Union Jack Oil PLC Dividend Declared

RNS Number : 2511O

Union Jack Oil PLC

14 May 2024

 

14 May 2024

 

Union Jack Oil plc

("Union Jack" or the "Company")

Dividend Declared

 

Union Jack Oil plc (AIM: UJO; OTCQB:UJOGF), a UK and USA focused onshore hydrocarbon production, development, exploration and investment company is pleased to announce, further to its notification of 17 April 2024, the details of a dividend payable to shareholders.

The financial position of Union Jack remains strong, especially with the additional revenues from the Company's assets in the USA. Consequently, following a review of the Company's capital requirements, notwithstanding an extended and dynamic drilling programme in the USA, the Board has decided it is appropriate to make a further distribution to shareholders.

The Board declares a dividend of 0.25 pence per ordinary share with a London Stock Exchange ex-dividend date of Thursday 4 July 2024, a record date of Friday 5 July 2024 and a payment date of Friday 26 July 2024.

 

For further information, please contact the following:

               

Union Jack Oil plc                                                                                              [e-mail]

David Bramhill

 

SP Angel Corporate Finance LLP                                                              [phone]

Nominated Adviser and Joint Broker

Matthew Johnson

Kasia Brzozowska

Richard Hail

 

Shore Capital                                                                                                 [phone]

Joint Broker

Toby Gibbs

Harry Davies-Bell

 

Gneiss Energy Limited                                                                                [phone]

Financial Adviser

Jon Fitzpatrick

Paul Weidman

 

BlytheRay                                                                                                      [phone]

Financial PR  

Tim Blythe

Megan Ray      

 

Harbor Access                                                                                               [phone]

Investor Relations            

Jonathan Paterson       

Tommy Zima                                                       

 

 

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