ABERDEEN, SCOTLAND--(Marketwired - May 24, 2013) - Ithaca Energy Inc.
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(TSX VENTURE :IAE ) Not for Distribution to U.S. Newswire Services or for Dissemination in the United States Ithaca Energy Inc. Director and Officers' Share Purchase 24 May 2013 Ithaca Energy Inc. (TSX VENTURE :IAE ) (LSE :IAE ) ("Ithaca" or the "Company") announces that on 23rd May 2013, Iain McKendrick, CEO and a Director, along with the other Officers of the Company increased their beneficial shareholdings in Ithaca through the purchase of Common Shares pursuant to the Company's Market Share Incentive Plan ("SIP"). These purchases were made by MM&K Share Plan Administration, the trustee of the SIP. The individuals named below increased their beneficial shareholdings in the Company by a total of 18,300 Common Shares at a price of GBP1.23 per Common Share (the maximum permissible under the SIP) as follows: Name Designation Common Resultant % of Shares Holding voting Purchased rights Iain Officer and 3,660 209,125 shares 0.07% McKendrick Director shares Graham Forbes Officer 3,660 68,305 shares 0.02% shares Nicholas Muir Officer 3,660 20,105 shares 0.01% shares John Woods Officer 3,660 135,105 shares 0.04% shares Mike Travis Officer 3,660 57,347 shares 0.02% shares Enquiries: Ithaca Energy: Iain McKendrick, CEO imckendrick@ithacaenergy.com +44(0) 1224 650 261 Graham Forbes, CFO gforbes@ithacaenergy.com +44(0) 1224 652 151 FTI Consulting: Billy Clegg billy.clegg@fticonsulting.com +44 (0) 207 269 7157 Edward Westropp edward.westropp@fticonsulting.com +44 (0) 207 269 7230 Georgia Mann georgia.mann@fticonsulting.com +44 (0) 207 269 7212 Cenkos Securities plc: Jon Fitzpatrick jfitzpatrick@cenkos.com +44 (0) 207 397 8900 Neil McDonald nmcdonald@cenkos.com +44 (0) 131 220 6939 RBC Capital Markets: Tim Chapman tim.chapman@rbccm.com +44 (0) 207 653 4641 Matthew Coakes matthew.coakes@rbccm.com +44 (0) 207 653 4871 About Ithaca Energy: Ithaca Energy Inc. (TSX VENTURE :IAE ) (LSE :IAE ) is an oil and gas operator focused on North Sea production, appraisal and development activities. The Company's strategy is centred on building a highly profitable North Sea oil and gas company by maximising production and cashflow from its existing assets, the appraisal and development of existing discoveries on properties held by the Company and the delivery of additional growth via acquisitions and licence round participation. Not for Distribution to U.S. Newswire Services or for Dissemination in the United States -ENDS- This information is provided by RNS The company news service from the London Stock Exchange END
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