REG - Ithaca Energy PLC Delek Group - DLEKG - Payment of Third Interim Dividend in Sterling

Ithaca EnergyAnnouncement

11/04/2025 12:30

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RNS Number : 7386E  Ithaca Energy PLC  11 April 2025

 

11 April 2025

 

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

 

Payment of third interim dividend in sterling

On 26 March 2025, the Board of Ithaca Energy announced a third interim
dividend of $200 million, representing $0.1209 per ordinary share. The third
interim dividend will be paid on 25 April 2025 to shareholders on the share
register on 4 April 2025.

As previously announced, the dividend is payable in cash in Sterling to
holders of ordinary shares. Sterling dividends have been converted from
US dollars at the average of the mid-point of the market exchange rate over
the three dealing days on 8 April, 9 April and 10 April 2025 (£1 =
US$1.2830). Accordingly, the amount of the sterling dividend payable in cash
on 25 April 2025 will be 9.4232 pence per share.

 

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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