Last checked at 29 Jul 2021 07:12
Corporate Action Announcement
Lagos and London, 29th July 2021: Seplat Energy Plc ("Seplat" or the "Company"), a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and London Stock Exchange, today announces a quarterly dividend at a rate of US2.5 cents (United States Two and Half Cents) per Ordinary Share (subject to appropriate WHT) to be paid to Seplat Energy's shareholders whose names appear in the Register of Members as at the close of business on 12th August 2021.
Period Ended | 30th June 2021 |
Dividend Announcement Date | 29th July 2021 |
Dividend | An Interim Dividend of US2.5 cents per Ordinary Share of N0.50k each, (subject to appropriate withholding tax) will be paid to shareholders whose names appear in the Register of Members as at the close of business on 12th August 2021.
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Closure of Register | To enable Seplat's Registrar, Datamax Registrars Limited, prepare for the payment of the interim dividend, the Register of Shareholders will be closed on 13th August 2021.
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Qualification Date | Close of Business on 12th August 2021. Note that on the London Stock Exchange: The Associated Record Date will be 12th August 2021 and the Ex-Dividend date will be 11th August 2021.
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Dividend Currency
| The default currency and options on currency election for the dividend will depend as follows: • Shareholders holding their shares on the Nigerian Exchange Limited without a valid Nigerian Certificate for Capital Importation ("CCI") will be paid their dividend in Naira as the default currency; • Shareholders holding their shares on the Nigerian Exchange Limted with a valid CCI will be paid their dividend in US dollars as the default currency. However, those shareholders may instead elect to receive their entire dividend payment in Naira (partial elections are not permissible). Evidence of the CCI must be provided to Datamax Registrars Limited; and • Shareholders holding their shares through depository interests on the London Stock Exchange will be paid their dividend in US dollars as the default currency. However, those shareholders may instead elect to receive their entire dividend payment in pounds sterling. Partial elections are not permissible. |
Shareholders Options | Shareholders who have a dividend currency option, must make the election to the Company's Registrars by 27th August 2021, otherwise the dividend will be paid in the default currency. The election form will be sent out to the relevant shareholders and can also be found on the Company website at https://seplatpetroleum.com/investors/dividend/. Those shareholders holding their shares on the Nigerian Exchange Limited who hold a valid CCI should notify SEPLAT's Nigerian Registrars, DataMax Registrars Limited ("DataMax"), of that fact. |
Determination of Exchange Rate | The exchange rate for the Naira or Pounds Sterling amounts payable will be determined by reference to the relevant exchange rates applicable to the US dollar on 11th August 2021 and will be communicated by the Company on 12th August 2021. |
Payment Date | On or around 13th September 2021, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as at 12th August 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their interim dividend directly into their Bank accounts. |
E-Dividend Registration | Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar's E-Dividend Mandate Activation Form, which is also available on: http://www.datamaxregistrars.com/images/forms/seplate_e-mandate %20form.pdf, complete and submit to the Registrar or their respective Banks. Holders of shares through depositary interests on the LSE should please provide their account details to the Company's UK depositary, Computershare.
DataMax Registrars Limited Computershare2c Gbagada Expressway The PavillionsBy Beko Ransom Kuti Park Bridgewater RoadGbagada, Lagos BristolNigeria BS13 8AEFax: +234 1 712 0012 Fax: +44 (0)370 703 6101Web: www.datamaxregistrars.com Web: www.computershare.comEmail: datamax@datamaxregistrars.com Telephone: +44 (0)370 702 0003 |
Unclaimed Dividend Warrants and Share Certificates | Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Registrar. |
Enquiries | Enquiries on opening of account and payment of dividend should be directed to the appropriate Registrar. For all other enquiries, kindly contact: Seplat Energy plcEmeka Onwuka CFO +44 203 725 6500Carl Franklin / Ayeesha Aliyu - Investor RelationsPhone: +44 (0) 203 725 6500 / +234 (0) 1 277 0400 +234 12 770 400Email: ir@seplatpetroleum.com FTI Consulting Ben Brewerton / Sara Powell Phone: +44 (0) 203 727 1000 Email: seplatenergy@fticonsulting.com |
Thursday, 29th July 2021 | Dividend announcement date |
Wednesday, 11th August 2021 | London Stock Exchange: Ex-Dividend Date Date for determining foreign exchange rate |
Thursday, 12th August 2021 | Nigerian Exchange Limited: Qualification date London Stock Exchange: Associated Record Date Foreign exchange rates will be communicated to shareholders
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Friday, 13th August 2021 | Nigerian Exchange Limited: Register Close Date
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Friday, 27th August 2021 | Closing date for election to the Company's Registrars of foreign exchange rates |
Thursday, 13th September 2021 | Dividend Payment Date |
Dated this 29th day of July 2021.
Signed:
Mr. Emeka Onwuka
Chief Financial Officer