LONDON - Ithaca Energy (LON:ITH) PLC (LSE:IAE) has announced that two of its top executives participated in a company share purchase plan, according to a statement released on January 7, 2025. Yaniv Friedman, the Executive Chairman, and Iain Lewis (JO:LEWJ), the Chief Financial Officer, both acquired ordinary shares of Ithaca Energy as part of the company's Share Incentive Plan (SIP).
The SIP, which is approved by HM Revenue and Customs, allows employees to purchase company shares using deductions from their monthly salary. On January 6, 2025, the executives each bought 121 ordinary shares at a price of £1.23733 per share through the London Stock Exchange (LON:LSEG) (LSE:XLON). Additionally, on the same day, they each received 242 ordinary shares as Matching Shares under the same plan, with these shares held through the SIP Trustee.
The transactions were conducted on the London Stock Exchange and are part of the company's efforts to align the interests of its management with those of the shareholders. The purchases and awards of shares under the SIP are part of a broader employee share plan arrangement intended to incentivize employees across the organization.
Ithaca Energy, an oil and gas company with operations in the North Sea, is traded on the London Stock Exchange under the ticker symbol IAE. The company's legal entity identifier is 21380057TNFLXPXBIP34.
This information is based on a press release statement from Ithaca Energy and is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom (TADAWUL:4280).
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