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Maurel & Prom: improved dividend proposal for 2023

( - Maurel & Prom announces that the Board of Directors will finally submit a dividend of E0.
30 per share for 2023 to its AGM on 28 May, instead of the initial proposal of a stable dividend of E0.23 announced alongside its annual results.

The oil group justifies this increase in the proposed dividend by its excellent financial health, as demonstrated by the positive net cash position at the end of March 2024, and the maintenance of crude oil prices at a sustained level.

The dividend, representing a total payout of approximately $64m, will be paid on 5 July, with an ex-dividend date of 3 July and a record date of 4 July.

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