2nd Sep 2025 09:18
(Alliance News) - Two leading shareholders in Ithaca Energy PLC have sold a 3% stake in the company, broker Peel Hunt confirmed on Tuesday.
DKL Energy Ltd, a wholly owned subsidiary of Delek Group Ltd, and Eni UK Ltd, an indirect wholly owned subsidiary of Eni Spa, offloaded 49.6 million shares. They were placed by Peel Hunt in accelerated bookbuild to institutional investors at a price of 213.75 pence per share for a value of GBP106.0 million.
Shares in Ithaca Energy fell 10% to 213.09 pence each in London on Tuesday morning.
On completion of the placing, Delek will hold a 50.5% stake in Ithaca, and Eni a 35.9% holding.
Peel Hunt acted as sole global co-ordinator and joint bookrunner and Discount Capital acted as joint bookrunner on the placing.
After the London market close on Monday, the two shareholders had said they intended to sell an around 2% stake in Ithaca.
Ithaca Energy was not a party to the placing and will not receive any proceeds from it, as it was existing shares.
By Jeremy Cutler, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Ithaca Energy