Seplat Energy Proposes Interim Dividend of US$2.5 Per Ordinary Share for Q2 2021

Seplat Energy Plc on Thursday announced an interim dividend of US2.5 cents (United States Two and Half Cents) per ordinary share for the quarter ended 30 June 2021.

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

To enable Seplat’s Registrar, Datamax Registrars Limited, prepare for the payment of the interim dividend, the Register of shareholders will be closed on 13th August 2021.

The energy company put the qualification date at August 12, 2021. Note that on the London Stock Exchange: The Associated Record Date will be 12th August 2021 and the Ex-Dividend date will be 11th August 2021.

On currency, the company said “Shareholders holding their shares on the Nigerian Exchange Limited 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 Exchange Limited 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.”

However, shareholders who have a dividend currency option, must make the election to the Company’s Registrars by 27th August 2021, 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 Exchange Limited who hold a valid CCI should notify SEPLAT’s Nigerian Registrars, DataMax Registrars Limited (“DataMax”), of that fact.