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DIRECTOR DEALINGS: Ithaca Energy Employees Exercise Options And Sell Shares

17th Jan 2014 11:16

LONDON (Alliance News) - Ithaca Energy Inc said certain employees including its non-executive chairman Jack Lee, Chief Development Officer John Woods and non-executive director Brad Hurtubise exercised options at prices ranging between CAD0.25 and CAD2.25 per share on Thursday. The number of exercised options is shown below:

Jack Lee                                Director                               100,000

Brad Hurtubise                        Director                               200,000

John Summers                        Director                               333,333

Frank Wormsbecker                 Director                               200,000

Jay Zammit                             Director                              100,001

John Woods                            Officer                                600,000


On the same day, certain directors and officers sold shares at a price of 145 pence per share as shown below:

 

Brad Hurtubise                      Director                               115,000

John Summers                      Director                               215,000

Frank Wormsbecker               Director                               100,000

Jay Zammit                           Director                               100,001

John Woods                          Officer                                 600,000


The company said a further 981,667 options have been exercised by other employees of the company and that its Chief Technical Officer, Nick Muir also sold 295,000 shares on Thursday at a price of 145 pence per share.

Ithaca Energy shares were down 1.7% to 142.50 pence Friday.


By Tom McIvor; [email protected]; @TomMcIvor1

Copyright © 2014 Alliance News Limited. All Rights Reserved.


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