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Genel Energy PLC (GENL)

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Monday 17 May, 2021

Genel Energy PLC

Notice of dividend currency exchange rate

Genel Energy PLC (GENL)
Genel Energy PLC: Notice of dividend currency exchange rate

17-May-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


17 May 2021

 

Genel Energy plc

 

Notice of dividend currency exchange rate

 

On 6 May 2021, shareholders in Genel Energy plc ('the Company') approved a dividend distribution of 10 US cents per ordinary share, to be converted into pounds sterling at the spot rate prevailing on 14 May 2021, in relation to the year ending 31 December 2020.

 

The Company announces that the Bloomberg spot rate used to convert US dollars into pound sterling at 18.30 London time on 14 May 2021 was $1:£0.7096, and hence a dividend of 7.096p per share will be paid on 14 June 2021.

 

-ends-

 

For further information, please contact:

 

Genel Energy

Andrew Benbow, Head of Communications

+44 20 7659 5100

 

 

Vigo Communications

Patrick d'Ancona 

+44 20 7830 9700

 

Notes to editors:

 

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Sarta, Taq Taq, and Tawke licences in the Kurdistan Region of Iraq, providing financial resilience that allows investment in growth and the payment of a material and sustainable dividend, even at a low oil price. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.

 

 



ISIN: JE00B55Q3P39, NO0010894330
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 105301
EQS News ID: 1196928

 
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