Ithaca Energy PLC Announcement of Interim Dividend (1369K)
23 August 2023 - 4:00PM
UK Regulatory
TIDMITH TIDMTTM
RNS Number : 1369K
Ithaca Energy PLC
23 August 2023
23 August 2023
Ithaca Energy plc ("Ithaca Energy" or the "Group")
Announcement of Interim Dividend
Ithaca Energy is pleased to announce its second interim dividend
of $133 million, representing $0.1321 per ordinary share. The
second interim dividend will be paid on 29 September 2023 to
shareholders on the share register on 1 September 2023. The second
interim dividend is expected to be followed by a further dividend
payment relating to 2023, following the end of the financial
year.
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 mid-point of the market exchange rate on 4
September 2023. Accordingly, the Group will confirm the foreign
exchange rate and the amount of the Sterling dividend payable in
pence per share on Friday 8 September 2023.
Enquiries
Ithaca Energy
Kathryn Reid - Head of Investor Relations, kathryn.reid@ithacaenergy.com
Corporate Affairs & Communications
FTI Consulting (PR Advisers to Ithaca
Energy) +44 (0)203 727 1000
Ben Brewerton / Nick Hennis ithaca@fticonsulting.com
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 by
2040.
Ithaca Energy plc was admitted to trading on the London Stock
Exchange (LON: ITH) on 14 November 2022.
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