TIDMIAE

RNS Number : 0985T

Ithaca Energy Inc

30 December 2016

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

Ithaca Energy Inc.

Additional Shares Listing

30 December 2016

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") announces that it has issued an additional 400,000 Common Shares in the Company resulting from the exercise of share options and has applied for these to be admitted to trading on AIM. Admission of the newly issued Common Shares is expected to occur on 6 January 2017. Each new Common Share will rank pari passu with the existing Common Shares.

Following the issue and allotment of the new Common Shares, the Company will have a total of 413,099,042 Common Shares in issue with one voting right per Common Share. There are no Common Shares held in treasury. The total number of voting shares in the Company is therefore 413,099,042. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure and Transparency Rules.

The total number of Common Shares under option is now 24,413,139, representing approximately 5.6% of the total shares outstanding and under option.

- ENDS -

Enquiries:

 
 
                                                               +44 (0)1224 
 Ithaca Energy                                                 652 151 
  Graham Forbes        gforbes@ithacaenergy.com                +44 (0)1224 
  Richard Smith        rsmith@ithacaenergy.com                 652 172 
 
                                                              +44 (0)203 
 FTI Consulting                                               727 1521 
  Edward Westropp       edward.westropp@fticonsulting.com     +44 (0)203 
  Kim Camilleri         kim.camilleri@fticonsulting.com       727 1349 
 
                                                              +44 (0)207 
                                                              397 1953 
 Cenkos Securities                                            +44 (0)131 
  Neil McDonald        nmcdonald@cenkos.com                   220 9772 
  Nick Tulloch         ntulloch@cenkos.com                    +44 (0)131 
  Beth McKiernan       bmckiernan@cenkos.com                  220 9778 
 RBC Capital 
  Markets                                                     +44 (0)207 
  Matthew Coakes       matthew.coakes@rbccm.com               653 4000

About Ithaca Energy

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries and the exploitation of its existing UK producing asset portfolio. Ithaca's strategy is centred on generating sustainable long term shareholder value by building a highly profitable 25kboe/d North Sea oil and gas company. For further information please consult the Company's website www.ithacaenergy.com.

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 30, 2016 08:00 ET (13:00 GMT)

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