TIDMI3E

RNS Number : 0505P

i3 Energy PLC

09 October 2023

9 October 2023

i3 Energy plc

("i3" or the "Company")

Exercise of Options

i3 Energy plc (AIM: I3E) (TSX: ITE), an independent oil and gas company with assets and operations in the UK and Canada, announces that it is issuing a total of 573,199 ordinary shares of 0.01 pence each ("Ordinary Shares") following the exercise of options by an employee, at an exercise price of GBP0.05 per Ordinary Share (the "Option Shares").

Application will be made for the 573,199 new Ordinary Shares to be admitted to trading on AIM ("Admission"), and dealings are expected to commence on or around 12 October 2023. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

Following Admission, the Company will have 1,202,447,663 ordinary shares of 0.01 pence each in issue. The Company has no shares in treasury, therefore the figure of 1,202,447,663 should be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

END

Enquiries:

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

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 100% owned 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 listed 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/ .

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

MSCNKFBPABDDBKK

(END) Dow Jones Newswires

October 09, 2023 02:00 ET (06:00 GMT)

I3 Energy (LSE:I3E)
Gráfica de Acción Histórica
De Abr 2024 a May 2024 Haga Click aquí para más Gráficas I3 Energy.
I3 Energy (LSE:I3E)
Gráfica de Acción Histórica
De May 2023 a May 2024 Haga Click aquí para más Gráficas I3 Energy.