RNS Number : 1028I
Ithaca Energy PLC
14 October 2024
 

14 October 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 11 October 2024.

Grant of performance share awards to PDMRs

On 11 October 2024, the Company granted performance share awards ("Performance Share Awards") under the Ithaca Energy Long-Term Incentive Plan to the PDMRs listed below:

 

PDMR

No. of shares under Restricted Share Award

Luciano Vasques

819,970

 

Each Performance Share Awards are granted in the form of a nil-cost option and which will become exercisable on 11 October 2027 (or, if later, the date on which the Remuneration Committee determines that the applicable performance conditions (described below) are met).

The Performance Share Awards are subject to a relative TSR performance condition.

This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

 

For further information, please contact:

Company:

Kathryn Reid - Head of Corporate Affairs & Communications

 

 

 

 

kathryn.reid@ithacaenergy.com

 

FTI Consulting - PR Advisers to Ithaca Energy

Ben Brewerton / Nick Hennis

+44 (0)203 727 1000

ithaca@fticonsulting.com

 


 

 

 

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

 Luciano Vasques

2.

Reason for the notification

a)

Position/status

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

819,970

d)

Aggregated information

 Not applicable - single transaction

e)

Date of the transaction

11 October 2024

f)

Place of the transaction

Outside a trading venue

 

 

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