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28 Aug 2014 07:00
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
Ithaca Energy Inc.
Officers' Share Purchase
28 August 2014
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") announces that on 26 August 2014 the Officers of the Company increased their beneficial shareholdings in Ithaca through the purchase of Common Shares pursuant to the Company's Market Share Incentive Plan ("SIP"). These purchases were made by MM&K Share Plan Administration, the trustee of the SIP.
The individuals named below increased their beneficial shareholdings in the Company by a total of 20,070 Common Shares at a price of £1.345 per Common Share (the maximum permissible under the SIP) as follows:
Name | Designation | Common Shares Purchased | ResultantHolding |
Les Thomas | Officer & Director | 4,014 shares | 4,014 shares |
Graham Forbes | Officer | 4,014 shares | 266,319 shares |
Nicholas Muir | Officer | 4,014 shares | 24,119 shares |
Mike Travis | Officer | 4,014 shares | 61,361 shares |
John Woods | Officer | 4,014 shares | 313,119 shares |
Enquiries:
Ithaca Energy | ||
Graham Forbes | gforbes@ithacaenergy.com | +44 (0)1224 652 151 |
Richard Smith | rsmith@ithacaenergy.com | +44 (0)1224 652 172 |
FTI Consulting | ||
Edward Westropp | edward.westropp@fticonsulting.com | +44 (0)203 727 1521 |
Shannon Brushe | shannon.brushe@fticonsulting.com | +44 (0)203 727 1077 |
Cenkos Securities | ||
Neil McDonald | nmcdonald@cenkos.com | +44 (0)131 220 6939 |
Beth McKiernan | bmckiernan@cenkos.com | +44 (0)131 220 9778 |
RBC Capital Markets | ||
Tim Chapman | tim.chapman@rbccm.com | +44 (0)207 653 4641 |
Matthew Coakes | matthew.coakes@rbccm.com | +44 (0)207 653 4871 |
About Ithaca Energy
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries, the exploitation of its existing UK producing asset portfolio and a Norwegian exploration and appraisal business targeting the generation of discoveries capable of monetisation prior to development. Ithaca's strategy is centred on generating sustainable long term shareholder value by building a highly profitable 25kboe/d North Sea oil and gas company. For further information please consult the Company's website www.ithacaenergy.com.
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
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