UK 02:55 Friday, 9 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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Even by the shocking standards of disclosure on AIM, January 16th’s RNS from IGas Energy (IGAS) takes some beating. Titled “Director Share Purchase and Finance Facility” this has to be one of the most shameful announcements released in recent years.
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Comments
Jane
Ben, yes, this kind of arrangement does not come without a downside, it isn’t an “everone’s a winner” situation, the likely losers are shareholders, in terms of increased volatility or through having the share price driven down to the price EFH actually paid for the shares.
Ben Turney
@Jane – Precisely. What is so stomach turning about this is the apparent dishonesty and misrepresentation of the arrangement
Forty Two
Yeah I’ve contacted Stewarts Law on this. Them wot’s acting for shareholders against Tesco and RBS. Not sure if this is big enough for them – but certainly big enough in the egregious sense. Will see if their litigation finance provider Bentham Ventures thinks it’s worthwhile. Watch this space : )