Seplat Energy Regulatory News (SEPL)

Period Ended

31st December 2020

Dividend Announcement

Date

1st March 2021

Dividend 

A Final Dividend of US$0.05 (United States Five Cents) per Ordinary Share of N0.50k each, (subject to appropriate withholding tax and shareholders' approval) will be paid to shareholders whose names appear in the Register of Members as at the close of business on 4th May 2021.

Closure of Register

To enable Seplat's Registrar, Datamax Registrars Limited, prepare for the payment of the final dividend, the Register of Shareholders will be closed on 5th May 2021.

Qualification Date

Close of Business on 4th May 2021. 

Note that on the London Stock Exchange: The Associated Record Date will be 4th May 2021 and the Ex-Dividend date will be 3rd May 2021.

Dividend Currency

The default currency and options on currency election for the dividend will depend as follows:

• Shareholders holding their shares on the Nigerian Stock Exchange 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 Stock Exchange 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 18th May 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/investor-centre/corporate-governance/dividends. Those shareholders holding their shares on the Nigerian Stock Exchange 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 3rd May 2021 and will be communicated by the Company on 4th May 2021.

Payment Date

On or around 28th May 2021, the final dividend will be paid electronically to shareholders whose names appear on the Register of Members as at 4th May 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their final 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.

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.

Date of AGM

The Company's Annual General Meeting will be held in Lagos on Thursday, 20th May 2021 at 11.00am.

Enquiries

Enquiries on opening of account and payment of dividend should be directed to the appropriate Registrar.

For all other enquiries, kindly contact:

Summary of Key Dates

1 March 2021

Dividend announcement date

3 May 2021

London Stock Exchange: Ex-Dividend Date

Date for determining foreign exchange rate

4 May 2021

Nigerian Stock Exchange: Qualification date

London Stock Exchange: Associated Record Date

Foreign exchange rates will be communicated to shareholders

5 May 2021

Nigerian Stock Exchange: Register Close Date

18 May 2021

Closing date for election to the Company's Registrars of foreign exchange rates

20 May 2021

Annual General Meeting

28 May 2021

Dividend Payment Date