TIDMCASP

RNS Number : 0341G

Caspian Sunrise plc

11 November 2022

11 November 2022

Caspian Sunrise PLC

("Caspian Sunrise", or the "Company")

Dividend Details

Further to the Company's announcement on 4 November 2022, the Board of Caspian Sunrise is pleased to confirm that it has today posted a letter to shareholders confirming the details for the payment and receipt of funds, as well as other administrative details, of the Company's maiden dividend. This letter can be access on the Company's website on the following link: www.caspiansunrise.com/investors/dividends.

This maiden dividend will total $1.13 million (GBP1 million) and will be paid as follows:

   Dividend:                      0.0444 pence/share 
   Ex-Dividend Date:       17 November 2022 
   Record Date:                18 November 2022 
   Payment Date:             16 December 2022 

The size of this maiden dividend is indicative of the levels to be expected in the future. The Board intends that the future dividends will be paid on a monthly basis, based on the higher of GBP1 million per month or a pay-out ratio of broadly 35-40% of free cashflows.

Contacts

Caspian Sunrise PLC

Clive Carver

Executive Chairman +7 727 375 0202

WH Ireland, Nominated Adviser & Broker

James Joyce +44 (0) 207 220 1666

James Bavister

Andrew de Andrade

This announcement has been posted to: www.caspiansunrise.com/investors

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END

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(END) Dow Jones Newswires

November 11, 2022 02:00 ET (07:00 GMT)

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