Seplat Announces US2.5 cents Interim Dividend for Q1 2021

Seplat Petroleum Development Company Plc announced an interim dividend of US2.5 cents per ordinary share of N0.50k each for the first quarter (Q1) ended 31 March 2021.

The interim dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on 12th May 2021.

According to the energy company, the company’s Registrar manages by Datamax Registrars Limited for the payment of the interim dividend will be closed on 13th May 2021.

On dividend currency, Seplat said 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.

Seplat grew revenue by 16.8 percent in the first quarter of 2021 to N57.9 billion while profit before tax stood at N10.6 billion.