Oisin Fanning, CEO of San Leon Energy PLC (SLE.L) Podcast - Special Dividend
April 27, 2020
Oisin Fanning, Chief Executive Officer, commented: "This special dividend demonstrates the Company's continued commitment to its Capital Distribution Policy, and fulfils the undertaking we made on 30 September 2019 to pay our first dividend.
We are proud to have returned a total of US$66 million (£52 million) to shareholders so far, including the proposed special dividend. We have a very strong cash position with clear visibility on our healthy future income stream.
This has enabled us to propose the special dividend whilst continuing to pursue growth opportunities which are prevalent in the current market. I look forward with confidence to updating shareholders on the Company's growth and progress."
San Leon, the independent oil and gas production, development and exploration company focussed on Nigeria, is pleased to announce that the Board has approved a special dividend of approximately £27 million (US$33 million), or 6 pence per ordinary share.