REG - Ithaca Energy PLC Delek Group - DLEKG - Director/PDMR Shareholding

Ithaca EnergyAnnouncement

21/10/2024 16:15

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RNS Number : 0063J  Ithaca Energy PLC  21 October 2024

NOTIFICATION

ITHACA ENERGY PLC (the "Company")

Transaction notification

The Company was notified, on 18 October 2024, that DKL Energy Limited had
purchased 24,681,658 ordinary shares in the capital of the Company at a 102
pence per share pursuant to the Call Option Agreement entered into with Eni UK
Limited in connection with the previously announced Business Combination.

DKL Energy Limited is an indirect wholly owned subsidiary of Delek Group
Limited. Delek Group Limited is a person closely associated with three PDMRs,
Mr Idan Wallace and Mr Itshak Tshuva and Mr Tamir Polikar, 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                                     DKL Energy Limited
 (b)                       Position / status                        DKL Energy Limited

                                                                    PDMR Idan Wallace

                                                                    PDMR Itshak Tshuva

                                                                    PDMR Tamir Polikar
 (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                Purchase of shares -exercise of call option
 (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                   24,681,658

                           -    Price                               £25,175,291.2 (payment was net of reimbursement for sale expenses )
 (e)                       Date of the transaction                  18.10.2024
 (f)                       Place of the transaction                 Outside of trading venue

 

 

(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

18.10.2024

(f)

Place of the transaction

Outside of trading venue

 

 

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BPJHV584

Issuer Name

ITHACA ENERGY PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

DKL Energy Limited

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

03-Oct-2024

6. Date on which Issuer notified

07-Oct-2024

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  52.218                                                0.000000                                                                   52.218

                                                                                                                                                                                                                                             863,545,333

 Position of previous notification (if applicable)

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00BPJHV584                                                                          0                                            52.218                              0.000000

                                              863,545,333
 Sub Total 8.A                                863,545,333                                                                           52.218%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights

 Sub Total 8.B2

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person  Name of controlled undertaking  % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                          than the notifiable threshold
 Mr Itshak Sharon Tshuva      Delek Group Limited             52.218                                                                                                                                                  52.218

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

 

12. Date of Completion

22-Oct-2024

13. Place Of Completion

London, England

 

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