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JADESTONE ENERGY

DIVIDENDS

Jadestone’s business model, with a focus on producing upstream oil & gas assets and discovered resource that can be brought to production within a short to medium time frame, is cash-generative, and, as a result, is fundamentally pre-disposed to providing some cash returns, after allowing for organic reinvestment needs in the short to medium term, whilst maintaining a conservative capital structure, and not limiting options for inorganic growth.

In September 2019 Jadestone announced the adoption of a dividend policy.
  • Subject to the continued operational performance of the business, the Company indicated its plans to declare dividends semi-annually, split roughly one third interim and two-third final.
On 10 September, 2020, Jadestone declared its maiden interim dividend of US$ 0.54 per share.
  • This maiden ordinary dividend, totalling US$2.5 million, was paid to shareholders on 30 October 2020.
On 22 April 2021, Jadestone announced the intention to recommend a 2020 final dividend of US$ 1.08 per share.
  • The Directors intend to recommend the 2020 final dividend following the completion of the internal restructuring of the Jadestone Group and completion of a capital reduction of Jadestone Energy plc, which is expected to become effective during the second half of May 2021.
On 9 September 2021, Jadestone declared a 2021 interim dividend of US$ 0.59 per share.
  • This interim dividend, totalling US$2.8 million, was paid to shareholders on 1 October 2021
On 6 June 2022, Jadestone recommended a final 2021 dividend of US$ 1.34 per share.
  • This final dividend, totalling US$6.25 million, will be paid to shareholders on 5 July 2022

Important Information for Shareholders

The Company does not offer a dividend reinvestment plan, and does not offer dividends in the form of ordinary shares.

Following the Company’s internal reorganisation, which was approved by shareholders on 20 April 2021, and received court approval on 22 April 2021, Jadestone Energy plc, a UK-based entity became the parent company of the Jadestone Group.  Dividends paid by Jadestone Energy plc, including the 2020 final dividend, will not be subject to dividend withholding tax.

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