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Seplat Announces Currency Exchange Rates for Proposed Final Dividend for 2020

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Naira Dollar Exchange Rate - Investors King

Seplat Petroleum Development Company Plc, a leading Nigerian independent oil and gas company listed on both the Nigerian Exchange Limited and London Stock Exchange, today confirms that the following currency exchange rates will be applicable in the determination of the proposed final dividend for 2020 to any shareholder that qualifies for and has elected to receive the dividend payment in Naira or GBP:

Exchange Rate

1 USD = 410.24 Naira
1 USD = 0.7197 GBP

The exchange rate for the Naira or Pound Sterling amounts payable was determined by reference to the exchange rates applicable to the US dollar available on 30th April 2021.

The closing date for Dividend currency election to the Company’s Registrars is 18th May 2021. In the absence of a qualifying Dividend currency election by shareholders to the appropriate Registrar, dividends will be paid in their default currency. Shareholders should refer to the Company’s announcement on 1st March 2021 for definition of default currencies and dividend currency election forms can be found on the company website at https://seplatpetroleum.com/investors/dividend.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Dividends

Seplat Petroleum Announces Currency Exchange Rates for Q1 2021 Interim Dividend

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Dividend - Investors King

Seplat Petroleum Development Company Plc, a leading Nigerian independent oil and gas firm, on Wednesday confirmed the currency exchange rates applicable in determining the interim dividend for the first quarter (Q1) of 2021 to any qualified shareholder.

The payment will be made in currency exchange elected by the qualified shareholders.

However, payment of dividend will be made in Naira or GBP at the following rates:

1 USD = 410.29 Naira
1 USD = 0.7062 GBP

Seplat disclosed this in a statement signed by Mr. Emeka Onwuka, the Chief Financial Officer (CFO), Seplat Petroleum Development Company Plc.

The exchange rate for the Naira or Pound Sterling amounts payable was determined by reference to the exchange rates applicable to the US dollar available on 25th May 2021.

The date for dividend currency election to the Company’s Registrars is 2
nd June 2021.

In the absence of a qualifying dividend currency election by shareholders to the appropriate Registrar, dividends will be paid in their default currency. Shareholders are, therefore, advised to refer to the Company’s announcement on 29th April 2021 for definition of default currencies and dividend currency election forms can be found on the company website at https://seplatpetroleum.com/investors/dividend.

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Dividends

Despite 29 Percent Drop in Profit, CAP Plc Proposes N2.10kobo Final Dividend for 2020

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CAP Paint - Investors King

CAP Plc has declared a final dividend of N2.10kobo for every 50kobo ordinary share to shareholders on the Register of Members at the close of business on June 2, 2021 for consideration and approval of the Shareholders.

The company reported a 27 percent decline in operating income from N2.1 billion in 2019 to N1.5 billion in 2020. See the details below.

CAP Plc Financial Highlights

  • Gross earnings for the Company increased by 3.9% to N8.73 billion (2019: N8.4 billion);
  • Operating income for the Company decreased by 26.6% to N1.5 billion (2019: N2.1 billion);
  • Profit Before Tax for the Company decreased marginally by 29% to N1.8 billion (2019: N2.54 billion);
  • Profit for the year is N1.2 billion as against N1.7 Billion achieved in 2019;
  • The Company’s total assets grew to N8.5 billion from N6.76 billion in 2019

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Dividends

C&I Leasing Plc Declares Final Dividend of 5 Kobo for 2020 Financial Year

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C&I Leasing - Investors King

C&I Leasing Group Plc, a Nigerian public limited maritime company, announced a final dividend of 5 kobo per ordinary share of 50 kobo each for the financial year ended 31 December 2020.

The amount will be paid to shareholders whose names appear in the Register of Members as at close of business on Friday, 11th June 2021.

The Register of Shareholders will be closed from Monday 4th June, 2021 to Wednesday, 16th June, 2021.

Dividends will be paid electronically to shareholders whose names appear on the Register of Members as at close of business on Friday, 11th June, 2021, and who have completed their e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

However, 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 our website: www.cileasing.com, complete and submit to the Registrar or their respective Banks.

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