Corporate Actions Announcement

RNS Number : 3942R

Seplat Petroleum Development Co PLC

29 October 2019

 

Seplat Petroleum Development Company PLC

("Seplat" or the "Company")

Corporate Actions Announcement

Lagos and London, 29 October 2019:  Seplat Petroleum Development Company Plc ("Seplat" or the "Company"), a leading Nigerian independent oil and gas company listed on both the Nigerian Stock Exchange and London Stock Exchange, today announces an interim dividend at a rate of US$0.05 (United States Five Cents) per Ordinary Share will be paid to Seplat's shareholders whose names appear in the Register of Members as at the close of business on 12^th November 2019.

Period Ended	30th September 2019
Dividend Announcement date	29th October 2019
Proposed Dividend	An Interim Dividend of US$0.05 (United States Five Cents) per Ordinary Share of N0.50k each, (subject to appropriate withholding tax and approval) will be paid to shareholders whose names appear in the Register of Members as at the close of business on 12th November 2019.
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 the 13th November 2019.
Qualification Date	Close of Business on 12th November 2019.  Note that on the London Stock Exchange: the Associated Record Date will be the 12th November 2019 and the Ex-Dividend date will be the 11th November 2019.
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 the option to elect to be paid their dividends in a currency other than their default currency, must make the election to the Company's registrars by 27th November 2019 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/investor-centre/corporate-governance/dividends. 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 November 2019 and will be communicated by the Company on 12th November 2019.
Payment Date	On or around 5th December 2019, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 12th November 2019, 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 London Stock Exchange should please provide their account details to the Company's UK depositary, Computershare. DataMax Registrars Limited Computershare 2c Gbagada Expressway The Pavillions Gbagada Phase 1 Bridgewater Road Lagos Bristol Nigeria BS13 8AE, United Kingdom Fax: + 234 - 2716095 Fax: [phone] Web: www.datamaxregistrars.com Web: www.computershare.com Email: [e-mail] Telephone: [phone]
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.
Investor Relations	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 Roger Brown, CFO Ayeesha Aliyu - Investor Relations Phone: [phone] Email:  [e-mail] FTI Consulting Ben Brewerton / Sara Powell Phone: [phone] Email:[e-mail]

Summary of Key Dates
29-Oct-19	Dividend announcement date.
11-Nov-19	London Stock Exchange : Ex Dividend Date
	Date for determining Foreign Exchange rate
12-Nov-19	Nigeria Stock Exchange : Qualification Date
	London Stock Exchange : Associated Record Date
	Foreign exchange rates will be communicated to shareholders
13-Nov-19	Nigeria Stock Exchange : Register Close Date
27-Nov-19	Closing date for election to the Company's registrars of foreign exchange rates
05-Dec-19	Dividend Payment Date

Dated this 29^th day of October 2019

Signed:

Edith Onwuchekwa

Company Secretary                                                 

 

END

 

 

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