REG - Ithaca Energy PLC Delek Group - DLEKG - Senior Independent Director Appointment

Ithaca EnergyAnnouncement

16/05/2024 16:15

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RNS Number : 7913O  Ithaca Energy PLC  16 May 2024

 
Press release

Senior Independent Director Appointment

Ithaca Energy plc, ("Ithaca Energy" or the "Company"), a leading independent
oil and gas operator in the North Sea is pleased to announce the appointment
of Zvika Zivlin as Senior Independent Director, following the announcement on
2 April 2024 of John Mogford's intention to formally step down from the
role.  Zvika Zivlin will step into the role with immediate effect and will
stand for election at the Company's upcoming Annual General Meeting to be held
on 24 June 2024.

 

Zvika brings a wealth of board experience, currently holding the position of
non-executive director of Afcon Holdings Ltd, a Tel Aviv Stock Exchange listed
infrastructure, technology, and construction group, and having previously held
the position of non-executive director, over a five-year tenure, for London
Stock Exchange listed 888 plc, including roles as chair of the Remuneration
Committee and member of the Audit, Nominations and Compliance committees.

 

Zvika is the Founder and Managing Partner of Tulip Capital Partners, Wells
Fargo's former exclusive Israeli partner firm, with deep experience in cross
border transactions across a variety of sectors including energy and
infrastructure. Zvika also currently acts as advisory Board member of
Infinidat Limited, a data storage company. Zvika has previously served as
Senior Advisor to Mediobanca and Strategic Partner to Alias Tech Investments
(venture capital fund sponsored by JB Capital Markets of Javier Botin and Jose
Miguel Garcia Venture Capital).

 

Zvika will serve on Ithaca Energy's Audit and Risk Committee; Health, Safety,
Environment and Security Committee; Nomination and Governance Committee and
Remuneration Committee.

 

The Ithaca Energy Board commented: "We are delighted to welcome Zvika to the
Ithaca Energy Board. Zvika's considerable international finance and listed
company experience will be of significant value to the Board as we continue
our next phase of growth. We would like to take this opportunity to again
thank John Mogford for his contributions as Senior Independent Director over
the last one and half years since the Company's IPO."

 

Enquiries

 

 Ithaca Energy
 Kathryn Reid - Head of Investor Relations, Corporate Affairs &      kathryn.reid@ithacaenergy.com (mailto:kathryn.reid@ithacaenergy.com)
 Communications

 FTI Consulting (PR Advisers to Ithaca Energy)                       +44 (0)203 727 1000
 Ben Brewerton / Nick Hennis / Rosie Corbett                         ithaca@fticonsulting.com (mailto:ithaca@fticonsulting.com)

 

Note to editors:

 

About Ithaca Energy plc

 

Ithaca Energy is a leading UK independent exploration and production company
focused on the UK North Sea with a strong track record of material value
creation. In recent years, the Company has been focused on growing its
portfolio of assets through both organic investment programmes and
acquisitions and has seen a period of significant M&A driven growth
centred upon two transformational acquisitions in recent years. Today, Ithaca
Energy is one of the largest independent oil and gas companies in the United
Kingdom Continental Shelf (the "UKCS"), ranking second by resources.

 

With stakes in six of the ten largest fields in the UKCS and two of UKCS's
largest pre-development fields, and with energy security currently being a key
focus of the UK Government, the Group believes it can utilise its significant
reserves and operational capabilities to play a key role in delivering
security of domestic energy supply from the UKCS.

 

Ithaca Energy serves today's needs for domestic energy through operating
sustainably. The Group achieves this by harnessing Ithaca Energy's deep
operational expertise and innovative minds to collectively challenge the norm,
continually seeking better ways to meet evolving demands.

 

Ithaca Energy's commitment to delivering attractive and sustainable returns is
supported by a well-defined emissions-reduction strategy with a target of
achieving net zero by 2040.

 

Ithaca Energy plc was admitted to trading on the London Stock Exchange (LON:
ITH) on 14 November 2022.

 

-ENDS-

 

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