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LONDON - Ithaca Energy plc (LSE:LON:ITH) announced on Wednesday that two of its top executives have acquired additional shares through the company’s Share Incentive Plan (SIP).
According to a regulatory filing, Executive Chairman Yaniv Friedman and Chief Financial Officer Iain Lewis (JO:LEWJ) each purchased 89 ordinary shares at £1.684 per share on August 5. Both executives also received 178 matching shares at no cost as part of the plan.
The transactions were executed on the London Stock Exchange (LON:LSEG) by Computershare Share Plan Trustees Limited on behalf of the executives.
The SIP is an HM Revenue and Customs-approved employee share plan that allows staff to purchase company shares through regular salary deductions.
The disclosure was made in accordance with Article 19 of the EU Market Abuse Regulation, which requires persons discharging managerial responsibilities to report transactions in the company’s securities.
Ithaca Energy is an oil and gas operator focused on the UK North Sea. The information was disclosed in a regulatory news service filing based on a company press release statement.
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