REG - i3 Energy PLC - Director Dealings

I3 EnergyAnnouncement

12/10/2022 07:00

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RNS Number : 5592C  i3 Energy PLC  12 October 2022

12 October 2022

i3 Energy plc

("i3" or the "Company")

Director Dealings

i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with
assets and operations in the UK and Canada, has been notified that yesterday
John Festival, Chairperson, purchased 1,000,000 ordinary shares of 0.01 pence
each in the Company ('Ordinary Shares'), at a price of CAD 0.355 per share and
that Majid Shafiq, CEO, purchased 206,607 Ordinary Shares at a price of 24.2
pence per share.

As a result, following this transaction, John Festival now has a total
beneficial interest, in aggregate, of 2,602,360 Ordinary Shares, representing
0.22% per cent. of the Company's issued share capital and Majid Shafiq has a
total beneficial interest, in aggregate, of 9,537,891 Ordinary Shares,
representing 0.80% per cent. of the Company's issued share capital.

END

Enquiries:

 i3 Energy plc                                  c/o Camarco

 Majid Shafiq (CEO)                             Tel: +44 (0) 203 781 8331

 WH Ireland Limited (Nomad and Joint Broker)

 James Joyce, Darshan Patel                     Tel: +44 (0) 207 220 1666

 Tennyson Securities (Joint Broker)

 Peter Krens                                    Tel: +44 (0) 207 186 9030

 Stifel Nicolaus Europe Limited (Joint Broker)

 Ashton Clanfield, Callum Stewart               Tel: +44 (0) 20 7710 7600

 Camarco

 Georgia Edmonds, Violet Wilson                 Tel: +44 (0) 203 781 8331

 

The following notifications are made in accordance with the requirements of
the UK Market Abuse Regulation relating to certain transactions by persons
discharging managerial responsibility:

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         1.    John Festival

                                                                  2.    Majid Shafiq
 2   Reason for notification
 a.  Position/Status                                              1.    Chairperson

                                                                  2.    CEO
 b.  Initial notification/                                        Initial Notification

     Amendment
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                         i3 Energy plc
 b.  LEI                                                          213800949OZA9QA9FS17
 4   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, type of instrument  Ordinary shares

Identification Code

                                                                  ISIN: GB00BDHXPJ60

 b.  Nature of the transaction
 c.  Price(s) and volume(s)                                       Director       Price/share  Volume (shares)
                                                                  John Festival  0.355 CAD    1,000,000
                                                                  Majid Shafiq   24.2 GBp     206,607
 d.  Aggregated information

     - Aggregated Volume                                          1,206,607

     - Price                                                      23.37 GBp per share
 e.  Date of the transaction                                      10/11/22
 f.  Place of the transactions                                    Toronto Stock Exchange and London Stock Exchange's AIM Market

d.

Aggregated information

 

- Aggregated Volume

 

- Price

 

 

1,206,607

 

23.37 GBp per share

e.

Date of the transaction

10/11/22

f.

Place of the transactions

Toronto Stock Exchange and London Stock Exchange's AIM Market

Notes to Editors:

i3 Energy is an oil and gas Company with a low cost, diversified, growing
production base in Canada's most prolific hydrocarbon region, the Western
Canadian Sedimentary Basin and appraisal assets in the North Sea with
significant upside.

The Company is well positioned to deliver future growth through the
optimisation of its existing 100% owned asset base and the acquisition of long
life, low decline conventional production assets.

i3 is dedicated to responsible corporate practices and the environment, and
places high value on adhering to strong Environmental, Social and Governance
("ESG") practices. i3 is proud of its performance to date as a responsible
steward of the environment, people, and capital management. The Company is
committed to maintaining an ESG strategy, which has broader implications to
long-term value creation, as these benefits extend beyond regulatory
requirements.

i3 Energy is listed on the AIM market of the London Stock Exchange under the
symbol I3E and on the Toronto Stock Exchange under the symbol ITE. For further
information on i3 Energy please visit  https://i3.energy/
(https://i3.energy/)  .

The Company deems this announcement to constitute inside information under the
Market Abuse Regulation (EU) No. 596/2014.

 

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