Director / PDMR Shareholdings

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	[e-mail]
FTI Consulting - PR Advisers to Ithaca Energy Ben Brewerton / Nick Hennis	[phone] [e-mail]

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

 

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