NOTIFICATION
ITHACA ENERGY PLC (the "Company")
Transaction notification
Further to the announcement made on 23 April 2024 and as set out in the Prospectus published by Ithaca Energy plc (the "Company" or "Ithaca Energy") on 22 August 2024 in connection with the transformational combination of Ithaca Energy and substantially all of Eni S.p.A.'s ("Eni") UK upstream oil and gas assets (the "Business Combination"), Delek Group Limited had undertaken to use reasonable endeavours to sell down such number of ordinary shares of the enlarged issued share capital of the Company, in order to ensure that the number of ordinary shares in public hands in accordance with the provisions of the UK Listing Rules remains at or above 10 per cent. (the "Delek Sell Down"), prior to completion of the Business Combination.
The Company was notified, on 30 September 2024, that DKL Energy Limited has committed to sell 59,356,256 ordinary shares in the capital of the Company at a 102 pence per share pursuant to the Delek Sell Down, to certain existing and new investors.
DKL Energy Limited is an indirect wholly owned subsidiary of Delek Group Limited. Delek Group Limited is a person closely associated with two PDMRs, Mr Idan Wallace and Mr Itshak Tshuva, both Non-Executive Directors of the Company.
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the Market Abuse Regulation.
| 1. | Details of PDMR / PCA | |||||
| (a) | Name | DKL Energy Limited | ||||
| (b) | Position / status | DKL Energy Limited PDMR Idan Wallace PDMR Itshak Tshuva | ||||
| (c) | Initial notification / amendment | Initial notification | ||||
| 2. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| (a) | Description of the financial instrument | Ordinary Shares | ||||
| (b) | Nature of the transaction | Sale of Ordinary Shares | ||||
| | Price(s) and volume(s) |
| ||||
| (d) | Aggregated information | 59,356,256 at 102 pence per share | ||||
| | - Aggregated volume - Price | | ||||
| (e) | Date of the transaction | 01.10.2024 | ||||
| (f) | Place of the transaction | Outside of trading venue | ||||
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