REG - Ithaca Energy PLC Delek Group - DLEKG - Announcement of Third Interim 2024 Dividend

Ithaca EnergyAnnouncement

26/03/2025 07:15

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RNS Number : 2687C  Ithaca Energy PLC  26 March 2025

 

Press release

26 March 2025

 

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

 

Announcement of third interim 2024 Dividend

Ithaca Energy is pleased to announce a third interim dividend for 2024 of $200
million, representing $0.1209 per ordinary share. The interim dividend will be
paid on 25 April 2025 to shareholders on the share register on 4 April 2025.

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 8 April, 9 April and 10 April
2025. Accordingly, the Group will confirm the foreign exchange rate and the
amount of the Sterling dividend payable in pence per share on 11 April 2025.

 

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 three transformational acquisitions in recent years, including
the recent Business Combination with Eni UK. Today, Ithaca Energy is one of
the largest independent oil and gas companies in the United Kingdom
Continental Shelf (the "UKCS"), ranking second largest independent by
production with the largest resource base.

 

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 targets set out in the North Sea Transition Deal.

 

Ithaca Energy plc was admitted to trading on the London Stock Exchange (LON:
ITH) on 14 November 2022.

 

ENDS-

 

 

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