Ithaca Energy Shares Plummet After DKL Energy and Eni UK Sell Stake at Discount

Ithaca Energy shares fell 11% after its two largest shareholders, DKL Energy and Eni UK, sold a combined 49.6 million shares at a 10% discount to the previous closing price. The sale brings DKL's stake to 50.5% and Eni's to 35.9%. The price drop marks a 91% decline in Ithaca's share price year-to-date.