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2 Sep 2025 11:56
2 September 2025
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 1 September 2025.
Grant of performance share awards to PDMRs
On 1 September 2025, the Company granted a performance share award ("Performance Share Award") under the Ithaca Energy Long Term Incentive Plan to the PDMRs listed below:
PDMR | No. of shares under Performance Share Award |
Yaniv Friedman | 443,655 |
Luciano Vasques | 532,386 |
Iain Lewis | 354,924 |
The Performance Share Award is granted in the form of a nil-cost option, which will vest and become exercisable on 1 September 2028 (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 performance condition measuring the Company's total shareholder return over a period of three financial years (commencing with the current financial year) relative to the total shareholder return of a comparator group of companies in the Energy sector.
This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.
For further information, please contact:
Company: Kathryn Reid - Head of Investor Relations & External Affairs |
kathryn.reid@ithacaenergy.com
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Camarco (PR Advisers to Ithaca Energy) | +44 (0)203 757 4980 | |
Billy Clegg / Owen Roberts / Violet Wilson | ithacaenergy@apcoworldwide.com | |
1. | Details of PDMR / PCA | |||||
a) | Name | Yaniv Friedman | ||||
2. | Reason for the notification | |||||
a) | Position/status | Executive Chairman | ||||
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; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument Identification code | Ordinary 1p shares | ||||
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) |
| ||||
d) | Aggregated information
| Not applicable, single transaction | ||||
e) | Date of the transaction | 1 September 2025 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
2. | Details of PDMR / PCA | |||||
a) | Name | Luciano Vasques | ||||
2. | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
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; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument Identification code | Ordinary 1p shares | ||||
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) |
| ||||
d) | Aggregated information
| Not applicable, single transaction | ||||
e) | Date of the transaction | 1 September 2025 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
3. | Details of PDMR / PCA | |||||
a) | Name | Iain Lewis | ||||
2. | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
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; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument Identification code | Ordinary 1p shares | ||||
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) |
| ||||
d) | Aggregated information
| Not applicable, single transaction | ||||
e) | Date of the transaction | 1 September 2025 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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