Ithaca Energy PLC Announcement of 2024 Interim Dividend
August 22 2024 - 2:00AM
RNS Regulatory News
RNS Number : 3365B
Ithaca Energy PLC
22 August 2024
Press release
22
August 2024
Ithaca Energy
plc ("Ithaca Energy" or the "Group")
Announcement of 2024 Interim Dividend
Ithaca Energy is pleased to announce
its first interim dividend for 2024 of $100 million, representing
$0.0986 per ordinary share. The first interim dividend will be paid
on 27 September 2024 to shareholders on the share register on 6
September 2024.
The dividend is payable in cash in
Sterling to holders of the ordinary shares. Sterling dividends
payable will be converted from US dollars at the average of
the mid-point of the market exchange rate on 10 September, 11
September and 12 September 2024. Accordingly, the Group will
confirm the foreign exchange rate and the amount of the Sterling
dividend payable in pence per share on 13 September
2024.
Enquiries
About Ithaca Energy plc
Ithaca Energy is a leading UK
independent exploration and production company focused on the UK
North Sea with a strong track record of material value creation. In
recent years, the Company has been focused on growing its portfolio
of assets through both organic investment programmes and
acquisitions and has seen a period of significant M&A driven
growth centred upon two transformational acquisitions in recent
years. Today, Ithaca Energy is one of the largest independent oil
and gas companies in the United Kingdom Continental Shelf (the
"UKCS"), ranking second by resources.
With stakes in six of the ten
largest fields in the UKCS and two of UKCS's largest
pre-development fields, and with energy security currently being a
key focus of the UK Government, the Group believes it can utilise
its significant reserves and operational capabilities to play a key
role in delivering security of domestic energy supply from the
UKCS.
Ithaca Energy serves today's needs
for domestic energy through operating sustainably. The Group
achieves this by harnessing Ithaca Energy's deep operational
expertise and innovative minds to collectively challenge the norm,
continually seeking better ways to meet evolving
demands.
Ithaca Energy's commitment to
delivering attractive and sustainable returns is supported by a
well-defined emissions-reduction strategy with a target of
achieving net zero ahead of the North Sea Transition Deal
target.
Ithaca Energy plc was admitted to
trading on the London Stock Exchange (LON: ITH) on 14 November
2022.
-ENDS-
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