Business
First quarter interim dividend for 2023
First quarter interim dividend for 2023.
About this update from Ithaca Energy Plc
[{"type":"text","content":"\n \n \n \n 27 February 2023\n \n \n \n \n \n \n \n \n \n Ithaca Energy plc\n \n (\"Ithaca Energy\" or the \"Group\")\n \n \n \n \n \n First quarter interim dividend for 2023\n \n \n Payments of dividends in sterling\n \n \n \n \n \n On 16 February 2023, the Board of Ithaca Energy plc announced an initial interim dividend of $133 million, representing $0.1321 per ordinary share. The initial interim dividend will be paid on 9 March 2023 to shareholders on the share register on 24 February 2023.\n \n \n \n \n \n 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 an average of the market exchange rate over the three dealing days between 22 and 24 February 2023 (£1 = US$1.2037). Accordingly, the amount of sterling dividend payable in cash on 9 March 2023 will be 10.9776 pence per share.\n \n \n \n \n \n \n \n \n \n \n \n Enquiries\n \n \n \n \n \n \n \n \n \n \n \n \n \n Ithaca Energy\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Kathryn Reid - Head of Investor Relations, Corporate Affairs &\n Communications\n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FTI Consulting (PR Advisers to Ithaca Energy)\n \n \n \n \n \n +44 (0)203 727 1000\n \n \n \n \n \n \n Ben Brewerton / Nick Hennis\n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n About Ithaca Energy plc\n \n \n \n \n \n \n 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.\n \n \n \n \n \n With stakes in six of the ten largest fields in the UKCS and two of UKCS's largest pre-development fields, and with ...