Revised Corporate Actions Announcement

RNS Number : 9039M

SEPLAT Petroleum Development Co PLC

02 May 2018

 

Revised Corporate Actions Announcement

Lagos and London, 2 May 2018:  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 a revision to its Q1 2018 interim dividend timetable previously announced on the 30^th April 2018 to amalgamate fully the different notice periods of both exchanges. The following dates have been revised:

•	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 16th May 2018 (revised from 3rd May 2018).
•	For reference for all shareholders holding a Depository Interest on the London Stock Exchange, the Associated Record Date will be the 16th May 2018 and the Ex-Dividend Date will be the 15th May 2018.
•	To enable Seplat's Registrar, Datamax Registrars Limited, to prepare for the payment of the interim dividend, the Register of Shareholders will be closed on the 17th May 2018 (revised from 4th May 2018).
•	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 31st May 2018 (revised from 13th May 2018), otherwise the dividend will be paid in the default currency.
•	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  16th May 2018 (revised from 3rd May 2018) and will be communicated by the Company on 17th May 2018 (revised from 4th May 2018).
•	On or around 8th June 2018 (revised from 22nd May 2018), dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 16th May 2018 (revised from the 3rd May 2018), and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

An amended Corporate Actions Form is provided below.

 

SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC hereby announce as follows:

Period Ended	31st March 2018
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 16th May 2018.
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 17th May 2018.
Qualification Date	Close of Business on 16th May 2018
Dividend currency exchange rate	The default currency for the dividend will depend on whether the shareholder has a Nigerian Certificate for Capital Importation ("CCI") and is determined as follows: •            Shareholders holding their shares on the Nigerian Stock Exchange and do not hold a valid CCI will be paid their dividend in Naira; •            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); 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 31st May 2018, 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  16th May 2018 and will be communicated by the Company on 17th May 2018.
Payment Date	On or around 8th June 2018, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 16th May 2018, 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]
E-Copy 2017 Annual Report	Shareholders who are interested in receiving the electronic version of the 2017 SEPLAT Annual Report and Accounts can make their request through the following e-mail address: [e-mail]
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 General Meeting	The Company's Annual General Meeting will be held at the Civic Centre, Ozumba Mbadiwe Road, Victoria Island, Lagos, on Wednesday, 6th June 2018 at 11am.
Investor Relations	Email:    [e-mail]                [e-mail] Phone: [phone]                [phone]

Dated this 2^nd day of May 2018

Signed:

Dr. Mirian Kene Kachikwu

(Company Secretary)                                                 

 

END

 

 

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