TIDMI3E

RNS Number : 8115N

i3 Energy PLC

27 September 2023

27 September 2023

i3 Energy plc

("i3", "i3 Energy", "i3 Canada", or the "Company")

PDMR 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 22 September 2023 and 25 September 2023, Jason Dranchuk, Chief Financial Officer, purchased in aggregate 200,000 ordinary shares of 0.01 pence each in the Company ('Ordinary Shares'), at a price of CAD 0.215 per share.

As a result, following the transactions, Jason Dranchuk now has a total beneficial interest, in aggregate, of 200,000 Ordinary Shares, representing 0.02% per cent. of the Company's issued share capital.

Enquiries:

 
 i3 Energy plc                           c/o Camarco 
  Majid Shafiq (CEO) / Jason Dranchuk     Tel: +44 (0) 203 781 
  (CFO)                                   8331 
 
 WH Ireland Limited (Nomad and Joint 
  Broker)                                  Tel: +44 (0) 207 220 
  James Joyce, Darshan Patel               1666 
 
 Tennyson Securities (Joint Broker) 
  Peter Krens                              Tel: +44 (0) 207 186 
                                           9030 
 
 Stifel Nicolaus Europe Limited (Joint 
  Broker)                                  Tel: +44 (0) 20 7710 
  Ashton Clanfield, Callum Stewart         7600 
 
 Camarco 
  Andrew Turner, Sam Morris, Violet        Tel: +44 (0) 203 757 
  Wilson                                   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:

 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
      ----------------------------------------------------------------------- 
 a.    Name                         J ason Dranchuk 
      ---------------------------  ------------------------------------------ 
 2     Reason for notification 
      ---------------------------  ------------------------------------------ 
 a.    Position/Status              C hief Financial Officer 
      ---------------------------  ------------------------------------------ 
 b.    Initial notification/        Initial notification 
        Amendment 
      ---------------------------  ------------------------------------------ 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------- 
 a.    Name                         i3 Energy plc 
      ---------------------------  ------------------------------------------ 
 b.    LEI                          213800949OZA9QA9FS17 
      ---------------------------  ------------------------------------------ 
 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 
      ----------------------------------------------------------------------- 
 a.    Description of 
        the financial                Ordinary shares 
        instrument, type 
        of instrument                ISIN: GB00BDHXPJ60 
 
        Identification 
        Code 
      ---------------------------  ------------------------------------------ 
 b.    Nature of the                Purchase of Ordinary Shares 
        transaction 
      ---------------------------  ------------------------------------------ 
 c.    Price(s) and volume(s)       Price: CAD 0.215 
                                     Volume: 200,000 
      ---------------------------  ------------------------------------------ 
 d.    Aggregated information 
 
        -Aggregated Volume 
                                      200,000 
        - Price 
                                      CAD 0.215 per share 
      ---------------------------  ------------------------------------------ 
 e.    Date of the transaction      22 September 2023 and 25 September 2023 
      ---------------------------  ------------------------------------------ 
 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 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 quoted 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/ .

The Company advises that it has obtained an exemption pursuant to Section 602.1 of the TSX Company Manual (the Manual), in respect of certain shareholder approval requirements that would otherwise be applicable to the Company's Employee Stock Option Plan and Non-Employee Stock Option Plan (together, the Plans), namely those set forth in Section 613 of the Manual (the Exemption). As such, the Company is exempt from complying with the requirements of Section 613 in respect of the Plans.

Pursuant to the Manual, the Exemption will be valid for a period of three years from the date hereof, expiring on July 17, 2026. The Company follows AIM Rules for Companies and has received shareholder approval for its Employee Stock Option Plan and Non-Employee Stock Option Plan.

This announcement does not contain inside information.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHGLGDCRBDDGXR

(END) Dow Jones Newswires

September 27, 2023 02:21 ET (06:21 GMT)

I3 Energy (LSE:I3E)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more I3 Energy Charts.
I3 Energy (LSE:I3E)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more I3 Energy Charts.