REG - Ithaca Energy PLC Delek Group - DLEKG - Second interim dividend for 2023

Ithaca EnergyAnnouncement

08/09/2023 07:00

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RNS Number : 7843L  Ithaca Energy PLC  08 September 2023

8 September 2023

 

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

 

Second interim dividend for 2023

Payments of dividends in sterling

 

On 23 August 2023, the Board of Ithaca Energy plc announced a 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.

 

As previously announced, the dividend is payable in cash in sterling to
holders of ordinary shares. Sterling dividends will be converted from
US dollars at the mid-point of the market exchange rate on 4 September 2023
(£1 = US$1.2621). Accordingly, the amount of sterling dividend payable in
cash on 29 September 2023 will be 10.4667 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 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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