Last checked at 28 Jul 2022 07:44
CORPORATE ANNOUNCEMENT
Lagos and London, 28th July 2022: 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 an interim dividend at a rate of USD2.5cents (United States Two point Five Cents) per Ordinary Share (subject to appropriate WHT) to be paid to SEPLAT's shareholders whose names appear in the Register of Members as at the close of business on 12th August 2022
Period Ended | 30th June 2022 | ||||||||||||||||
Dividend Announcement Date | 28th July 2022 | ||||||||||||||||
Dividend
| An Interim Dividend of US2.5cents (United States Two Point Five 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 2022.
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Closure of Register | To enable Seplat Energy's Registrar, Datamax Registrars Limited, prepare for the payment of the interim dividend, the Register of Shareholders will be closed on 15th August 2022.
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Qualification Date | Close of Business on 12th August 2022. Note that on the London Stock Exchange: The Associated Record Date will be 12th August 2022 and the Ex-Dividend date will be 11th August 2022.
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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 Limited 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 26th August 2022, 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 https://seplatenergy.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 2022 and will be communicated by the Company on 12th August 2022. | ||||||||||||||||
Payment Date | On or around 9th September 2022, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as of 12th August 2022, 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, 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.
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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:
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Summary of Key Dates | |||||||||||||||||
28th July 2022 | Dividend announcement date | ||||||||||||||||
11th August 2022 | London Stock Exchange: Ex-Dividend Date Date for determining foreign exchange rate | ||||||||||||||||
12th August 2022 | Nigerian Exchange Limited: Qualification date London Stock Exchange: Associated Record Date Foreign exchange rates will be communicated to shareholders
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15th August 2022 | Nigerian Exchange Limited: Register Close Date
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26th August 2022 | Closing date for election to the Company's Registrars of foreign exchange rates | ||||||||||||||||
9th September 2022 | Dividend Payment Date | ||||||||||||||||
Dated this 28th day of July 2022
Signed:
Mr. Emeka Onwuka
Chief Financial Officer