L on London Stock Exchange

290.00GBp
21 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Indus Gas Ltd signs new debt facility
Monday, 17 Nov 2014 02:00am EST 

Indus Gas Ltd:It has signed and completed new $180 mln facility agreement with consortium of seven banks/institution.Debt Facility is third debt financing completed by Company.Debt Facility will be secured by extending pari-passu charge on security package provided the existing debt holders.Debt facility is for nine year term maturing in April 2024.Debt facility carries an interest rate of 3 months LIBOR plus 410 basis points which will help marginally reduce the overall blended cost for combined debt facilities.Utilization of facility is in progress primarily to finance appraisal and development cost on the RJ-ON/6 Block in Rajasthan.Debt Facility will help company to accelerate/move towards completing next phase of development of acreage.  Full Article

Indus Gas Ltd Announces Board Changes
Monday, 30 Sep 2013 05:02am EDT 

Indus Gas Limited announced the appointment of Peter Cockburn as non-executive Chairman, with immediate effect and the return of John Scott as Chief Financial Officer to the Board, with a starting date still to be confirmed. John Scott initially joined Indus in 2008 and helped take the Company through its flotation on the AIM Market later that year and then its further growth in operations, before leaving in February this year.  Full Article

Indus Gas Ltd's Finance Director Resigns
Monday, 25 Feb 2013 02:00am EST 

Indus Gas Ltd announced that John Scott, Finance Director, has tendered his notice to resign his employment with the Group, which has been accepted with immediate effect.  Full Article

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