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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 12th 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: +44 (0)870 703 6101

Web: www.datamaxregistrars.com

Web: www.computershare.com

Email: misan.kofi-senaya@datamaxregistrars.com

Telephone: +44 (0)870 702 0000

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: +44 (0) 203 725 6500 / +234 (0) 1 277 0400

Email:  ir@seplatpetroleum.com

 

FTI Consulting

Ben Brewerton / Sara Powell

Phone: +44 (0) 203 727 1000

Email:seplat@fticonsulting.com

 

 

 

 

 

 

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 29th day of October 2019

 

Signed:

 

 

Edith Onwuchekwa

Company Secretary                                                 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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