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

Ithaca EnergyAnnouncement

08/07/2024 07:00

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RNS Number : 4037V  Ithaca Energy PLC  08 July 2024

08 July 2024

Ithaca Energy plc

("Ithaca" or "the Company")

Director / PDMR Shareholdings

Ithaca Energy plc (ITH) makes the following announcement in respect of certain
disclosable transactions carried out by certain of its directors and persons
discharging managerial responsibilities ("PDMRs") on 04 July 2024.

Grant of performance share awards to PDMRs

On 04 July 2024, the Company granted a performance share award ("Performance
Share Award") under the Ithaca Energy Long Term Incentive Plan to the PDMR
listed below:

 

 PDMR        No. of shares under Restricted Share Award
 Iain Lewis  808,276

 

The Performance Share Awardis granted in the form of a nil-cost option and
which will vest and become exercisable on 04 July 2027 (or, if later, the date
on which the Remuneration Committee determines that the applicable performance
conditions (described below) are met).

The Performance Share Awardis subject to a performance condition measuring the
Company's total shareholder return over a period of three financial years
(commencing with the current financial year) relative to the total shareholder
return of a comparator group of companies in the Energy sector.

This announcement is made in accordance with Article 19 of the EU Market Abuse
Regulation 596/2014, as retained in UK law pursuant to the European Union
(Withdrawal) Act 2018.

 

For further information, please contact:

 Company:

 Kathryn Reid - Head of Corporate Affairs & Communications

                                                                 kathryn.reid@ithacaenergy.com

 FTI Consulting - PR Advisers to Ithaca Energy                   +44 (0)203 727 1000

Ben Brewerton / Nick Hennis
ithaca@fticonsulting.com (mailto:ithaca@fticonsulting.com)

 

 

 

 

 

 1.  Details of the person discharging managerial responsibilities/ person closely
     associated
 a)  Name                                                         Iain Lewis
 2.  Reason for the notification
 a)  Position/status                                              CFO and interim CEO
 b)  Initial notification/ Amendment                              Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Ithaca Energy plc

 b)  LEI                                                          21380057TNFLXPXBIP34
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; (iv) each place
     where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary 1p shares

     Identification code                                          ISIN: GB00BPJHV584
 b)  Nature of the transaction                                    Grant of an award over ordinary shares pursuant to the Ithaca Energy Long Term
                                                                  Incentive Plan

 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            Nil       808,276

 d)  Aggregated information                                        Not applicable - single transaction
 e)  Date of the transaction                                      04 July 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 Not applicable - single transaction

e)

Date of the transaction

04 July 2024

f)

Place of the transaction

Outside a trading venue

 

 

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