| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ithaca Energy Plc | LSE:ITH | London | Ordinary Share | GB00BPJHV584 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 7.20 | 4.93% | 153.20 | 151.80 | 152.40 | 153.80 | 147.80 | 149.00 | 400,102 | 16:35:16 |
| Industry Sector | Turnover (m) | Profit (m) | EPS - Basic | PE Ratio | Market Cap (m) |
|---|---|---|---|---|---|
| INDUSTRIAL TRANSPORTATION | - | - | - | - | 149 |
Ithaca Energy PLC Director / PDMR Shareholdings
23/12/2022 7:00am
UK Regulatory (RNS & others)
Ithaca Energy (LSE:ITH)
Historical Stock Chart
From Dec 2022 to Jun 2023
TIDMITH TIDMTTM
RNS Number : 6767K
Ithaca Energy PLC
23 December 2022
Friday 23 December 2022
Ithaca Energy plc
("Ithaca Energy" 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 21 December 2022.
Grant of restricted share awards to PDMRs
On 21 December 2022, the Company granted restricted share awards ("Restricted Share Awards") under the new Ithaca Energy Long Term Incentive Plan (the "LTIP") to the PDMRs listed below:
PDMR No. of shares under
Restricted Share
Award
Iain Lewis 120,000
--------------------
Each Restricted Share Award is granted in the form of a nil-cost option and which will vest and become exercisable in three distinct tranches, on the first second and third anniversaries of the date on which the Company's shares were first admitted to trading on the London Stock Exchange ("Admission").
The Restricted Share Awards are intended to recognise effort and performance of each individual recipient up to Admission and to provide an incentive and retention mechanism for recipients.
Grant of performance share awards to PDMRs
On the same date, 21 December 2022, the Company granted performance share awards ("Performance Share Awards") under the new LTIP to the PDMRs listed below:
PDMR No. of shares under
Performance Share
Award
Iain Lewis 240,000
Alan Alexander Bruce 360,000
--------------------
Each Performance Share Awards are granted in the form of a nil-cost option and which will vest and become exercisable on the later of: (i) the third anniversary of the grant date; and (ii) the date on which Remuneration Committee determines that the applicable performance conditions are met.
The Performance Share Awards are subject to stretching performance conditions measuring the financial, operational and business performance of the Company. The detail of the performance conditions is considered by the Company to be commercially sensitive and is not provided in this announcement. However full disclosure of the applicable performance conditions will be provided in the Company's next annual report and accounts.
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 Investor Relations,
Corporate Affairs & Communications kathryn.reid@ithacaenergy.com
FTI Consulting - PR Advisers to Ithaca +44 (0)203 727 1000
Energy ithaca@fticonsulting.com
Ben Brewerton / Nick Hennis
1. Details of the person discharging managerial responsibilities/
person closely associated
a) Name Alan Alexander Bruce
---------------------- -------------------------------------------
2. Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Executive Officer
---------------------- -------------------------------------------
b) Initial notification/ Initial Notification
Amendment
---------------------- -------------------------------------------
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 Ordinary 1p shares
of the financial
instrument,
type of instrument
-------------------------------------------
Identification ISIN: GB00BPJHV584
code
---------------------- -------------------------------------------
b) Nature of Grant of a nil-cost option over ordinary
the transaction shares pursuant to the Ithaca Energy Long
Term Incentive Plan
---------------------- -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 360,000
----------
---------------------- -------------------------------------------
d) Aggregated Not applicable - single transaction
information
---------------------- -------------------------------------------
e) Date of the 21 December 2022
transaction
---------------------- -------------------------------------------
f) Place of the Outside a trading venue
transaction
---------------------- -------------------------------------------
1. Details of the person discharging managerial responsibilities/
person closely associated
a) Name Iain Lewis
---------------------- -------------------------------------------
2. Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Financial Officer
---------------------- -------------------------------------------
b) Initial notification/ Initial Notification
Amendment
---------------------- -------------------------------------------
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 Ordinary 1p shares
of the financial
instrument,
type of instrument
-------------------------------------------
Identification ISIN: GB00BPJHV584
code
---------------------- -------------------------------------------
b) Nature of Grant of a nil-cost option over ordinary
the transaction shares pursuant to the Ithaca Energy Long
Term Incentive Plan
---------------------- -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 360,000
----------
---------------------- -------------------------------------------
d) Aggregated Not applicable - single transaction
information
---------------------- -------------------------------------------
e) Date of the 21 December 2022
transaction
---------------------- -------------------------------------------
f) Place of the Outside a trading venue
transaction
---------------------- -------------------------------------------
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