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LONDON - Ithaca Energy (LON:ITH) PLC (LSE:IAE) has reported transactions under its Share Incentive Plan (SIP), involving the purchase and award of ordinary shares to two of its top executives. The transactions took place on the London Stock Exchange (LON:LSEG) on Thursday, June 5, 2025.
The company disclosed that Yaniv Friedman, Executive Chairman, and Iain Lewis (JO:LEWJ), Chief Financial Officer, each bought 103 ordinary shares at a price of £1.448 per share. Furthermore, both executives were awarded an additional 206 ordinary shares as matching shares under the SIP, at no cost.
The SIP is a scheme approved by HM Revenue and Customs, which allows employees to purchase company shares with pre-tax salary deductions. The matching shares are typically awarded as a form of incentive, encouraging long-term investment by employees in the company.
Ithaca Energy, an oil and gas operator with a focus on the North Sea, has designed the SIP to align the interests of its employees with those of the company and its shareholders. The participation of key executives in the plan is seen as a positive signal of their commitment to the company’s future.
The transactions were carried out through Computershare Share Plan Trustees Limited, which acts as the SIP trustee. This information, required to be disclosed under the EU Market Abuse Regulation, reaffirms the ongoing investment by management in the company’s equity.
The news of these transactions comes as Ithaca Energy continues to navigate the dynamic energy market. Investors often view such purchases as a sign of confidence by management in the company’s strategy and prospects.
This report is based on a press release statement from Ithaca Energy.
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