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ITH Ithaca Energy Plc

133.00
-12.60 (-8.65%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -12.60 -8.65% 133.00 133.80 134.00 140.00 131.20 140.00 1,886,466 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 2.6B 1.03B 1.0169 1.32 1.36B
Ithaca Energy Plc is listed in the Offices-holdng Companies sector of the London Stock Exchange with ticker ITH. The last closing price for Ithaca Energy was 145.60p. Over the last year, Ithaca Energy shares have traded in a share price range of 123.20p to 187.00p.

Ithaca Energy currently has 1,014,372,281 shares in issue. The market capitalisation of Ithaca Energy is £1.36 billion. Ithaca Energy has a price to earnings ratio (PE ratio) of 1.32.

Ithaca Energy Share Discussion Threads

Showing 2551 to 2575 of 2650 messages
Chat Pages: 106  105  104  103  102  101  100  99  98  97  96  95  Older
DateSubjectAuthorDiscuss
09/11/2022
09:49
They should buy HUR who have put themselves up for sale and are cash rich
sheepshagger1
09/11/2022
08:30
Going to be lots pumping about who it potentially will be........lots of potential candidates........
pro_s2009
09/11/2022
08:26
I wonder who their next M & A candidate will be?
chessman2
09/11/2022
07:19
Offer Highlights

-- The Offer Price has been set at 250 pence per Ordinary Share.
-- Ithaca Energy's total market capitalisation at the commencement of conditional dealings on the main market of London Stock Exchange will be approximately GBP2.5 billion ($2.9 billion) based on the Offer Price.

-- The Offer comprises 105,000,000 new Ordinary Shares being sold by the Company. This equates to a total offer size of GBP262.5 million ($303.6 million) and represents approximately 10.4 per cent of Ithaca Energy's issued share capital on Admission. The Company will retain no net proceeds from the Offer, with all net proceeds ultimately being received by Delek Group Ltd ("Delek").

-- In addition, a further 15,000,000 Ordinary Shares in the Company are being made available by DKL Energy Limited ("DKL Energy"), the Company's immediate shareholder and an entity ultimately owned by Delek, pursuant to the over-allotment option, which, if exercised in full, would increase the number of shares in public hands to 120,000,000 Ordinary Shares in total and approximately 11.9 per cent of Ithaca Energy's issued share capital.

-- Immediately following Admission, the Company's issued share capital will be 1,005,162,217 Ordinary Shares.

-- The Prospectus, including full details of the Offer, will be submitted for approval with the FCA and is expected to be published later today. A copy of the Prospectus, following publication, will be available on the Company's website at ( www.ithacaenergy.com ), subject to certain access restrictions.

pro_s2009
09/11/2022
07:15
Announcement of Offer Price

Offer Price Set at 250 pence per Ordinary Share

Following the announcement made by Ithaca Energy on 25 October 2022 of its intention to float, Ithaca Energy today announces the successful pricing of its initial public offering (the "IPO" or the "Offer") at 250 pence per Ordinary Share (the "Offer Price"). Based on the Offer Price, Ithaca Energy's market capitalisation will be approximately £2.5 billion ($2.9 billion) at the commencement of conditional dealings on the main market of the London Stock Exchange.

Gilad Myerson, Executive Chairman of Ithaca Energy said:

"I am delighted with the outcome of our IPO. We have received great support from a high-quality selection of institutional investors and I am excited to welcome them on board as we continue to create value in the public markets.


Ithaca Energy has undergone a transformation over the past three years to become one of the UK's leading independent oil and gas companies and I am very excited for what lies ahead as we continue our journey in the public markets."

pro_s2009
09/11/2022
07:06
Header to be updated in due course.
pro_s2009
02/9/2011
10:29
My cheque from Capita just arrived! Thought it was to be November some time.

So Cheerio to this thread, and perhaps see some of you on another. (Have to invest this somewhere......!
H

hew
09/8/2011
07:58
Anyone any idea when we'll actually get the cash for these? Watch the markets recover just before we get it no doubt....could do with it now with the amount of bargains kicking around!!
johnamill
03/8/2011
00:00
Cheap, cheap, cheap! Though happy to be shot of my last few, which are in fact my first few, albeit at a small loss. At least it's a meaningful price, rather than a trivial one, and I did well out of most of my significant holdings over the years. So, through gritted teeth, I'll say Good Luck to the new organisation and those that sail in her. H
hew
02/8/2011
08:41
I'm quite happy as I bought at about 26p....so a decent return!! And it's money that will soon be freed up that has just been sitting there.
johnamill
28/7/2011
19:42
Disappointed, I continue to think it's worth more. Why did the management accept such a low value, must be going to the new company. With 78% acceptances it looks over. B*gg*r
fundementals
28/7/2011
11:19
I don't think that this is a great offer.

However, given the level of acceptances, it's a done deal.

biggest bill
28/7/2011
11:08
Nice Guys!!

*DJ Inrix Holdings UK Ltd Offer for ITIS Holdings plc

(END) Dow Jones Newswires

July 28, 2011 07:03 ET (11:03 GMT)

Copyright (c) 2011 Dow Jones & Company, Inc.

TIDMZZZZ

RNS Number : 2745L

Inrix Holdings UK Ltd

28 July 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO

28 July 2011

RECOMMENDED CASH OFFER

for ITIS Holdings plc

by INRIX Holdings UK Ltd (a wholly owned subsidiary of INRIX, Inc)

Summary

-- The Board of ITIS and the Board of INRIX are pleased to announce that agreement has been reached on the terms of a recommended cash offer, to be made by INRIX UK, to acquire the entire issued and to be issued share capital of ITIS.

-- The Offer price is 37.48 pence in cash for each ITIS Share. This represents a premium of:

-- approximately 226 per cent. over the price of 11.5 pence, being the price paid per ITIS share on 6 June 2011, being the most recent transaction in ITIS Shares that the Board of ITIS is aware of as at 27 July 2011; and

-- approximately 210 per cent. over the price of 12.1 pence, being the price paid per ITISShare on 24 January 2011, being the highest price paid per ITIS Share since the cancellation of ITIS Shares from trading on AIM that the Board of ITIS is aware of as at 27 July 2011.

-- The Offer values the entire issued share capital of ITIS at approximately GBP36.9 million.

-- INRIX is a leading provider of accurate real-time, historical and predictive traffic information. INRIX is a privately held corporation based in Seattle in the USA and was founded in July 2004 by former Microsoft executives Bryan Mistele and Craig Chapman. INRIX's mission is to reduce traffic congestion by providing traffic and connected driving services across public sector, automotive, mobile, media, and fleet markets to the world's one billion drivers.

-- INRIX UK is a wholly owned subsidiary of INRIX which was incorporated in the UK for the purpose of making the Offer.

-- It is intended that the business of the ITIS Group will continue substantially as it is at present.

-- The Board of ITIS, who have been so advised by PricewaterhouseCoopers, financial advisers to ITIS, consider the terms of the Offer to be fair and reasonable. In providing such advice, PricewaterhouseCoopers has taken into account the commercial assessments of the Board of ITIS.

-- INRIX UK has received irrevocable undertakings to accept or procure acceptance of the Offer and a letter of intent to accept the Offer in respect of a total of 73,796,320 issued ITIS Shares, and a total of 3,690,001 options over ITIS Shares, which amount, in aggregate, to 77,486,321 issued ITIS Shares, representing, in aggregate, approximately 78.71 per cent. of the issued ordinary share capital of ITIS. The Offer will be conditional, inter alia, upon valid acceptances being received in respect of not less than 90 per cent. (or such lower percentage being not less than 84.60 per cent., as INRIX UK decides) in nominal value of the issued ordinary share capital of ITIS.

-- INRIX UK intends that the Offer Document, setting out the full terms of the Offer, together with the Form of Acceptance, will be posted to ITIS Shareholders as soon as is reasonably practicable and, in any event (unless the Panel permits otherwise), within 28 days after the date of this announcement.

Comments on the Offer

-- Bryan Mistele, Chairman of INRIX, said:

"We are pleased to be announcing today the recommended offer for ITIS by INRIX. We have long admired the business ITIS has built in Europe, and believe combining our companies can take us one step closer to achieving our mission of reducing traffic by providing better information and driver services globally. We are committed to continuing to grow and expand the ITIS business moving forward."

-- Sir Trevor Chinn, Chairman of ITIS Holdings plc, said:

"We are delighted to be announcing today the recommended offer for ITIS by INRIX, which is the culmination of an extensive market testing process and a lot of work by the ITIS management team. The Offer price represents a significant premium to the prices at which the relatively illiquid unlisted ITIS Shares have traded in the period since the delisting from AIM, and gives ITIS Shareholders the opportunity to sell their entire shareholdings in ITIS for cash."

Zeus Capital is acting as financial adviser to INRIX. PricewaterhouseCoopers is acting as financial adviser to ITIS.

Enquiries:

INRIX Holdings UK Ltd

Tel: +1 425 284 3800

Bryan Mistele (Chairman)

Jeff deCillia (CFO)

ITIS Holdings plc

Tel: +44(0)16 1927 3600

Stuart Marks (CEO)

Zeus Capital Limited

Financial adviser to INRIX UK and INRIX

Tel: +44(0)16 1831 1512

Alex Clarkson

Tom Rowley

PricewaterhouseCoopers LLP

Financial adviser to ITIS

Tel: +44(0)20 7583 5000

Neil Sutton

Rob Morgan

Jon Raggett

This summary

topinfo
26/7/2011
10:52
I'm still holding some of these, been on the backburner for a while now. Was interesting to see the brief trading statement re the profit. No word on any dividend payable though....I wonder if?

Only available via matched bargaining facility.....could be tempted to top up!!

johnamill
22/7/2011
09:56
Itis Holdings has announced that it has cancelled all of the ordinary shares which were held in treasury. This tidying up of the share structure may mean that a takeover bid is imminent.
biggest bill
11/7/2011
12:50
The profit for the year was £1.83m and the cash balance was over £4.5m. No mention of any takeover bid in the latest trading update.
biggest bill
05/3/2011
10:05
I suppose it would be reasonable to assume that a purchaser would want the final years figures ie the end of the month
sydney4
01/3/2011
17:14
Bill,

Yes, I too wonder what is going on. As a private Co. I don't suppose there are any restrictions imposed re such matters.

On the basis of the improving financials and international opportunities, I'm in no rush provided that we do get a fair deal in the end. I must say that given a decent cash offer, I would be minded to accept, rather than continue holding under new ownership.

hew
01/3/2011
09:44
Hew, that is quite a disturbing post.

It is taking a very long time for any bid to arrive. In fact, this is the longest period of time I have ever waited for a proposed bid to materialise or be abandoned.

biggest bill
28/2/2011
18:57
A thought provoking piece in IC for 18 Feb, p22.

In answer to a letter, it seems entirely legal for an unquoted company to squeeze out holders with only a few shares by the strategem of voting a large ratio consolidation. Example is NRG going for 10,000:1. Any holding that thus becomes less than single share is forced to accept whatever price the directors care to offer.

I trustingly believe that the calibre of our directors is such that any such grossly immoral procedure would not be contemplated, particularly given that I expect those of us still holding have supported the Co for many years.

If a buyout does happen though, it may be as well not to discount the possibility in respect of any new owners

Sorry to raise a disconcerting thought - better forewarned though!

hew
15/2/2011
16:06
That's exactly what i've been doing dd776, though it is a virtual mattress of course. I just hate not knowing what's happening, I don't feel in control of my investment at all. Let's hope there is good news downstream anyway!!
Cheers

johnamill
14/2/2011
08:45
just keep the shares under the mattress for a rainy day. Happy valentines day
dd776
10/2/2011
16:11
There is nothing new on the Itis Holdings website. Presumably, talks are still going on. If the discussions had finished without result, an announcement would almost certainly have been made.
biggest bill
10/2/2011
14:41
All went very quiet on this one of late.....anyone with any info at all??
johnamill
14/12/2010
14:48
I see that the interim results are out. The profit for the first six months of the year came in at just under one million pounds which is a big improvement on last year.

"Discussions are now continuing with a number of parties" regarding a possible offer. It certainly sounds as if there are at least two possible bidders for the company. This sounds quite promising; a bit of competition for the company might result in a reasonable offer being made.

biggest bill
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