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.
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.