Corporate Action Announcement

Source: RNS
RNS Number : 8846G
Seplat Energy PLC
29 July 2021
 

 

Corporate Action Announcement

 

Lagos and London, 29th July 2021:  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 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 12th August 2021.

 

Period Ended

30th June 2021

Dividend Announcement

Date

29th July 2021

Dividend

An Interim Dividend of US2.5 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 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 13th August 2021.

 

Qualification Date

Close of Business on 12th August 2021. 

Note that on the London Stock Exchange: The Associated Record Date will be 12th August 2021 and the Ex-Dividend date will be 11th August 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 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 Limted 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 27th August 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://seplatpetroleum.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 2021 and will be communicated by the Company on 12th August 2021.

Payment Date

On or around 13th September 2021, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as at 12th August 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, 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
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  +44 203 725 6500
Carl Franklin / Ayeesha Aliyu - Investor Relations
Phone: +44 (0) 203 725 6500 / +234 (0) 1 277 0400              +234 12 770 400
Email:
ir@seplatpetroleum.com

FTI Consulting

Ben Brewerton / Sara Powell

Phone: +44 (0) 203 727 1000

Email: seplatenergy@fticonsulting.com

Thursday, 29th July 2021

Dividend announcement date

Wednesday, 11th August 2021

London Stock Exchange: Ex-Dividend Date

Date for determining foreign exchange rate

Thursday, 12th August 2021

Nigerian Exchange Limited: Qualification date

London Stock Exchange: Associated Record Date

Foreign exchange rates will be communicated to shareholders

 

Friday, 13th August 2021

Nigerian Exchange Limited: Register Close Date

 

Friday, 27th August 2021

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

Thursday, 13th September 2021

Dividend Payment Date

 

 

Dated this 29th day of July 2021.

 

Signed:

 

Mr. Emeka Onwuka

Chief Financial Officer                                              

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