REG - Seplat Energy PLC - Corporate Actions Announcement

Seplat EnergyAnnouncement

29/02/2024 07:15

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RNS Number : 9347E  Seplat Energy PLC  29 February 2024

 

 

 

 

 

CORPORATE ACTIONS ANNOUNCEMENT

Lagos and London, February 29, 2024:  Seplat Energy Plc ("Seplat Energy" or
the "Company"), a leading Nigerian independent energy company listed on both
the Nigerian Exchange Limited and London Stock Exchange, today announces a
final dividend at a rate of US$0.03/share (3 cents/share) and a special
dividend at a rate of US$0.03/share (3 cents/share) subject to appropriate
Withholding Tax and Shareholders' approval at the 2024 Annual General Meeting;
payable to shareholders of Seplat Energy whose names appear in the Register of
Members as at the close of business on April 26, 2024.

 Period Ended               December 31, 2023
 Dividend Announcement      February 29, 2024

 Date
 Dividend                   A Final Dividend of US$0.03/share (3 cents per Ordinary Share of N0.50k) each,

                          and a Special Dividend of US$0.03/share (3 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 April 26, 2024.
 Closure of Register        To enable Seplat's Registrar, Datamax Registrars Limited ("DataMax"), prepare
                            for the payment of the dividends, the Register of Shareholders will be closed
                            on April 29, 2024.
 Qualification Date         Close of Business on April 26, 2024.

                            Note that on the London Stock Exchange: The Associated Record Date will be
                            April 26, 2024, and the Ex-Dividend date will be April 25, 2024.
 Dividend Currency          The dividend will be paid in Naira and US Dollars only. The default currency

                          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.  Evidence of the CCI must be provided to Datamax.
                            However, those shareholders may instead elect to receive their entire dividend
                            payment in Naira (partial elections are not permissible); 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.
 Shareholders Options       The dividend will be paid in US Dollars and Naira only. The shareholders
                            holding their shares on the Nigerian Exchange Limited who hold a valid CCI
                            should notify DataMax of that fact. Those who hold a valid CCI but wish to
                            receive their dividends in Naira, should also inform Datamax and complete an
                            e-mandate Form. The e-mandate form can be downloaded from the website of
                            DataMax at https://www.datamaxregistrars.com
                            (https://www.datamaxregistrars.com)
 Determination of Exchange  The exchange rate for the Naira amount payable will be determined by reference

                          to the relevant exchange rates applicable to the US dollar on April 25, 2024,
 Rate                       and will be communicated by the Company on April 26, 2024.
 Payment Date               On or around May 29, 2024, the dividends will be paid electronically to
                            shareholders whose names appear on the Register of Members as of April 26,
                            2024, and who have completed the e-dividend registration and mandated the
                            Registrar to pay their dividend directly into their Bank accounts.
 E-Dividend Registration    Shareholders who are yet to complete the e-dividend registration are advised
                            to download the e-mandate form from the website of DataMax at
                            https://www.datamaxregistrars.com (https://www.datamaxregistrars.com) ,
                            complete and submit to Datamax 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
 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
                            James Thompson / Ayeesha Aliyu - Investor Relations
                            Phone: +44 (0) 203 725 6500 / +234 (0) 1 277 0400

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

                            Ben Brewerton / Chris Laing

                            Phone: +44 (0) 203 727 1000

                            Email:seplatenergy@fticonsulting.com (mailto:seplatenergy@fticonsulting.com)
 Summary of Key Dates
 February 29, 2024          Dividend announcement date
 April 25, 2024             London Stock Exchange: Ex-Dividend Date

                            Date for determining foreign exchange rate
 April 26, 2024             Nigerian Exchange Limited: Qualification date

                            London Stock Exchange: Associated Record Date

                            Foreign exchange rates will be communicated to shareholders
 April 29, 2024             Nigerian Exchange Limited: Register Close Date
 May 16, 2024               Annual General Meeting
 May 29, 2024               Dividend Payment Date

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
 James Thompson / Ayeesha Aliyu - Investor Relations
 Phone: +44 (0) 203 725 6500 / +234 (0) 1 277 0400

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

 Ben Brewerton / Chris Laing

 Phone: +44 (0) 203 727 1000

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

Summary of Key Dates

 

February 29, 2024

Dividend announcement date

April 25, 2024

London Stock Exchange: Ex-Dividend Date

Date for determining foreign exchange rate

April 26, 2024

Nigerian Exchange Limited: Qualification date

London Stock Exchange: Associated Record Date

Foreign exchange rates will be communicated to shareholders

April 29, 2024

Nigerian Exchange Limited: Register Close Date

May 16, 2024

Annual General Meeting

May 29, 2024

Dividend Payment Date

 

Dated this 29(th) day of February 2024

Signed:

Mr. Emeka Onwuka

Chief Financial Officer

 

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