Igas Energy Plc enters a SPA with GT Energy UK Limited

  • Sep 16, 2020 BST
  • Team Kalkine


Igas Energy Plc (LON: IGAS) has entered into a SPA (share purchase agreement) to acquire a developer of deep geothermal heat projects onshore in the UK, GT Energy UK Limited.

  • As per the SPA entered by the two companies, Igas will make an initial payment of £500,000 to GT Energy UK Limited to be satisfied in 2,222,223 IGas ordinary shares on completion by the transfer of 1,844,637 shares held by the company.
  • GT Energy's main project is a 14MW deep geothermal project in the Etruria Valley, which had received pre-accreditation from the Department of Business, Enterprise and Industrial Strategy.
  • On 16 September 2020, at the time of writing, GMT 14:36 PM, IGAS shares were trading at GBX 12.80, up by 0.65 points or 5.35% against the previous day closing price.


With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here



The website https://kalkinemedia.com/uk is a service of Kalkine Media Ltd, Company Number 12643132. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK