Ithaca Energy PLC (GB:ITH) has released an update.
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Ithaca Energy PLC has announced a $200 million special dividend following a successful business combination with Eni UK and a major refinancing effort. The company’s enhanced liquidity and production growth position it for future expansion, with a dividend target of $500 million for 2024. This strategic move underscores Ithaca Energy’s commitment to delivering shareholder value and capitalizing on its strengthened financial position.
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