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LONDON - Ithaca Energy plc (LSE:LON:ITH) announced on Tuesday that two of its top executives have acquired additional shares through the company’s Share Incentive Plan (SIP).
Executive Chairman Yaniv Friedman and Chief Financial Officer Iain Lewis (JO:LEWJ) each purchased 98 ordinary shares at £1.529 per share on July 7, according to a regulatory filing. Additionally, both executives were awarded 196 matching shares each at no cost as part of the plan.
The transactions were executed through Computershare Share Plan Trustees Limited, which manages the company’s SIP program. The SIP is an HM Revenue and Customs-approved employee share plan that allows staff to purchase company shares through salary deductions.
The company disclosed the share purchases in accordance with the EU Market Abuse Regulation, which requires public reporting of transactions by persons discharging managerial responsibilities.
Ithaca Energy is an oil and gas company operating in the UK North Sea. The transactions took place on the London Stock Exchange (LON:LSEG).
The information was released in a company press release statement.
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