Ithaca Energy Inc: Additional Shares Listing & By-Law Approval ABERDEEN, SCOTLAND -- (Marketwired) -- 10/11/13 -- Ithaca Energy Inc (TSX VENTURE: IAE) (LSE: IAE) *T TSX VENTURE: IAE Not for Distribution to U.S. Newswire Services or for Dissemination in the United States Ithaca Energy Inc. Additional Shares Listing & Advance Notice By-Law Approval 11 October 2013 Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") announces the listing of an additional 484,334 common shares in the Company and provides notice of the approval of the Board of Directors of the advanced notice by-law that was approved by shareholders at the Company's annual and special meeting of shareholders in June 2013. Additional Shares Listing Following the recent exercise of share options by Ithaca employees (none of whom are Officers or Directors), the Company has issued and allotted a total of 484,334 common shares ("New Common Shares") and has applied for these New Common Shares to be admitted to trading on AIM. Admission of the New Common Shares is expected to occur on 17 October 2013. 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 322,233,620 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 322,233,620. This figure may be used by shareholders in the Company 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 16,476,900, representing approximately 4.9% of the total shares outstanding and under option. Advance Notice By-Law The Board of Directors has approved the adoption of an advance notice by-law (the "By-law") that was approved by Ithaca's shareholders at the Company's annual and special meeting of shareholders on 27 June 2013. Among other things, the By-law fixes a deadline by which shareholders must submit a notice of Director nominations to the Company in order for such nominations to be proposed at annual or special meetings of shareholders where Directors are to be elected. Further, the By-law sets forth the information that a shareholder must include in the notice for it to be valid. In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 days, nor more than 65 days, prior to the date set for the annual meeting. The By-law is effective immediately. A copy of the By-law was included in the proxy materials mailed to shareholders in connection with the meeting on 27 June 2013 and has been filed under the Company's profile at www.sedar.com. - ENDS - Enquiries: Ithaca Energy Graham Forbes email@example.com +44 (0)1224 652 151 Richard Smith firstname.lastname@example.org +44 (0)1224 652 172 FTI Consulting Billy Clegg email@example.com +44 (0)207 269 7157 Edward Westropp firstname.lastname@example.org +44 (0)207 269 7230 Georgia Mann email@example.com +44 (0)207 269 7212 Cenkos Securities Jon Fitzpatrick firstname.lastname@example.org +44 (0)207 397 8900 Neil McDonald email@example.com +44 (0)131 220 6939 RBC Capital Markets Tim Chapman firstname.lastname@example.org +44 (0)207 653 4641 Matthew Coakes email@example.com +44 (0)207 653 4871 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, the exploitation of its existing UK producing asset portfolio and a Norwegian exploration and appraisal business centred on the generation of discoveries capable of monetisation prior to development. 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 Contacts: RNS Customer Services 0044-207797-4400 firstname.lastname@example.org http://www.rns.com
Ithaca Energy Inc: Additional Shares Listing & By-Law Approval
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