Duyuru • Nov 01
i3 Energy to Delist from LSE & TSX, Effective November 1, 2024 On August 19, 2024, the boards of directors of i3 Energy Plc and Gran Tierra Energy Inc. reached agreement on the terms of a recommended and final cash and share acquisition of the entire issued, and to be issued, share capital of i3 Energy. The acquisition is being implemented by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. On October 29, 2024, i3 Energy announced that the court had sanctioned the scheme at the sanction hearing held on October 29, 2024. i3 Energy and Gran Tierra announced that, following delivery of the court order to the Registrar of Companies and satisfaction or waiver of all of the conditions set out in the scheme document, the scheme has now become effective in accordance with its terms and, pursuant to the scheme, the entire issued and to be issued share capital of i3 Energy is now owned by Gran Tierra. An application was made for the suspension of admission to trading in i3 Energy shares on the London Stock Exchange's AIM Market and such suspension has taken effect from 7:30 a.m. today. The cancellation of the admission to trading of the i3 Energy shares on AIM has been applied for and is expected to take place by 8 a.m. on November 1, 2024. The delisting of the i3 Energy shares on the Toronto Stock Exchange has been applied for and is expected to take place at the close of markets on November 1, 2024. Duyuru • Oct 08
i3 Energy's Shares on the AIM Market of the London Stock Exchange to be Delisted i3 Energy Plc's shareholders have voted to approve the company's deal to be acquired by Canadian sector player Gran Tierra Energy Inc. The cash-and-stock deal, which is valued at some GBP 174.1 million (USD 228.2 million/EUR 207.8 million), remains subject to other regulatory nods and is seen to be finalised on or around October 31, the Canadian firm said on October 7, 2024. As agreed, i3 shareholders will receive one new Gran Tierra share for every 207 of their existing shares, along with 10.43 pence in cash per share and an additional cash dividend of 0.2565 pence per share. Upon completion, i3 shareholders will own up to 16.5% of Gran Tierra. In addition, i3's shares on the AIM market of the London Stock Exchange will be delisted. Duyuru • Aug 20
i3 Energy Confirms Advanced Discussions with Gran Tierra Energy The Board of i3 Energy Plc (AIM:I3E) noted the recent press speculation regarding a possible offer for the Company. The Board confirmed that it is in advanced discussions with Gran Tierra Energy Inc. (NYSEAM:GTE) in relation to a possible offer and a further announcement will be made in due course. This announcement is being made with the approval of Gran Tierra. In accordance with Rule 2.6(a) of the Takeover Code, Gran Tierra is required, by no later than 5.00 p.m. (London time) on 16 September 2024, being 28 days after today's date, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code. As a consequence of this announcement, an "offer period" has now commenced in respect of the Company in accordance with the rules of the Code and the attention of shareholders is drawn to the disclosure requirements of Rule 8 of the Code. Duyuru • Aug 14
I3 Energy plc Provides Production and Earnings Guidance for the Year 2024 i3 Energy Plc provided production and earnings guidance for the year 2024. For the year, the company expected annual average production to be in the range of 18,000 boepd to 19,000 boepd and exit rate guidance to be in the range of 20,250 boepd to 21,250 boepd.
For the year, the company expected resulting in a slightly reduced Net Operating Income forecast of USD 63 million to USD 67 million. Duyuru • Aug 13
I3 Energy plc Provides Dividend Guidance of the Third Quarter 2024 i3 Energy Plc provided dividend guidance of the third quarter 2024. For the quarter, the Company expected to pay the dividend of 0.2565 pence per share in early fourth quarter 2024, which translates to a forward yield of 11.5% based on the closing price of i3's ordinary shares on 12 August 2024. Duyuru • Jul 04
i3 Energy Plc Declares Dividend for the Second Quarter of 2024, Payable on 2 August 2024 i3 Energy Plc announced the a dividend of 0.2565 pence per share for the second quarter of 2024. The ex-dividend date is on 11 July 2024. The record date is on 12 July 2024. The payment date is 2 August 2024. Duyuru • May 16
i3 Energy Plc Provides Dividend Guidance for the Second Quarter of 2024 i3 Energy Plc provided dividend guidance for the second quarter of 2024. Subject to Board approval, the Company expects to pay the second quarter 2024 dividend of 0.2565 pence per share in early third quarter 2024, which translates to a forward yield of 9.4% based on the closing price of i3's ordinary shares on 10 May 2024. Duyuru • Apr 27
i3 Energy Plc Provides Dividend Forecast for the Year 2024 i3 Energy Plc announced that as part of i3's commitment to its total return model, subject to Board approval, the Company is expected to return forecasted dividends of £12.3 million (USD 15.7 million) in 2024, representing 0.2565 pence per share per quarter or 1.0260 pence per share for the year, which translates to a forward yield of 8.1% based on the closing price of i3's ordinary shares of 12.66 pence on 23 April 2024. Duyuru • Apr 26
i3 Energy Plc Provides Production Guidance for the Year 2024 i3 Energy Plc provided production guidance for the year 2024. For the year, the company expects annual average production to be in the range of 18,000 boepd to 19,000 boepd and Exit Production (Dec. 2024) to be in the range of 20,250 boepd to 21,250 boepd. Duyuru • Apr 24
i3 Energy Plc, Annual General Meeting, Jun 27, 2024 i3 Energy Plc, Annual General Meeting, Jun 27, 2024, at 10:00 Coordinated Universal Time. Location: At the offices of W H Ireland Limited at 24 Martin Lane, London London United Kingdom Duyuru • Apr 04
i3 Energy Plc Announces Dividend for First Quarter of 2024, Payable on 3 May 2024 i3 Energy plc announced first quarter 2024 dividend of 0.2565 pence/share. Ex-dividend date is 11 April 2024. Record date is 12 April 2024. Payment date is 3 May 2024. The first quarter 2024 dividend total is £3.084 million. Duyuru • Feb 29
I3 Energy plc Provides Dividend Guidance for the First Quarter of 2024 i3 Energy Plc announced that the subject to board approval at the end of quarter, the company expected to pay the first quarter of 2024 dividend of 0.2565 pence per share in early second quarter of 2024, with an announcement made in due course, which translates to a forward running yield of 11.5% based on the closing price of i3's ordinary shares on 23 February 2024. Duyuru • Jan 09
i3 Energy plc Announces Dividend for the Fourth Quarter 2023, Payable on 9 February 2024 i3 Energy plc announced fourth quarter 2023 dividend of 0.2565 pence/share. Ex-Dividend Date is 18 January 2024. Record Date is 19 January 2024. Payment date is 9 February 2024. Duyuru • Oct 05
I3 Energy plc Announces Quarterly Dividend, Payable on October 27, 2023 i3 Energy Plc announced quarterly dividend of 0.2565 pence/share for the quarter. Ex-Dividend Date: 12 October 2023, Record Date: 13 October 2023 and Payment date: 27 October 2023. Duyuru • Jun 30
i3 Energy Plc Announces Commence Paying Dividends on Quarterly Basis i3 Energy Plc will now commence paying dividends on a quarterly basis and will pay the third quarter dividend in October 2023, subject to being in compliance with (or obtaining a waiver from) the financial ratios contained within the Loan Documentation, following the financial ratio test at each quarter end. Including dividends declared for the first 6 months in 2023 of £12.3 million, the forecast aggregate dividend payment to shareholders for the first nine months of 2023, of 1.28 pence per share, represents a yield of approximately 7.9% and a forward running yield of 6.3% based on the closing price of i3's ordinary shares of 16.26 pence on 28 June 2023. New Risk • Jun 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 20% Last year net profit margin: 29% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Profit margins are more than 30% lower than last year (20% net profit margin). Duyuru • May 25
i3 Energy Plc, Annual General Meeting, Jun 29, 2023 i3 Energy Plc, Annual General Meeting, Jun 29, 2023. Duyuru • May 17
i3 Energy Plc Announces Monthly Dividend for June 2023, Payable on 16 June 2023 i3 Energy Plc announced its monthly dividend totaling £2.055 million and confirms the following: Dividend of 0.171 pence/share. Ex-Dividend Date is 25 May 2023. Record Date is 26 May 2023 and Payment date is 16 June 2023. Duyuru • Feb 08
i3 Energy Plc Declares February 2023 Dividend, Payable on 10 March 2023 i3 Energy Plc announced its monthly dividend totaling £2.040 million for the month of February 2023 and confirmed the dividend of 0.171 pence per share. Ex-dividend date is 16 Feb. 2023. Record date is 17 Feb. 23. Payment date is 10 March 2023. Duyuru • Jan 12
i3 Energy Plc Announces Dividend for the Month of February 2023, Payable on 10 February 2023 i3 Energy Plc announced its monthly dividend totaling £2.040 million for the month of February 2023 and confirmed the dividend of 0.171 pence per share. Ex-dividend date is 19 January 2023. Record date is 20 January 2023. Payment date is 10 February 2023.