Corporate Actions Announcement

RNS Number : 9946C

Seplat Energy PLC

28 February 2022

 

Seplat Energy Plc

Head Office: 16a Temple Road

(Olu Holloway) Ikayi, Lagos, Nigeria

Phone: [phone]

London Office: 4^th Floor 50 Pall Mall

London SW1Y 5JH

Phone: [phone]

[e-mail]

seplatenergy.com

RC: 824838

Corporate Actions Announcement

Lagos and London, 28^th February 2022:   Seplat Energy Plc ("Seplat" or the "Company"), a leading indigenous Nigerian energy company with a strategic focus on Nigeria, listed on both the Nigerian Exchange Limited ("NGX") and London Stock Exchange ("LSE") , today announces a final dividend at a rate of US$0.025/share (2.5 cents) subject to shareholders' approval at the 2022 Annual General Meeting; payable to Seplat's shareholders whose names appear in the Register of Members as at the close of business on 5^th May 2022.

Period Ended	31st December 2021
Dividend Announcement Date	28th February 2022
Dividend	A Final Dividend of US$0.025 (2.5 Cents) per Ordinary Share of N0.50k each, (subject to appropriate withholding tax and shareholders' approval) will be paid to shareholders whose names appear in the Register of Members as at the close of business on 5th May 2022.
Closure of Register	To enable Seplat's Registrar, Datamax Registrars Limited, prepare for the payment of the final dividend, the Register of Shareholders will be closed on 6th May 2022.
Qualification Date	Close of Business on 5thMay 2022.  Note that on the LSE: The Associated Record Date will be 5th May 2022 and the Ex-Dividend date will be 29th April 2022.
Dividend Currency	The default currency and options on currency election for the dividend will depend as follows: • Shareholders holding their shares on the NGX 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 NGX 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 LSE 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 18th May 2022, 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 NGX 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 29th April 2022 and will be communicated by the Company on 5th May 2022.
Payment Date	On or around 25th May 2022, the final dividend will be paid electronically to shareholders whose names appear on the Register of Members as at 5th May 2022, and who have completed the e-dividend registration and mandated the Registrar to pay their final 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 , 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.
Date of AGM	The Company's Annual General Meeting will be held in Lagos on Wednesday, 18th May 2022 at 11.00am.
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 Emeka Onwuka, CFO  [phone]  Edith Onwuchekwa, Director Legal/Company Secretary Carl Franklin / Ayeesha Aliyu - Investor Relations Phone: [phone]   [phone] Email:  [e-mail] FTI Consulting Ben Brewerton / Sara Powell Phone: [phone] Email: [e-mail]

Summary of Key Dates

28 February 2022	Dividend announcement date
29th April 2022	London Stock Exchange: Ex-Dividend Date Date for determining foreign exchange rate
5 May 2022	Nigerian Exchange Limited: Qualification date London Stock Exchange: Associated Record Date Foreign exchange rates will be communicated to shareholders
6 May 2022	Nigerian Exchange Limited: Register Close Date
18 May 2022	Closing date for election to the Company's Registrars of foreign exchange rates
18 May 2022	Annual General Meeting
25 May 2022	Dividend Payment Date

Dated this 28^th day of February 2022

Signed:

Mr. Emeka Onwuka

Chief Financial Officer  

 

END

 

 

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