REG - Seplat PetDevCom Plc - Corporate Actions Announcement
RNS Number : 0444XSeplat Petroleum Development Co PLC29 April 2021
Corporate Actions Announcement
Lagos and London, 29th April 2021: Seplat Petroleum Development Company Plc ("Seplat" or the "Company"), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and London Stock Exchange, today announces a quarterly dividend at a rate of US 2.5 cents (United States Two and Half Cents) per Ordinary Share (subject to appropriate WHT) to be paid to SEPLAT's shareholders whose names appear in the Register of Members as at the close of business on 12th May 2021.
Period Ended
31st March 2021
Dividend Announcement
Date
29th April 2021
Dividend
An Interim Dividend of US 2.5 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 May 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 May 2021.
Qualification Date
Close of Business on 12th May 2021.
Note that on the London Stock Exchange: The Associated Record Date will be 12th May 2021 and the Ex-Dividend date will be 11th May 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 Stock Exchange 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 Stock Exchange 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 May 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 Stock Exchange 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 May 2021 and will be communicated by the Company on 12th May 2021.
Payment Date
On or around 6th June 2021, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as at 12th May 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, United Kingdom
Fax: + 234 1 712 0012
Fax: +44 (0)370 703 6101
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 Petroleum Development Company 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
Email: ir@seplatpetroleum.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
29th April 2021
Dividend announcement date
11th May 2021
London Stock Exchange: Ex-Dividend Date
Date for determining foreign exchange rate
12th May 2021
Nigerian Stock Exchange: Qualification date
London Stock Exchange: Associated Record Date
Foreign exchange rates will be communicated to shareholders
13th May 2021
Nigerian Stock Exchange: Register Close Date
27th May 2021
Closing date for election to the Company's Registrars of foreign exchange rates
6th June 2021
Dividend Payment Date
Dated this 29th day of April 2021
Signed:
Mr. Emeka Onwuka
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 or visit 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.ENDMSCILMFTMTMTMMB
Recent news on Seplat Energy
See all newsREG - Seplat Energy PLC - Annual Financial Report
AnnouncementREG - Seplat Energy PLC - Full Year 2023 Financial Results
AnnouncementREG - Seplat Energy PLC - Appointment of New Non-Executive Chair & Director
AnnouncementREG - Seplat Energy PLC - Corporate Actions Announcement
AnnouncementREG - Seplat Energy PLC - Notice of Results
Announcement