Ithaca Energy slides as Delek, Eni sell 49.6m shares in placing.
Ithaca Energy tumbled on Tuesday after major shareholders Delek and Eni sold just over 49.6m shares in the company in a placing.
Ithaca Energy Inc. (DI)
02 September 2025 08:50:28
Source: Sharecast
The shares, which represent around 3% of the total shares outstanding, were sold by way of an accelerated bookbuild to eligible institutional investors at 213.75p each, raising gross proceeds of about £106m.
Following completion of the placing, Israeli energy investor Delek will hold around 50.5% of the equity, while Italian oil and gas explorer Eni will hold 35.9%.
Peel Hunt acted as sole global co-ordinator and joint bookrunner and Discount Capital acted as joint bookrunner on the placing.
At 0850 BST, the shares were down 11% at 211p.
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