REG - Ithaca Energy PLC Delek Group - DLEKG - Transaction notification

Ithaca EnergyAnnouncement

01/10/2024 07:15

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RNS Number : 3462G  Ithaca Energy PLC  01 October 2024

NOTIFICATION

ITHACA ENERGY PLC (the "Company")

Transaction notification

Further to the announcement made on 23 April 2024 and as set out in the
Prospectus published by Ithaca Energy plc (the "Company" or "Ithaca Energy")
on 22 August 2024 in connection with the transformational combination of
Ithaca Energy and substantially all of Eni S.p.A.'s ("Eni") UK upstream oil
and gas assets (the "Business Combination"), Delek Group Limited had
undertaken to use reasonable endeavours to sell down such number of ordinary
shares of the enlarged issued share capital of the Company, in order to ensure
that the number of ordinary shares in public hands in accordance with the
provisions of the UK Listing Rules remains at or above 10 per cent. (the
"Delek Sell Down"), prior to completion of the Business Combination.

The Company was notified, on 30 September 2024, that DKL Energy Limited has
committed to sell 59,356,256 ordinary shares in the capital of the Company at
a 102 pence per share pursuant to the Delek Sell Down, to certain existing and
new investors.

DKL Energy Limited is an indirect wholly owned subsidiary of Delek Group
Limited. Delek Group Limited is a person closely associated with two PDMRs, Mr
Idan Wallace and Mr Itshak Tshuva, both 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
 (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                Sale of Ordinary Shares
                           Price(s) and volume(s)

Price(s)             Volume(s)
                                                                    102 pence per share  59,356,256

 

 (d)                       Aggregated information                   59,356,256 at 102 pence per share
                           -    Aggregated volume

                           -    Price
 (e)                       Date of the transaction                  01.10.2024
 (f)                       Place of the transaction                 Outside of trading venue

 

 

(d)

Aggregated information

59,356,256 at 102 pence per share

-    Aggregated volume

-    Price

(e)

Date of the transaction

01.10.2024

(f)

Place of the transaction

Outside of trading venue

 

 

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