Close
RNS Number : 6920D
Seplat Petroleum Development Co PLC
30 October 2020
 

 

 

 

 

Corporate Actions Announcement

 

Lagos and London, 30th 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 13th 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: +44 (0)370 703 6101

Web: www.datamaxregistrars.com

Web: www.computershare.com

Email: datamax@datamaxregistrars.com

Telephone: +44 (0)370 702 0003

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

+44 203 725 6500

Carl Franklin / Ayeesha Aliyu - Investor Relations


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

Email:  ir@seplatpetroleum.com

+234 12 770 400

 

FTI Consulting

Ben Brewerton / Sara Powell

Phone: +44 (0) 203 727 1000

Email:seplat@fticonsulting.com


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 30th day of October 2020

 

Signed:

 


 

 

Mr. Emeka Onwuka

Chief Financial Officer                                              

 

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCUKAARRKURUUA