Corporate Actions Announcement

RNS Number : 0444X

Seplat Petroleum Development Co PLC

29 April 2021

 

Corporate Actions Announcement

Lagos and London, 29^th 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 12^th 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: [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
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 29^th day of April 2021

Signed:

Mr. Emeka Onwuka

Chief Financial Officer  

 

END

 

 

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