Ithaca Energy PLC Second interim dividend for 2023 (7843L)

TIDMITH TIDMTTM

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 (GBP1 = 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,    kathryn.reid@ithacaenergy.com 
  Corporate Affairs & Communications 
 
 FTI Consulting (PR Advisers to Ithaca 
  Energy)                                                +44 (0)203 727 1000 
 Ben Brewerton / Nick Hennis                        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.

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September 08, 2023 02:00 ET (06:00 GMT)

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