Ithaca Energy Inc Additional Shares Listing (8888Q)

TIDMIAE

RNS Number : 8888Q

Ithaca Energy Inc

05 December 2016

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

Ithaca Energy Inc.

Additional Shares Listing

5 December 2016

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") announces that it has issued an additional 358,331 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 8 December 2016. 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 412,142,376 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 412,142,376. 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 Services Authority's Disclosure and Transparency Rules.

The total number of Common Shares under option is now 25,369,805, representing approximately 5.8% of the total shares outstanding and under option.

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Enquiries:

Ithaca Energy

Graham Forbes gforbes@ithacaenergy.com +44 (0)1224 652 151

Richard Smith rsmith@ithacaenergy.com +44 (0)1224 652 172

FTI Consulting

   Edward Westropp                  edward.westropp@fticonsulting.com       +44 (0)207 269 7230

Tom Hufton tom.hufton@fticonsulting.com +44 (0)203 727 1625

Cenkos Securities

Neil McDonald nmcdonald@cenkos.com +44 (0)207 397 8900

Nick Tulloch ntulloch@cenkos.com +44 (0)131 220 6939

Beth McKiernan bmckiernan@cenkos.com +44 (0)131 220 9778

RBC Capital Markets

Daniel Conti daniel.conti@rbccm.com +44 (0)207 653 4000

   Matthew Coakes                     matthew.coakes@rbccm.com                 +44 (0)207 653 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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