Corporate Actions Announcement

RNS Number : 5508Q
Seplat Energy PLC
28 October 2021
 

 

Corporate Action Announcement

 

Lagos and London, 28th October 2021:   Seplat Energy Plc ("Seplat Energy" 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 15th November 2021.

 

Period Ended

30th September 2021

 

Dividend Announcement

Date

28th October 2021

Dividend

 

An Interim Dividend of US2.5 cents (United States Two and Half 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 15th November 2021.

 

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 16th November 2021.

 

Qualification Date

Close of Business on 15th November 2021. 

Note that on the London Stock Exchange: The Associated Record Date will be 15th November 2021 and the Ex-Dividend date will be 12th November 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 30th November 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://www.seplatenergy.com/investors/dividend-information/

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 12th November 2021 and will be communicated by the Company on 15th November 2021.

Payment Date

On or around 9th December 2021, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as at 15th November 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 , 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

Computershare

2c Gbagada Expressway

The Pavillions

By Beko Ransom Kuti Park

Bridgewater Road

Gbagada, Lagos

Bristol

Nigeria

BS13 8AE, United Kingdom

Fax: + 234 1 712 0012

Fax: +44 (0)370 703 6101

Web:  www.datamaxregistrars.com

Web:  www.computershare.com

Email: 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 Plc

Emeka Onwuka, CFO

Carl Franklin / Ayeesha Aliyu - Investor Relations

Phone: +44 (0) 203 725 6500 / +234 (0) 1 277 0400

Email:  ir@seplatenergy.com

FTI Consulting

Ben Brewerton / Sara Powell

Phone: +44 (0) 203 727 1000

Email: seplat@fticonsulting.com

 

 

 

 

 

 

 

 

 

Summary of Key Dates

 

 

Thursday, 28th October 2021

Dividend announcement date

 

Friday, 12th November 2021

London Stock Exchange: Ex-Dividend Date

Date for determining foreign exchange rate

 

Monday, 15th November 2021

Nigerian Exchange Limited: Qualification date

London Stock Exchange: Associated Record Date

Foreign exchange rates will be communicated to shareholders

 

Tuesday, 16th November 2021

Nigerian Exchange Limited: Register Close Date

 

Tuesday, 30th November 2021

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

 

Thursday, 9th December 2021

Dividend Payment Date

 

 

 

 

Dated this 28th day of October 2021

 

Signed:

 

 

 

Mr. Emeka Onwuka

Chief Financial Officer 

 

 

 

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