Ithaca Energy PLC Transaction notification
October 24 2024 - 2:00AM
RNS Regulatory News
RNS Number : 3824J
Ithaca Energy PLC
24 October 2024
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)
|
|
Price(s)
|
Volume(s)
|
|
£1.02 per share
|
24,681,658
|
|
|
|
|
|
|
|
|
(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
|
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END
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