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LONDON - Ithaca Energy (LON:ITH) plc (LON:IAE), an oil and gas operator, has disclosed transactions under its Share Incentive Plan (SIP) involving key executives. According to a notification dated April 7, 2025, the company's Executive Chairman, Yaniv Friedman, and Chief Financial Officer, Iain Lewis (JO:LEWJ), each purchased 117 ordinary shares at a price of £1.2833 per share.
The SIP is a scheme allowing employees to acquire shares using salary deductions. Additionally, both executives received 234 matching shares at no cost, as part of the same plan, which encourages long-term employee investment in the company.
The transactions took place on the London Stock Exchange (LON:LSEG) (XLON), underscoring the executives' commitment to the company amidst the ongoing market conditions. The SIP is designed to align the interests of employees and shareholders by providing a stake in the company's performance.
Ithaca Energy, which is listed on the London Stock Exchange, operates in the oil and gas industry, with activities including exploration, development, and production. The company's share performance and executive dealings are often monitored by investors as indicators of confidence in the company's future prospects.
This latest development follows Ithaca Energy's continuous efforts to promote employee ownership and engagement. The company's adherence to the EU Market Abuse Regulation in disclosing these transactions reflects its commitment to transparency and good governance practices.
The information on these transactions is based on a press release statement issued by Ithaca Energy plc.
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