RNS Number : 9946C
Seplat Energy PLC
28 February 2022

Seplat Energy Plc

Head Office: 16a Temple Road

(Olu Holloway) Ikayi, Lagos, Nigeria

Phone: +234 1277 0400


London Office: 4th Floor 50 Pall Mall

London SW1Y 5JH

Phone: +44 (0) 20 3725 6500

RC: 824838



Corporate Actions Announcement


Lagos and London, 28th 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 5th May 2022.


Period Ended

31st December 2021

Dividend Announcement


28th February 2022


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 5th May 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 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


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


2c Gbagada Expressway

The Pavillions

By Beko Ransom Kuti Park

Bridgewater Road

Gbagada, Lagos



BS13 8AE, United Kingdom

Fax: + 234 1 712 0012

Fax: +44 (0)370 703 6101




Telephone: +44 (0)370 702 0003


Unclaimed Dividend

Warrants and Share


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 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                                                                       +44 203 725 6500                                     

Edith Onwuchekwa, Director Legal/Company Secretary

Carl Franklin / Ayeesha Aliyu - Investor Relations

Phone: +44 (0) 203 725 6500 / +234 (0) 1 277 0400                +234 12 770 400


FTI Consulting

Ben Brewerton / Sara Powell

Phone: +44 (0) 203 727 1000


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 28th day of February 2022






Mr. Emeka Onwuka

Chief Financial Officer                                              



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