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Ithaca EnergyAnnouncement

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RNS Number : 9795V  Ithaca Energy PLC  20 August 2025

20 August 2025

 

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

 

Announcement of 2025 Interim Dividend

Ithaca Energy is pleased to announce its first interim dividend for 2025 of
$167 million, representing $0.1010 per ordinary share. The first interim
dividend will be paid on 26 September 2025 to shareholders on the share
register on 5 September 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 September, 9 September and
10 September 2025. Accordingly, the Group will confirm the foreign exchange
rate and the amount of the Sterling dividend payable in pence per share on 11
September 2025.

 

Enquiries

 

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

 Camarco (PR Advisers to Ithaca Energy)                            +44 (0)203 757 4980
 Billy Clegg / Owen Roberts / Violet Wilson                        ithacaenergy@apcoworldwide.com

About Ithaca Energy plc

 

Ithaca Energy is a leading UK independent exploration and production company
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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