REG - i3 Energy PLC - Director Dealings

I3 EnergyAnnouncement

05/07/2023 07:00

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RNS Number : 0372F  i3 Energy PLC  05 July 2023

5 July 2023

i3 Energy plc

("i3", "i3 Energy", "i3 Canada", 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 on 4
July 2023, Majid Shafiq, CEO, purchased 196,318 ordinary shares of 0.01
pence each in the Company ('Ordinary Shares'), at a price of 12.7 pence per
share.

As a result, following this transaction, Majid Shafiq now has a total
beneficial interest, in aggregate, of 9,734,609 Ordinary Shares, representing
0.81% per cent. of the Company's issued share capital.

 

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, Sam Morris      Tel: +44 (0) 203 757 4980

 

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                                                         Majid Shafiq
 2   Reason for notification
 a.  Position/Status                                              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                                    Purchase of Ordinary Shares
 c.  Price(s) and volume(s)                                       Price: 12.7 pence

                                                                  Volume: 196,318
 d.  Aggregated information

     -Aggregated Volume

                                                                  196,318

     - Price

                                                                  12.7 pence per share
 e.  Date of the transaction                                      4 July 2023
 f.  Place of the transaction                                     AIM

 

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 for
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/) .

This announcement does not contain inside information.

 

 

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