EASTLEIGH, UK – i3 Energy plc (AIM:I3E)(TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce the following update.
Dividend Increase
i3 is pleased to announce that due to the ongoing exceptional performance of its production assets, positive results from the initial phase of its 2022 development drilling programme, and continuing commodity price strength and the resultant positive impact on our cash flow projections, the Company has decided to increase the minimum dividend to be paid in 2022 by 25% from £11.827mm to £14.784mm. The increase will be implemented by increasing the monthly dividend.
Monthly Dividend
i3 announces its June 2022 dividend totalling £1.6052 million and confirms the following:
Dividend: 0.1425 pence/share
Ex-Dividend Date: 19 May 2022
Record Date: 20 May 2022
Payment date: 10 Jun 2022
Payment to shareholders holding their shares on the TSX will be made in Canadian dollars using the exchange rate from the Bank of England at close on the Dividend announcement date, 11 May 2022.
END
[expand title=”Read More”]
Enquiries:
|
i3 Energy plc
Majid Shafiq (CEO) / Graham Heath (CFO)
|
c/o Camarco
Tel: +44 (0) 203 781 8331
|
|
|
|
|
WH Ireland Limited (Nomad and Joint Broker)
James Joyce, Darshan Patel
|
Tel: +44 (0) 207 220 1666
|
|
|
|
|
Tennyson Securities (Joint Broker)
Peter Krens
|
Tel: +44 (0) 207 186 9030
|
|
|
|
|
Stifel Nicolaus Europe Limited (Joint Broker)
Ashton Clanfield, Callum Stewart
|
Tel: +44 (0) 20 7710 7600
|
|
|
|
|
Camarco
Georgia Edmonds, James Crothers, Violet Wilson
|
Tel: +44 (0) 203 781 8331
|
Notes to Editors:
i3 Energy is an oil and gas Company with a low cost, diversified, growing production base in Canada’s most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside.
The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets.
i3 is dedicated to responsible corporate practices and the environment, and places high value on adhering to strong Environmental, Social and Governance (“ESG”) practices. i3 is proud of its performance to date as a responsible steward of the environment, people, and capital management. The Company is committed to maintaining an ESG strategy, which has broader implications to long-term value creation, as these benefits extend beyond regulatory requirements.
i3 Energy is listed on the AIM market of the London Stock Exchange under the symbol I3E and on the Toronto Stock Exchange under the symbol ITE. For further information on i3 Energy please visit https://i3.energy
[/expand]