LONDON - Energean plc (LSE: ENOG, TASE: אנאג), an oil and gas producer, has issued a correction regarding its fourth-quarter 2024 dividend announcement for the Tel Aviv Stock Exchange (TASE). The company has adjusted the ex-dividend date from March 6, 2025, to March 9, 2025, to comply with TASE regulations. This update follows the initial declaration made on February 27, 2025.
The ex-dividend date is when a stock starts trading without the value of the next dividend payment. Investors who purchase the stock on or after the ex-dividend date are not entitled to the declared dividend. As per the correction, Energean’s shares on the TASE will trade ex-dividend from March 9, 2025, while the record date for dividend eligibility remains set for March 7, 2025.
For the London Stock Exchange (LON:LSEG) (LSE), the ex-dividend date is unchanged and remains scheduled for March 6, 2025. The record date for both exchanges will be the same, ensuring that investors who hold shares by that date will be eligible for the dividend payout.
The payment date for the dividend is confirmed as March 31, 2025, with the dividend to be distributed in US dollars. This correction ensures that Energean aligns with the respective requirements of the two exchanges where its shares are listed.
The company has made no other amendments to its previous announcement, and all other details regarding the dividend declaration remain the same. Shareholders and investors are encouraged to note the revised ex-dividend date for TASE to ensure their transactions align with the updated schedule.
Energean has not provided any further details or comments on the forward-looking statements included in its original announcement, which contain standard cautionary language about the risks and uncertainties inherent in such predictive statements.
This news is based on a press release statement from Energean plc.
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