Company Announcements

Corporate Actions Announcement

Source: RNS
RNS Number : 2228R
Seplat Energy PLC
28 February 2023
 

Corporate Actions Announcement

 

Lagos and London, 28th February 2023:  Seplat Energy Plc ("Seplat" or the "Company"), a leading indigenous Nigerian energy company  listed on both the Nigerian Exchange Limited ("NGX") and London Stock Exchange ("LSE"), today announces a final dividend at a rate of US$0.025/share (2.5 cents) and a special dividend at a rate of US$0.05/share (5 cents), subject to Shareholders' approval at the 2023 Annual General Meeting; payable to Seplat's shareholders whose names appear in the Register of Members as at the close of business on 18th April 2023.

 

Period Ended

31st December 2022

Dividend Announcement

Date

28th February 2023

Dividends

 

A Final Dividend of US$0.025 (2.5 Cents) per Ordinary Share of N0.50k each, and a Special Dividend of US$0.05/share (5 cents) per Ordinary Share of N0.50k each, (both dividends are subject to the 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 18th April 2023.

 

Closure of Register

To enable Seplat's Registrar, Datamax Registrars Limited, prepare for the payment of the dividends, the Register of Shareholders will be closed on 19th April 2023.

 

Qualification Date

Close of Business on 18th April 2023. 

Note that on the LSE: The Associated Record Date will be 18th April 2023 and the Ex-Dividend date will be 17th April 2023.

 

Dividend Currency

 

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

·      Shareholders holding their shares on the NGX 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 NGX 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 LSE 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 3rd May 2023, otherwise the dividends 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 NGX 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 17th April 2023 and will be communicated by the Company on 18th April 2023.

Payment Date

On or around 10th May 2023, the dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 18th April 2023, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends 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.

 

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.

Date of AGM

The Company's Annual General Meeting will be held in Lagos on Wednesday, 10th May 2023 at 11.00am.

Enquiries

Seplat Energy Plc


Emeka Onwuka, CFO

Edith Onwuchekwa, Director Legal/Company Secretary

+44 203 725 6500

Carl Franklin / Ayeesha Aliyu - Investor Relations


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

Email:  ir@seplatenergy.com

 

+234 12 770 400

 

FTI Consulting

Ben Brewerton / Sara Powell

Phone: +44 (0) 203 727 1000

Email:seplat@fticonsulting.com


 

Summary of Key Dates

 

28 February 2023

Dividend announcement date

17th April 2023

London Stock Exchange: Ex-Dividend Date

Date for determining foreign exchange rate

18th April 2023

Nigerian Exchange Limited: Qualification date

London Stock Exchange: Associated Record Date

Foreign exchange rates will be communicated to shareholders

19th April 2023

Nigerian Exchange Limited: Register Close Date

3rd May 2023

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

10th May 2023

Annual General Meeting

10th May 2023

Dividend Payment Date

 

 

 

Dated this 28th day of February 2023

 

Signed:

 

 


 

 

Mr. Emeka Onwuka

Chief Financial Officer                                              

 

 

 

 

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