Business
Announcement of Third Interim 2024 Dividend
Announcement of Third Interim 2024 Dividend.
About this update from Ithaca Energy Plc
[{"type":"text","content":"\n\n\n \nPress release\n26 March 2025\n \nIthaca Energy plc (\"Ithaca Energy\" or the \"Group\")\n \nAnnouncement of third interim 2024 Dividend\nIthaca 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.\nThe 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.\n \nEnquiries\n \n\n\n\n\nIthaca Energy\n\n\n\n\n\n\n\nKathryn Reid - Head of Investor Relations, Corporate Affairs & Communications\n\n\[email protected]\n\n\n\n\nFTI Consulting (PR Advisers to Ithaca Energy)\n\n\n+44 (0)203 727 1000\n\n\n\n\nBen Brewerton / Nick Hennis\n\n\[email protected]\n\n\n\n\n \n \nAbout Ithaca Energy plc\n \nIthaca 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.\n \nWith 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.\n \nIthaca Energy serves today's needs for domestic energy through operating sustainably. The Group achieves this by harnessing Ithac...