REG - Seplat Energy PLC - CORPORATE ANNOUNCEMENT

Seplat EnergyAnnouncement

04/03/2025 07:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250304:nRSD1878Za&default-theme=true

RNS Number : 1878Z  Seplat Energy PLC  04 March 2025

 

CORPORATE ANNOUNCEMENT

Lagos and London, March 4, 2025:  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 US3.6 cents (United States Three point Six cents) and a
special dividend of US3.3 cents (United States Three point Three 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 May 9, 2025.

 Period Ended                                        December 31, 2024
 Dividend Announcement Date                          March 4, 2025
 Dividend                                            A Final Dividend of US3.6 cents (United States Three point Six Cents) and a
                                                     Special Dividend of US3.3 cents (United States Three point Three 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 May 9, 2025.
 Closure of Register                                 To enable Seplat Energy's Registrar, Datamax Registrars Limited ("DataMax"),
                                                     prepare for the payment of the dividends, the Register of Shareholders will be
                                                     closed on May 12, 2025.
 Qualification Date                                  Close of Business on May 9, 2025.

                                                     Note that on the London Stock Exchange: The Associated Record Date will be May
                                                     9, 2025, and the Ex-Dividend date will be May 8, 2025.
 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 Rate                      The exchange rate for the Naira amounts payable will be determined by
                                                     reference to the relevant exchange rates applicable to the US dollar on May 8,
                                                     2025, and will be communicated by the Company on May 9, 2025.
 Payment Date                                        On or around May 23, 2025, the dividends will be paid electronically to
                                                     shareholders whose names appear on the Register of Members as of May 9, 2025,
                                                     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 e-mandate form from the website of DataMax at
                                                     http://www.datamaxregistrars.com (http://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 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
                                                     Eleanor Adaralegbe, CFO                                            +44 203 725 6500
                                                     James Thompson / 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 / Chris Laing

                                                     Phone: +44 (0) 203 727 1000

                                                     Email:seplat@fticonsulting.com (mailto:seplat@fticonsulting.com)
 Summary of Key Dates
 March 4, 2025                                       Dividend announcement date
 May 8, 2025                                         London Stock Exchange: Ex-Dividend Date

                                                     Date for determining foreign exchange rate
 May 9, 2025                                         Nigerian Exchange Limited: Qualification date

                                                     London Stock Exchange: Associated Record Date

                                                     Foreign exchange rates will be communicated to shareholders
 May 12, 2025                                        Nigerian Exchange Limited: Register Close Date
 May 23, 2025                                        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
 Eleanor Adaralegbe, CFO                                            +44 203 725 6500
 James Thompson / 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 / Chris Laing

 Phone: +44 (0) 203 727 1000

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

Summary of Key Dates

March 4, 2025

Dividend announcement date

May 8, 2025

London Stock Exchange: Ex-Dividend Date

Date for determining foreign exchange rate

May 9, 2025

Nigerian Exchange Limited: Qualification date

London Stock Exchange: Associated Record Date

Foreign exchange rates will be communicated to shareholders

May 12, 2025

Nigerian Exchange Limited: Register Close Date

May 23, 2025

Dividend Payment Date

 

Dated this 4(th) day of March 2025

Signed:

 

 

Eleanor Adaralegbe

Chief Financial Officer

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DIVEADDDEFNSEAA