24 November 2023
i3 Energy plc
("i3", "i3 Energy", "i3 Canada", or the "Company")
Director Dealings
i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, has been notified that on 23 November 2023, Majid Shafiq, CEO and Executive Director, purchased 337,291 ordinary shares of £0.01 pence each in the Company ('Ordinary Shares'), at a price of £0.1008 per share, and that on 22 November 2023, Ryan Heath, President and Executive Director, purchased 228,571 ordinary shares of £0.01 pence each in the Company ('Ordinary Shares'), at a price of CA$0.175 per share,
As a result, following this transaction, Majid Shafiq now has a total beneficial interest, in aggregate, of 9,875,110 Ordinary Shares, representing 0.82% per cent. of the Company's issued share capital and Ryan Heath now has a total beneficial interest, in aggregate, of 8,483,945 Ordinary Shares, representing 0.71% per cent. of the Company's issued share capital.
Enquiries:
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i3 Energy plc Majid Shafiq (CEO) |
c/o Camarco Tel: +44 (0) 203 781 8331
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WH Ireland Limited (Nomad and Joint Broker) James Joyce, Darshan Patel |
Tel: +44 (0) 207 220 1666
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Tennyson Securities (Joint Broker) Peter Krens |
Tel: +44 (0) 207 186 9030
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Stifel Nicolaus Europe Limited (Joint Broker) Ashton Clanfield, Callum Stewart |
Tel: +44 (0) 20 7710 7600
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Camarco Andrew Turner, Violet Wilson, Sam Morris |
Tel: +44 (0) 203 757 4980 |
The following notifications are made in accordance with the requirements of the UK Market Abuse Regulation relating to certain transactions by persons discharging managerial responsibility:
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Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a. |
Name |
Majid Shafiq |
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2 |
Reason for notification |
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a. |
Position/Status |
CEO / Executive Director |
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b. |
Initial notification/ Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
i3 Energy plc |
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b. |
LEI |
213800949OZA9QA9FS17 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a. |
Description of the financial instrument, type of instrument |
ISIN: GB00BDHXPJ60 |
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b. |
Nature of the transaction |
Purchase of Ordinary Shares |
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c. |
Price(s) and volume(s) |
Price: £0.1008 Volume: 337,291 |
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d. |
Aggregated information -Aggregated Volume
- Price |
337,291
£0.1008 per share |
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e. |
Date of the transaction |
23 November 2023 |
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f. |
Place of the transaction |
AIM |
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Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a. |
Name |
Ryan Heath |
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2 |
Reason for notification |
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a. |
Position/Status |
President / Executive Director |
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b. |
Initial notification/ Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
i3 Energy plc |
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b. |
LEI |
213800949OZA9QA9FS17 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a. |
Description of the financial instrument, type of instrument |
ISIN: GB00BDHXPJ60 |
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b. |
Nature of the transaction |
Purchase of Ordinary Shares |
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c. |
Price(s) and volume(s) |
Price: CA$0.175 Volume: 228,571 |
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d. |
Aggregated information -Aggregated Volume
- Price |
228,571
CA$0.175 per share |
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e. |
Date of the transaction |
22 November 2023 |
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f. |
Place of the transaction |
Toronto Stock Exchange |
Notes to Editors:
i3 Energy is an oil and gas Company with a low cost, diversified, growing production base in Canada's most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside.
The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets.
i3 is dedicated to responsible corporate practices and the environment, and places high value on adhering to strong Environmental, Social and Governance ("ESG") practices. i3 is proud of its performance to date as a responsible steward of the environment, people, and capital management. The Company is committed to maintaining an ESG strategy, which has broader implications to long-term value creation, as these benefits extend beyond regulatory requirements.
i3 Energy is listed on the AIM market of the London Stock Exchange under the symbol I3E and on the Toronto Stock Exchange under the symbol ITE. For further information on i3 Energy please visit https://i3.energy
This announcement does not contain inside information.
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