Dividend Information

Please see below information relating to Genel Energy’s dividend policy.

As previously stated, the Company intends to pay a minimum dividend of $40 million per annum. This will be split between an interim and final dividend, to be paid one-third/two-thirds.

Total dividends declared in 2020 amounted to $41.5 million (2019: $40.8 million), representing 15¢ per share (2019: 15¢ per share).

The Board is recommending no change in the final dividend of 10¢ per share (2019: 10¢ per share), a total distribution of c.$27.9 million.

  • Annual General Meeting: 6 May 2021
  • Ex-dividend date: 13 May 2021
  • Record Date: 14 May 2021
  • Payment Date: 14 June 2021

How will the dividend be taxed?

Under Jersey law, this payment to shareholders arising from a debit to the share premium account is considered to be a ‘distribution’. Shareholders should take advice as to what is the appropriate tax treatment for this distribution.

What currency will shareholders receive?

The distribution of 10¢ per share was converted into Pounds Sterling at the spot rate prevailing on 14 May 2021 (the record date), a rate of $1:£0.7096, and will be paid in Pounds Sterling by cheque on 14 June 2021 (the payment date). Shareholders who would prefer to receive payment directly into their bank account are advised to complete the bank mandate form below and return to it our registrars before the record date:

Bank mandate form