Jadestone Energy Inc Announces Dividend-Related Mailing

Rhea-AI Summary

Jadestone Energy Inc. (AIM:JSE) announced its first interim dividend for 2020, totaling US 0.54 cents per share. Shareholders will receive mailing from Computershare Trust Company regarding tax residency and payment preferences by October 16, 2020. The company aims to streamline dividend payments through these communications.

Jadestone, focused on oil and gas in the Asia Pacific, has interests in several projects including the Stag oilfield and Montara project in Australia, among others.

Positive

• Maiden interim dividend of US 0.54 cents per share.
• Strengthens shareholder returns and confidence.

Negative

• None.

SINGAPORE / ACCESSWIRE / September 11, 2020 / Jadestone Energy Inc. (AIM:JSE) ("Jadestone", or the "Company"), an independent oil and gas production company focused on the Asia Pacific region, yesterday announced its maiden interim 2020 dividend of US 0.54 cents per share. Computershare Trust Company, the Company's transfer agent, is expected to mail certain documents to shareholders today, in respect of the Company's interim 2020 dividend.

On behalf of Jadestone, Computershare is contacting all registered shareholders and depositary interest holders by mail, requesting information relating to tax residency and rates of withholding tax to be applied to dividend payments. Computershare will also request payment preferences, in particular as to cheque or direct deposit, with respect to the dividend. Responses are required by October 16, 2020.

Downloadable versions of the relevant forms are also available on the Company's website at www.jadestone-energy.com/investor-relations/dividends/.

- Ends -

Enquiries

Jadestone Energy Inc.	+65 6324 0359 (Singapore)
Paul Blakeley, President and CEO	+44 7392 940 495 (UK)
Dan Young, CFO	+1 403 975 6752 (Canada)
Robin Martin, Investor Relations Manager	ir@jadestone-energy.com
Stifel Nicolaus Europe Limited (Nomad, Joint Broker)	+44 (0) 20 7710 7600 (UK)
Callum Stewart
Simon Mensley
Ashton Clanfield
BMO Capital Markets Limited (Joint Broker)	+44 (0) 20 7236 1010 (UK)
Thomas Rider
Jeremy Low
Thomas Hughes
Camarco (Public Relations Advisor)	+44 (0) 203 757 4980 (UK)
Georgia Edmonds	jadestone@camarco.co.uk
Billy Clegg
James Crothers

About Jadestone Energy Inc.

Jadestone Energy Inc. is an independent oil and gas company focused on the Asia Pacific region. It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Vietnam and the Philippines.

The Company has a 100% operated working interest in the Stag oilfield and the Montara project, both offshore Australia. Both the Stag and Montara assets include oil producing fields, with further development and exploration potential. The Company has a 100% operated working interest in two gas development blocks in Southwest Vietnam and is partnered with Total in the Philippines where it holds a 25% working interest in the SC56 exploration block.

In addition, the Company has executed a sale and purchase agreement to acquire an operated 69% interest in the Maari Project, shallow water offshore New Zealand, and anticipates completing the transaction in H2 2020, upon receipt of customary approvals. The Company has recently executed an agreement to acquire an operated 90% interest in the Lemang PSC, onshore Sumatra, Indonesia, and anticipates completing the transaction in Q1 2021, upon receipt of customary approvals. The block includes the Akatara gas field.

Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman's business in Asia, the Company is pursuing an acquisition strategy focused on growth and creating value through identifying, acquiring, developing and operating assets in the Asia Pacific region.

Jadestone Energy Inc. is listed on the AIM market of the London Stock Exchange. The Company is headquartered in Singapore. For further information on Jadestone please visit www.jadestone-energy.com.

This announcement does not contain inside information.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Jadestone Energy Inc.

View source version on accesswire.com:
https://www.accesswire.com/605722/Jadestone-Energy-Inc-Announces-Dividend-Related-Mailing

FAQ

What is the Jadestone Energy dividend amount for 2020?

Jadestone Energy announced an interim dividend of US 0.54 cents per share for 2020.

What is the payment date for the Jadestone dividend?

Shareholders are required to respond regarding payment preferences by October 16, 2020.

How will Jadestone communicate dividend payments to shareholders?

Computershare Trust Company will mail registered shareholders regarding tax residency and payment options.