Corporate Actions Announcement

RNS Number : 6920D

Seplat Petroleum Development Co PLC

30 October 2020

 

Corporate Actions Announcement

Lagos and London, 30^th October 2020:   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 an interim dividend at a rate of US$0.05 (United States Five 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 13^th November 2020.

Period Ended	30th September 2020
Dividend Announcement Date	30th October 2020
Dividend	An Interim Dividend of US$0.05 (United States Five 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 13th November 2020.
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 14th November 2020.
Qualification Date	Close of Business on 13th November 2020.  Note that on the London Stock Exchange: The Associated Record Date will be 13th November 2020 and the Ex-Dividend date will be 12th November 2020.
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 28th November 2020, 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 12th November 2020 and will be communicated by the Company on 13th November 2020.
Payment Date	On or around 7th December 2020, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as at 13th November 2020, 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: [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.
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 [phone] Carl Franklin / Ayeesha Aliyu - Investor Relations Phone: [phone] Email:  [e-mail] [phone] FTI Consulting Ben Brewerton / Sara Powell Phone: [phone] Email: [e-mail]
Summary of Key Dates
30 October 2020	Dividend announcement date
12 November 2020	London Stock Exchange: Ex-Dividend Date Date for determining foreign exchange rate
13 November 2020	Nigerian Stock Exchange: Qualification date London Stock Exchange: Associated Record Date Foreign exchange rates will be communicated to shareholders
14 November 2020	Nigerian Stock Exchange: Register Close Date
28 November 2020	Closing date for election to the Company's Registrars of foreign exchange rates
7 December 2020	Dividend Payment Date

Dated this 30^th day of October 2020

Signed:

Mr. Emeka Onwuka

Chief Financial Officer  

 

END

 

 

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