Ithaca Energy plc (LON: ITH) disclosed that holders of ordinary shares on the register at close of business on Sept. 4 will receive a cash dividend of 11.4146 pence per share. The payment, scheduled for Sept. 24, represents the company's first interim dividend for its 2026 financial year.
The board approved the dividend on Aug. 19, citing a total distribution of $255 million, or $0.1542 per ordinary share. The sterling amount was derived using an average mid‑point market exchange rate of £1 = $1.3509, calculated over the three dealing days from Sept. 2 to Sept. 4.
Ithaca Energy, listed on the London Stock Exchange since its admission on Nov. 14, 2022, focuses on exploration and production in the UK North Sea. The dividend will be paid in cash in sterling to eligible shareholders.
Key dates: - Board declaration: Aug. 19 - Record date: Sept. 4 - Payment date: Sept. 24 - Exchange‑rate calculation period: Sept. 2‑4
The interim payout follows Ithaca Energy's recent operational updates in the North Sea region, though the announcement contains no guidance on future dividends or earnings.
