Ithaca Energy PLC (GB:ITH) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into GB:ITH stock, check out TipRanks’ Stock Analysis page.