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Two major shareholders in Ithaca Energy PLC plan to sell a total 33 million shares in the company, a statement from broker Peel Hunt on Monday said. DKL Energy Ltd, which holds a 52% stake in the North Sea-focused oil and gas company, and Eni UK Ltd, which holds 37%, intend to offload the shares which represent around 2% of Ithaca’s issued share capital. The price per placing share will be determined by way of an accelerated bookbuilding process to institutional investors. At Monday’s closing price of 235.50 pence in London, the share sale would be worth around £77.7 million. The sellers have appointed Peel Hunt LLP as sole global co-ordinator and joint bookrunner and Discount Capital as joint bookrunner on the placing. Delek is a wholly owned subsidiary of Delek Group Ltd. Eni UK is an indirect wholly owned subsidiary of Eni Spa. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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