TIDMIAE

RNS Number : 8342B

Ithaca Energy Inc

06 April 2017

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

Ithaca Energy Inc.

Additional Shares Listing

6 April 2017

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") announces that it has issued an additional 233,333 Common Shares in the Company resulting from the exercise of share options and has applied for these to be admitted to trading on AIM. Admission of the newly issued Common Shares is expected to occur on 12 April 2017. Each new Common Share will rank pari passu with the existing Common Shares.

Following the issue and allotment of the new Common Shares, the Company will have a total of 415,885,700 Common Shares in issue with one voting right per Common Share. There are no Common Shares held in treasury. The total number of voting shares in the Company is therefore 415,885,700. This figure 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 in their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure and Transparency Rules.

The Company also notes that it has applied for 2,265,205 previously issued and allotted Common Shares to be admitted to trading on AIM. These Common Shares relate to an earlier announcement and do not affect the total of 415,885,700 Common Shares in issue. Admission of these Common Shares is also expected to occur on 12 April 2017.

The total number of Common Shares under option is now 21,536,481 representing approximately 4.9% of the total shares outstanding and under option.

- ENDS -

Enquiries:

Ithaca Energy

Graham Forbes gforbes@ithacaenergy.com +44 (0)1224 652 151

Richard Smith rsmith@ithacaenergy.com +44 (0)1224 652 172

FTI Consulting

   Edward Westropp                  edward.westropp@fticonsulting.com        +44 (0)203 727 1521

Cenkos Securities

Neil McDonald nmcdonald@cenkos.com +44 (0)207 397 1953

Nick Tulloch ntulloch@cenkos.com +44 (0)131 220 9772

Beth McKiernan bmckiernan@cenkos.com +44 (0)131 220 9778

RBC Capital Markets

   Matthew Coakes                     matthew.coakes@rbccm.com                  +44 (0)207 653 4000

About Ithaca Energy

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries and the exploitation of its existing UK producing asset portfolio. Ithaca's strategy is centred on generating sustainable long term shareholder value by building a highly profitable 25kboe/d North Sea oil and gas company. For further information please consult the Company's website www.ithacaenergy.com.

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

This information is provided by RNS

The company news service from the London Stock Exchange

END

ALSOKADBNBKDDQK

(END) Dow Jones Newswires

April 06, 2017 09:30 ET (13:30 GMT)

Ithaca Energy (LSE:IAE)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Ithaca Energy Charts.
Ithaca Energy (LSE:IAE)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Ithaca Energy Charts.