Ithaca Energy PLC Director / PDMR Shareholdings

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	[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	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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

DSHFZMMGZDZGDZM