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 |
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| Camarco (PR Advisers to Ithaca Energy) |
+44 (0)203 757 4980 |
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| Billy Clegg / Owen Roberts / Violet Wilson |
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| 1. |
Details of PDMR / PCA |
|||||
| a) |
Name |
Yaniv Friedman |
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| 2. |
Reason for the notification |
|||||
| a) |
Position/status |
Executive Chairman |
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| b) |
Initial notification/amendment |
Initial notification |
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| 3. |
Details of the issuer emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
| a) |
Name |
Ithaca Energy plc |
||||
| b) |
LEI |
21380057TNFLXPXBIP34 |
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| 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 |
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| 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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| 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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