NOTIFICATION
ITHACA ENERGY PLC (the "Company")
Transaction notification
The Company was notified on 22 October 2024 that Eni UK Limited had sold 24,681,658 ordinary shares in the capital of the Company at 102 pence per share pursuant to the terms of the call option agreement entered into between Eni UK Limited and DKL Energy Limited in connection with the previously announced Business Combination.
Eni UK Limited is an indirect wholly owned subsidiary of Eni S.p.A. Eni S.p.A. is a person closely associated with two PDMRs, Mr Francesco Gattei and Mr Guido Brusco, 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 | Eni UK Limited | ||||||||
| (b) | Position / status | PCA of PDMRs Francesco Gattei and Guido Brusco | ||||||||
| (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 shares on exercise of call option by DKL Energy Limited | ||||||||
| (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 October 2024 | ||||||||
| (f) | Place of the transaction | Outside of trading venue | ||||||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.