Ithaca Energy PLC (GB:ITH) has released an update.
Ithaca Energy PLC has announced a significant transaction involving its shareholder Delek Group Limited’s sale of 59,356,256 ordinary shares at 102 pence each, as part of their obligations to maintain public shareholding above 10% following a Business Combination with Eni’s UK upstream assets. The sale was committed by DKL Energy Limited, a Delek subsidiary, to a mix of existing and new investors, ensuring compliance with the UK Listing Rules. This move is linked to the strategic reshaping of Ithaca Energy’s capital structure and market positioning.
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