Ithaca Energy PLC

Related Party Transaction • Oct 24, 2024

National Storage Mechanism | Additional information

RNS Number : 3824J

Ithaca Energy PLC

24 October 2024

NOTIFICATION

ITHACA ENERGY PLC (the "Company")

Transaction notification

The Company was notified on 22 October 2024 that Eni UK Limited had sold 24,681,658 ordinary shares in the capital of the Company at 102 pence per share pursuant to the terms of the call option agreement entered into between Eni UK Limited and DKL Energy Limited in connection with the previously announced Business Combination.

Eni UK Limited is an indirect wholly owned subsidiary of Eni S.p.A. Eni S.p.A. is a person closely associated with two PDMRs, Mr Francesco Gattei and Mr Guido Brusco, 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

Eni UK Limited

(b)

Position / status

PCA of PDMRs Francesco Gattei and Guido Brusco

(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 shares on exercise of call option by DKL Energy Limited

(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

-    Price

24,681,658

£ 25,175,291.2 (payment was net of reimbursement for sale expenses)

(e)

Date of the transaction

18 October 2024

(f)

Place of the transaction

Outside of trading venue

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