{"id":97477,"title":"Caspian Sunrise plc (AIM:CASP) UK Oil Company Windfall Tax & Dividend Update","publisher":"Share Talk","author":"sharetalk","published":"2022-05-30T09:03:13+00:00","modified":"2022-05-30T09:03:13+00:00","canonical_url":"https://www.share-talk.com/caspian-sunrise-plc-aimcasp-uk-oil-company-windfall-tax-dividend-update/","markdown_url":"https://www.share-talk.com/caspian-sunrise-plc-aimcasp-uk-oil-company-windfall-tax-dividend-update.md","json_url":"https://www.share-talk.com/caspian-sunrise-plc-aimcasp-uk-oil-company-windfall-tax-dividend-update.json","category":"Energy","categories":["Energy"],"tags":["Asslybek Umbetov","CASP","caspian sunrise","Clive Carver","family","Kuat Oraziman","oil","Oraziman","South Yelemes","Spudded","Well 153","Well 154","Well A8"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"**UK Oil Company Windfall Tax**\n\nFor the avoidance of doubt, the Board is pleased to confirm that the UK’s new windfall tax on oil companies applies only to companies operating in the North Sea or the Continental Shelf and therefore does not apply to Caspian Sunrise.\n\n**Dividends**\n\nOn 27 May 2022 the High Court of England and Wales approved the draft order to effect the Company’s cancellation of its share premium account and its deferred shares. A final hearing is expected to be held before the end of June 2022, where the Company expects the High Court will confirm the cancellation can proceed, clearing the way for Caspian Sunrise to make dividend distributions to shareholders.\n\nIt is the Company’s intention that such dividend distributions commence on a quarterly basis starting in July 2022.\n\n**Caspian Sunrise PLC**\n\n**Clive Carver**\n\n**Executive Chairman +7 727 375 0202**"}