Post sell down, Delek will hold c.50.5% and Eni will hold c.35.9%. of Ithaca Energy's issued share capital. Delek and ENI view this sell down as an opportunity to improve the free float of the business enhancing trading liquidity and broadening the share register.
Ithaca Energy is a leading UK independent exploration and production company with a strong track record of material value creation.
“This transaction is a clear demonstration of Peel Hunt’s ability to deliver outcome-driven solutions for our clients. By enhancing Ithaca Energy’s free float and broadening its institutional appeal, we’ve helped position the company for deeper engagement with investors. It’s a great example of our integrated approach across advisory, ECM and distribution.” Richard Crichton, Head of Natural Resources Investment Banking
The Peel Hunt team for Ithaca Energy:
Natural Resources Investment Banking – Richard Crichton, Georgia Langoulant, Emily Bhasin, Sandhya Balakrishnan
Equity Capital Markets - Brian Hanratty
ECM Syndicate – Sohail Akbar, Nicolas Wilks, Ambika Bose
Investor Relations – Shreya Jechand
Specialist Sales – Andy Crispin
Research – Werner Riding
