REG - Ithaca Energy PLC Delek Group - DLEKG - Announcement of Interim Dividend

Ithaca EnergyAnnouncement

21/03/2024 08:15

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RNS Number : 6831H  Ithaca Energy PLC  21 March 2024

Press release

21 March 2024

 

Ithaca Energy plc ("Ithaca Energy" or the "Group")

 

Announcement of Interim Dividend

Ithaca Energy is pleased to announce its third interim dividend of $134
million, representing $0.1321 per ordinary share. The third interim dividend
will be paid on 17 April 2024 to shareholders on the share register on 2 April
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 27 March, 28 March and 2 April
2024. Accordingly, the Group will confirm the foreign exchange rate and the
amount of the Sterling dividend payable in pence per share on 4 April 2024.

 

Enquiries

 

 Ithaca Energy
 Kathryn Reid - Head of Investor Relations, Corporate Affairs &      kathryn.reid@ithacaenergy.com (mailto:kathryn.reid@ithacaenergy.com)
 Communications

 FTI Consulting (PR Advisers to Ithaca Energy)                       +44 (0)203 727 1000
 Ben Brewerton / Nick Hennis                                         ithaca@fticonsulting.com (mailto: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.

 

-ENDS-

 

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