REG - i3 Energy PLC - PDMR Dealings

I3 EnergyAnnouncement

27/09/2023 07:30

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RNS Number : 8115N  i3 Energy PLC  27 September 2023

27 September 2023

i3 Energy plc

("i3", "i3 Energy", "i3 Canada", or the "Company")

PDMR 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 22
September 2023 and 25 September 2023, Jason Dranchuk, Chief Financial Officer,
purchased in aggregate 200,000 ordinary shares of 0.01 pence each in the
Company ('Ordinary Shares'), at a price of CAD 0.215 per share.

As a result, following the transactions, Jason Dranchuk now has a total
beneficial interest, in aggregate, of 200,000 Ordinary Shares, representing
0.02% per cent. of the Company's issued share capital.

Enquiries:

 i3 Energy plc                                   c/o Camarco

 Majid Shafiq (CEO) / Jason Dranchuk (CFO)       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

 Andrew Turner, Sam Morris, Violet Wilson        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                                                         Jason Dranchuk
 2   Reason for notification
 a.  Position/Status                                              Chief Financial Officer
 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: CAD 0.215

                                                                  Volume: 200,000
 d.  Aggregated information

     -Aggregated Volume

                                                                  200,000

     - Price

                                                                  CAD 0.215 per share
 e.  Date of the transaction                                      22 September 2023 and 25 September 2023
 f.  Place of the transaction                                     Toronto Stock Exchange

 

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 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 quoted 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 advises that it has obtained an exemption pursuant to Section
602.1 of the TSX Company Manual (the Manual), in respect of certain
shareholder approval requirements that would otherwise be applicable to the
Company's Employee Stock Option Plan and Non-Employee Stock Option Plan
(together, the Plans), namely those set forth in Section 613 of the Manual
(the Exemption).  As such, the Company is exempt from complying with the
requirements of Section 613 in respect of the Plans.

Pursuant to the Manual, the Exemption will be valid for a period of three
years from the date hereof, expiring on July 17, 2026.  The Company follows
AIM Rules for Companies and has received shareholder approval for its Employee
Stock Option Plan and Non-Employee Stock Option Plan.

This announcement does not contain inside information.

 

 

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