REG - Seplat Energy PLC - Corporate Actions Announcement

Seplat EnergyAnnouncement

28/02/2023 07:00

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RNS Number : 2228R  Seplat Energy PLC  28 February 2023

Corporate Actions Announcement

 

Lagos and London, 28(th) 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 18(th) April 2023.

 

 Period Ended               31st December 2022
 Dividend Announcement      28(th) February 2023

 Date
 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 18(th) 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
                            (https://seplatpetroleum.com/investor-centre/corporate-governance/%20dividends)
                            . 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  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
 Rate                       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 (http://www.datamaxregistrars.com)   Web: www.computershare.com (http://www.computershare.com/)
                            Email: datamax@datamaxregistrars.com                                Telephone: +44 (0)370 702 0003

 

 Unclaimed Dividend         Shareholders with dividend warrants and share certificates that have remained

                          unclaimed or are yet to be presented for payment or returned for validation
 Warrants and Share         are advised to complete the e-dividend registration or contact the Registrar.

 Certificates
 Date of AGM                The Company's Annual General Meeting will be held in Lagos on Wednesday,
                            10(th) May 2023 at 11.00am.
 Enquiries                  Seplat Energy Plc
                            Emeka Onwuka, CFO                                                  +44 203 725 6500

                            Edith Onwuchekwa, Director Legal/Company Secretary
                            Carl Franklin / Ayeesha Aliyu - Investor Relations
                            Phone: +44 (0) 203 725 6500 / +234 (0) 1 277 0400                  +234 12 770 400

                            Email:  ir@seplatenergy.com (mailto:ir@seplatenergy.com)

                            FTI Consulting

                            Ben Brewerton / Sara Powell

                            Phone: +44 (0) 203 727 1000

                            Email:seplat@fticonsulting.com (mailto:seplat@fticonsulting.com)

 

 

 

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,
10(th) May 2023 at 11.00am.

Enquiries

 Seplat Energy Plc
 Emeka Onwuka, CFO                                                  +44 203 725 6500

 Edith Onwuchekwa, Director Legal/Company Secretary
 Carl Franklin / Ayeesha Aliyu - Investor Relations
 Phone: +44 (0) 203 725 6500 / +234 (0) 1 277 0400                  +234 12 770 400

 Email:  ir@seplatenergy.com (mailto:ir@seplatenergy.com)

 FTI Consulting

 Ben Brewerton / Sara Powell

 Phone: +44 (0) 203 727 1000

 Email:seplat@fticonsulting.com (mailto:seplat@fticonsulting.com)

 

 Summary of Key Dates

 28 February 2023   Dividend announcement date
 17(th) April 2023  London Stock Exchange: Ex-Dividend Date

                    Date for determining foreign exchange rate
 18(th) April 2023  Nigerian Exchange Limited: Qualification date

                    London Stock Exchange: Associated Record Date

                    Foreign exchange rates will be communicated to shareholders
 19(th) April 2023  Nigerian Exchange Limited: Register Close Date
 3(rd) May 2023     Closing date for election to the Company's Registrars of foreign exchange
                    rates
 10(th) May 2023    Annual General Meeting
 10(th) May 2023    Dividend Payment Date

 

 

 

Dated this 28(th) day of February 2023

 

Signed:

 

 

 

 

Mr. Emeka Onwuka

Chief Financial
Officer

 

 

 

 

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