Ithaca Energy PLC

Director's Dealing • Oct 22, 2024

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author: Yaniv Cohen
date: 2024-10-21 08:52:00+00:00

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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.

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

1. Reason for Notification

An acquisition or disposal of voting rights

1. 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

1. 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)

1. Date on which the threshold was crossed or reached

03-Oct-2024

1. Date on which Issuer notified

07-Oct-2024

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

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

8A. Voting rights attached to shares

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

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

1. 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)

3. 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

1. Additional Information

2. Date of Completion

22-Oct-2024

1. Place Of Completion

London, England

	Details of PDMR / PCA	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
	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	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)

|
| (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 |

.	% 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) | | | | |

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
863,545,333	0	52.218	0.000000
Sub Total 8.A	863,545,333	863,545,333	52.218%	52.218%

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Sub Total 8.B2

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 than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Mr Itshak Sharon Tshuva	Delek Group Limited	52.218		52.218