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5 Jul 2023 07:00
5 July 2023
i3 Energy plc
("i3", "i3 Energy", "i3Ā Canada", or the "Company")
Director Dealings
i3 Energy plcĀ (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in theĀ UKĀ andĀ Canada, has been notified that on 4 July 2023, Majid Shafiq, CEO, purchased 196,318 ordinary shares ofĀ 0.01 penceĀ each in the Company ('Ordinary Shares'), at a price ofĀ 12.7 penceĀ per share.
As a result, following this transaction,Ā Majid ShafiqĀ now has a total beneficial interest, in aggregate, of 9,734,609 Ordinary Shares, representing 0.81% per cent. of the Company's issued share capital.
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Enquiries:
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i3 Energy plc Majid ShafiqĀ (CEO) | c/o Camarco Tel: +44 (0) 203 781 8331 |
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WH Ireland LimitedĀ (Nomad and Joint Broker) James Joyce,Ā Darshan Patel | Ā Tel: +44 (0) 207 220 1666 |
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Tennyson SecuritiesĀ (Joint Broker) Peter Krens | Ā Tel: +44 (0) 207 186 9030 |
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Stifel Nicolaus Europe LimitedĀ (Joint Broker) Ashton Clanfield,Ā Callum Stewart | Ā Tel: +44 (0) 20 7710 7600 |
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Camarco Georgia Edmonds, Violet Wilson, Sam Morris | Ā Tel: +44 (0) 203 757 4980 |
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The following notifications are made in accordance with the requirements of the UK Market Abuse Regulation relating to certain transactions by persons discharging managerial responsibility:
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a. | Name | Majid Shafiq |
2 | Reason for 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 | i3 Energy plc |
b. | LEI | 213800949OZA9QA9FS17 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a. | Description of the financial instrument, type of instrumentIdentification Code | Ordinary shares Ā ISIN: GB00BDHXPJ60 |
b. | Nature of the transaction | Purchase of Ordinary Shares |
c. | Price(s) and volume(s) | Price: 12.7 pence Volume: 196,318 |
d. | Aggregated information Ā -Aggregated Volume Ā - Price | Ā Ā Ā 196,318 Ā 12.7 pence per share |
e. | Date of the transaction | 4 July 2023 |
f. | Place of the transaction | AIM |
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Notes to Editors:
i3 Energy is an oil and gas Company with a low cost, diversified, growing production base inĀ Canada'sĀ most prolific hydrocarbon region, theĀ Western Canadian Sedimentary BasinĀ and appraisal assets in theĀ North SeaĀ with significant upside.
The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets.
i3 is dedicated to responsible corporate practices and the environment, and places high value on adhering to strong Environmental, Social and Governance ("ESG") practices. i3 is proud of its performance to date as a responsible steward of the environment, people, and capital management. The Company is committed to maintaining an ESG strategy, which has broader implications for long-term value creation, as these benefits extend beyond regulatory requirements.
i3 Energy is listed on the AIM market of theĀ London Stock ExchangeĀ under the symbol I3E and on theĀ Toronto Stock ExchangeĀ under the symbol ITE. For further information on i3 Energy please visit https://i3.energy/.
This announcement does not contain inside information.
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