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:
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PDMR |
No. of shares under Restricted Share Award |
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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:
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Company: Kathryn Reid - Head of Corporate Affairs & Communications
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kathryn.reid@ithacaenergy.com
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FTI Consulting - PR Advisers to Ithaca Energy Ben Brewerton / Nick Hennis |
+44 (0)203 727 1000
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1. |
Details of the person discharging managerial responsibilities/ person closely associated |
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a) |
Name |
Luciano Vasques |
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2. |
Reason for the notification |
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a) |
Position/status |
CEO |
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b) |
Initial notification/ Amendment |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Ithaca Energy plc
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b) |
LEI |
21380057TNFLXPXBIP34 |
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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 |
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a) |
Description of the financial instrument, type of instrument
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Ordinary 1p shares
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Identification code |
ISIN: GB00BPJHV584 |
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b) |
Nature of the transaction |
Grant of an award over ordinary shares pursuant to the Ithaca Energy Long Term Incentive Plan
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c) |
Price(s) and volume(s)
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d) |
Aggregated information |
Not applicable - single transaction |
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e) |
Date of the transaction |
11 October 2024 |
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f) |
Place of the transaction |
Outside a trading venue |
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