31 March 2025
Ithaca Energy plc ("Ithaca Energy" or the "Company")
Directors'/PDMR Shareholdings
The Company makes the following announcement in respect of certain disclosable transactions carried out by one of its directors and persons discharging managerial responsibilities ("PDMRs") on 28 March 2025.
The Company was notified by Iain Lewis that he has exercised his vested nil-cost option award which was granted to him on 21 December 2022 pursuant to the Company's Long Term Incentive Plan. The award has been exercised over 80,000 ordinary shares of 1 pence each in the Company ("Shares") and a further 34,274 dividend equivalent Shares (114,274 Shares in total). The award vested on 9 November 2023 and 9 November 2024. Immediately upon exercise of the award, Iain sold the 114,274 Shares he acquired on exercise of the nil-cost option.
The information contained in the below notifications are disclosed in accordance with Article 19 of the EU Market Abuse Regulation.
| 1. | Details of PDMR / PCA | |||||
| (a) | Name | Iain Lewis
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| (b) | Position / status | Chief Financial Officer
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| (c) | Initial notification / amendment | 31 March 2025 | ||||
| 2. | Details of the issuer emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| (a) | Name | Ithaca Energy plc | ||||
| (b) | LEI | 21380057TNFLXPXBIP34 | ||||
| 3. | 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 | Exercise of a nil cost option award over Ordinary Shares granted pursuant to the Company's Long Term Incentive Plan. | ||||
| (c) | Price(s) and volume(s)
|
| ||||
| (d) | Aggregated information - Aggregated volume - Price |
n/a | ||||
| | ||||||
| (e) | Date of the transaction | 28 March 2025 | ||||
| (f) | Place of the transaction | Outside a trading venue | ||||
| 3. | 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 acquired on exercise of a nil-cost option granted pursuant to the Company's Long Term Incentive Plan. | ||||
| (c) | Price(s) and volume(s)
|
| ||||
| (d) | Aggregated information - Aggregated volume - Price |
n/a | ||||
| | ||||||
| (e) | Date of the transaction | 28 March 2025 | ||||
| (f) | Place of the transaction | London Stock Exchange - XLON | ||||
Enquiries
| Ithaca Energy | |
| Kathryn Reid - Head of Investor Relations, Corporate Affairs & Communications | |
| | |
| FTI Consulting (PR Advisers to Ithaca Energy) | +44 (0)203 727 1000 |
| Ben Brewerton / Nick Hennis | |
| | |
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