Dividend Currency Election and Q2 2019 Dividend
9 August 2019
DIVERSIFIED GAS & OIL PLC
("DGO" or the "Company")
Dividend Currency Election and Q2 2019 Dividend Declaration
Diversified Gas & Oil plc (AIM: DGOC), the US based owner and operator of natural gas, natural gas liquids and oil wells as well as midstream assets, announces the following information relating to dividends.
Q1 2019 Dividend and Declaration of Q2 2019 Dividend
On 13 June 2019, the Company announced a dividend in respect of the first quarter to 31 March 2019 of 3.42 cents per share ("Q1 2019 Dividend"). The Q1 2019 Dividend will be paid on 27 September 2019 to those shareholders on the register on 6 September 2019.
On 8 August 2019, the Company was also pleased to announce that it will pay a dividend in respect of the second quarter to 30 June 2019 of 3.5 cents per share (Q2 2018: 2.8 cents). The dividend will be paid on 18 December 2019 to those shareholders on the register on 30 November 2019.
GBP Dividend Currency Election
The Company announces that it will offer a GBP sterling equivalent dividend payment for dividends beginning with the Q1 2019 Dividend (and for future dividends until Shareholders are notified otherwise).
Default Currency is USD
The Company's default currency for its dividend payments will continue to be the US dollar, and as such Shareholders will receive their dividends in US dollars unless they complete and return a GBP sterling currency election form to the Company's registrars, Computershare.
Currency Election Form Information
Computershare, on behalf of the Company, will post the currency election form to Shareholders today. In addition, the Company will make the form available on its website at https://ir.dgoc.com/dividend-information.
Shareholders who wish to receive the Q1 2019 Dividend in GBP sterling should complete and return the currency election form to Computershare Investor Services Plc, The Pavilions, Bridgwater Road, Bristol, BS99 6ZY in the pre-paid envelope provided. With respect to the Q1 2019 Dividend, Computershare must receive a correctly completed form not later than Monday 9 September 2019. Shareholders who hold their ordinary shares in uncertificated form in CREST may also make a dividend currency election through CREST.
Shareholders should note that elections can be made only in respect of their entire shareholding and partial elections will not be accepted.
Exchange Rate Information
Details of the Q1 2019 Dividend conversion exchange rate will be announced on or around 6 September 2019.
Contact Computershare with Questions
Shareholders requiring further information relating to currency election forms may contact Computershare on +44 (0)370 702 0151.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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Diversified Gas & Oil PLC Rusty Hutson Jr., Chief Executive Officer Brad Gray, Chief Operating Officer & Finance Director Eric Williams, Chief Financial Officer Teresa Odom, Vice President, Investor Relations
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+ 1 (205) 408 0909
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Cenkos Securities plc (Nominated Adviser) Russell Cook Katy Birkin Ben Jeynes
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+44 (0)20 7397 8900
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Mirabaud Securities Limited (Joint Broker) Peter Krens Edward Haig-Thomas
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+44 (0)20 3167 7221
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Stifel Nicolaus Europe Limited (Joint Broker) Callum Stewart Nicholas Rhodes Ashton Clanfield
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+44 (0)20 7710 7600 |
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Buchanan (Financial Public Relations) Ben Romney Chris Judd James Husband |
+44 (0)20 7466 5000 |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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