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Result of General Meeting and Total Voting Rights

THIS ANNOUNCEMENT AND THE INFORMATION IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION, NOR SHALL THERE BE ANY SALE OF THE SECURITIES REFERRED TO HEREIN, IN OR INTO ANY JURISDICTION WHERE SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU No. 596/2014). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Capitalised terms used in this announcement have the meanings given to them in the announcement made at 7.00 a.m. on 1 April 2019 regarding the proposed Fundraising, unless the context provides otherwise.

Independent Oil and Gas plc ("IOG" or "the Company"), (AIM: IOG.L), the development and production focused oil and gas company, is pleased to announce that at the Company's General Meeting held earlier today, all resolutions put to shareholders were duly passed. The results are as shown below reflecting a  99.71% vote for the resolutions out of all votes cast:

Resolution

For

Against

Discretion

Withheld

1 - Authority to allot shares

28,517,898

86,252

1,100,000

11,293

2 - Disapplication of pre-emption rights

28,517,898

86,252

1,100,000

11,293

Accordingly it is expected that admission of the 165,795,050 Placing Shares, 3,250,000 Subscription Shares, 20,497,204 LOG Shares and 20,128,580 Open Offer Shares will become effective at 8.00 a.m. on 24 April 2019 ("Admission").

On Admission, the Company will have 337,151,846 Ordinary Shares in issue and there are no shares held in treasury. Therefore the Company's total number of Ordinary Shares with voting rights will be 337,151,846.

The figure of 337,151,846  may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For more information please contact:

Independent Oil & Gas PLC

Andrew Hockey (CEO)

James Chance (CFO)
Rupert Newall (Head of Corporate Finance)

+44 (0) 20 3879 0510

finnCap Ltd (Nominated Adviser and Joint Bookrunner)

Christopher Raggett, Simon Hicks (Corporate Finance)

Camille Gochez (Corporate Broking)

 

+44 (0) 20 7220 0500

Peel Hunt LLP (Joint Bookrunner)

Richard Crichton

David McKeown

 

+44 (0) 20 7418 8900

GMP First Energy (Joint Bookrunner)

Jonathan Wright

 

+44 (0) 20 7448 0200

Vigo Communications

Patrick d'Ancona

Chris McMahon

Simon Woods