Jadestone’s growth-orientated strategy has an objective of establishing a leading Asia-Pacific upstream company through acquiring and maximising the value of producing fields and development assets. Jadestone prioritises organic reinvestment, and maintains a conservative capital structure in order to capitalise on inorganic growth opportunities as they arise.
Notwithstanding this, Jadestone believes that its production and development led business model is fundamentally pre-disposed to provide meaningful shareholder returns, particularly during times of higher oil prices.
Jadestone targets a sustainable base dividend, with a targeted split one-third to an interim dividend and two-thirds to a final dividend, growing over time in line with underlying cash flow generation.
The base dividend may be augmented over time by additional shareholder returns (in the form of share buybacks, special dividends and/or tender offers) if deemed appropriate.
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.