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.
