Corporate Announcement - Interim Dividend Payment

RNS Number : 0579U
Seplat Energy PLC
28 July 2022
 

 

 

 

 

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.

 

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.

 

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.

 

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.

 

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 / Chris Laing

Phone: +44 (0) 203 727 1000

Email: seplat@fticonsulting.com

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

 

15th August 2022

Nigerian Exchange Limited: Register Close Date

 

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  

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