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Union Jack Oil declares Dividend following Strong Financial Performance

Union Jack Oil plc (LON: UJO) this week announced the details of a forthcoming dividend payment to shareholders, subsequent to its notification on 17 April 2024.

Union Jack Oil’s financial position remains robust, bolstered by the additional revenues from its assets in the USA. Following a comprehensive review of the company’s capital requirements, and despite an extensive and dynamic drilling programme in the USA, the Board has resolved that it is appropriate to proceed with a further distribution to shareholders.

The Board of Union Jack Oil declares a dividend of 0.25 pence per ordinary share. The ex-dividend date on the London Stock Exchange is set for Thursday, 4 July 2024, with a record date of Friday, 5 July 2024, and the payment date scheduled for Friday, 26 July 2024.

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