Ithaca Energy PLC (ITH), the North Sea-focused oil and gas producer listed on the London Stock Exchange, has disclosed that three senior executives acquired ordinary shares through its Share Incentive Plan on 5 November 2026. The purchases were made by Computershare Share Plan Trustees Limited on behalf of Executive Chairman Yaniv Friedman, Chief Executive Officer Luciano Vasques, and Chief Financial Officer Iain Lewis. The transactions were notified to the company on 9 November 2026 and disclosed in accordance with Article 19 of the EU Market Abuse Regulation, underlining the company's ongoing transparency obligations to investors.

Key Points

  • Ithaca Energy PLC (ITH), North Sea oil and gas producer listed on the London Stock Exchange
  • Executive Chairman, CEO, and CFO each purchased 59 ordinary shares at £2.536 per share on 5 November 2026 under the company's Share Incentive Plan
  • Each PDMR also received 118 matching shares at nil cost under the same SIP arrangement on the same date
  • Investors may watch for further monthly SIP disclosures as the all-employee plan operates on a monthly salary-deduction basis

Yaniv Friedman, Luciano Vasques and Iain Lewis Each Acquire 59 Shares at £2.536 via Monthly SIP Purchase

According to the announcement, each of the three PDMRs — Executive Chairman Yaniv Friedman, CEO Luciano Vasques, and CFO Iain Lewis — purchased 59 ordinary shares at a price of £2.536 per share on 5 November 2026. The transactions were executed on the London Stock Exchange and conducted through Computershare Share Plan Trustees Limited in its capacity as SIP Trustee. The purchases were funded through monthly salary deductions, as is standard under the plan's structure. The company did not disclose the aggregate monetary value of the combined executive purchases in the announcement.

HMRC-Approved Share Incentive Plan Awards 118 Matching Shares to Each Executive at Nil Cost

Alongside the purchased shares, each PDMR received an award of 118 ordinary shares as Matching Shares under the Ithaca Energy Share Incentive Plan, also transacted on 5 November 2026 on the London Stock Exchange. These matching shares were awarded at nil cost to the recipients, as is consistent with the structure of HMRC-approved SIP arrangements. The SIP is described in the announcement as an all-employee share plan under which any eligible employee may participate through salary deductions each monthly pay period, with Ithaca Energy's senior leadership participating alongside the broader workforce.

Article 19 MAR Disclosure Reflects Ithaca Energy's Regulatory Obligations for PDMR Transactions

The notification was made in compliance with Article 19 of the EU Market Abuse Regulation, which requires companies to disclose transactions in their securities conducted by persons discharging managerial responsibilities. Ithaca Energy's LEI is recorded as 21380057TNFLXPXBIP34 in the filing. Such disclosures provide investors with visibility into director-level share activity, though SIP purchases of this nature are routine and structured rather than discretionary open-market transactions. The company's investor relations contact is Kathryn Reid, with Camarco acting as PR advisers to Ithaca Energy.