NOTIFICATION
ITHACA ENERGY PLC (the "Company")
Transaction notification
The Company was notified, on 18 October 2024, that DKL Energy Limited had purchased 24,681,658 ordinary shares in the capital of the Company at a 102 pence per share pursuant to the Call Option Agreement entered into with Eni UK Limited in connection with the previously announced Business Combination.
DKL Energy Limited is an indirect wholly owned subsidiary of Delek Group Limited. Delek Group Limited is a person closely associated with three PDMRs, Mr Idan Wallace and Mr Itshak Tshuva and Mr Tamir Polikar, each 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 PDMR Tamir Polikar | ||||||||
| (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 | Purchase of shares -exercise of call option | ||||||||
| (c) | Price(s) and volume(s) |
| ||||||||
| (d) | Aggregated information | 24,681,658 at £1.02 per share
| ||||||||
| | - Aggregated volume - Price | 24,681,658 £25,175,291.2 (payment was net of reimbursement for sale expenses ) | ||||||||
| (e) | Date of the transaction | 18.10.2024 | ||||||||
| (f) | Place of the transaction | Outside of trading venue | ||||||||
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BPJHV584
Issuer Name
ITHACA ENERGY PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
DKL Energy Limited
City of registered office (if applicable)
London
Country of registered office (if applicable)
United Kingdom
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
03-Oct-2024
6. Date on which Issuer notified
07-Oct-2024
7. Total positions of person(s) subject to the notification obligation
|
| % of voting rights attached to shares (total of 8.A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer |
| Resulting situation on the date on which threshold was crossed or reached | 52.218 | 0.000000 | 52.218 |
863,545,333
|
| Position of previous notification (if applicable) | | | | |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
| Class/Type of shares ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
| GB00BPJHV584 |
863,545,333 | 0 | 52.218 | 0.000000 |
| Sub Total 8.A | 863,545,333 | 52.218% | ||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
| Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
|
| | | | |
| Sub Total 8.B1 | | | | |
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
|
| | | | | |
| Sub Total 8.B2 | | | | ||
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
| Ultimate controlling person | Name of controlled undertaking | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
| Mr Itshak Sharon Tshuva | Delek Group Limited | 52.218 | | 52.218 |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
22-Oct-2024
13. Place Of Completion
London, England
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