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Seplat Declares US$2.5 cents Interim Dividend in Q3 2021

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Seplat Energy Plc - Investors King

Seplat Energy Plc on Thursday announced an interim dividend of US2.5 cents (United States Two and Half Cents) per ordinary share of N0.50k each for the quarter ended September 30, 2021 after reporting a healthy financial statement.

The dividend, subject to appropriate withholding tax, will be paid to shareholders whose names appear in the Register of Members as at the close of business on 15th November 2021.

To allow the company’s Registrar, Datamax Registrars Limited, prepare for the payment of the interim dividend, the Register of Shareholders will be closed on 16th November 2021.

Please note that on the London Stock Exchange: The Associated Record Date will be 15th November 2021 and the Ex-Dividend date will be 12th November 2021.

On currency options, 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, while 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.

Shareholders who have a dividend currency option, must make the election to the Company’s Registrars by 30th November 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 Seplat Dividend information.

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.

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 12th November 2021 and will be communicated by the Company on 15
th November 2021.

On or around 9th December 2021, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as at 15th November 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their interim dividend directly into their Bank accounts.

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 Confirms Currency Exchange Rates for Dividend Payment

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Seplat Energy Plc - Investors King

Seplat Energy Plc, a leading Nigerian independent oil and gas company, today confirms that the following currency exchange rates will be applicable in determining the interim dividend for Q3 2021 to any shareholder that qualifies for and has elected to receive the dividend payment in Naira or Sterling (GBP):

Exchange Rate

1 USD = 413.64 NGN
1 USD = 0.7468 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 12th November 2021.

The closing date for dividend currency election to the Company’s Registrars is 30th November 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 28th October 2021 for definition of default currency and dividend currency election forms can be found on the company website at https://seplatenergy.com/investors/dividend.

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Dividends

Airtel Africa Confirms Default Currency, Options on Currency Election For Interim Dividend

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Airtel Africa - Investors King

Airtel Africa on Tuesday confirmed the default currency and options on currency election for the interim dividend, (recommended by the Board to be 2 cents per ordinary share payable on 10 December 2021 to shareholders on the register at of close of business on 12 November 2021) and the currency exchange rates that will be applicable in determination of the interim dividend payment to any shareholders that qualify for and have elected to receive the interim dividend payment in U.S. dollars, GB pounds or Nigerian naira will be as follows:

Arrangements for Shareholders that hold their shares on the London Stock Exchange (LSE):

• Shareholders that hold their shares on the London Stock Exchange may elect to receive their entire dividend payment in GB Pounds or U.S. dollars.

• Partial elections are not permissible.

• Holders electing to receive a dividend should specify a choice of currency by completing the Currency Election Form and returning this to Computershare Investor Services plc.

• Shareholders holding their shares on the LSE who do not indicate their currency of choice before 26 November 2021 will receive their dividends in U.S. dollars.

• The closing date for the dividend currency election to the Company’s Registrars Computershare Investor Services plc in the UK is 26 November 2021.

• Currency election forms can be obtained by contacting the Company’s Registrars, Computershare Investor Services plc, on the Company’s dedicated telephone line: +44 (0)370 703 0027.

Arrangements for Shareholders that hold their shares on the Nigerian Exchange Limited (NGX):

• Shareholders that hold their shares on NGX may elect to receive their entire dividend payment in Nigerian naira or U.S. dollars.

• Partial elections are not permissible.

• Holders electing to receive a dividend in U.S. dollars should complete the Currency Election Form and return this to Coronation Registrars Limited or email to eforms@coronationregistrars.com

• Shareholders holding their shares on NGX who do not indicate their currency of choice before 26 November 2021 will receive their dividends in Nigerian naira.

• The closing date for the dividend currency election to the Company’s Registrars Coronation Registrars Limited in Nigeria is 26 November 2021.

• Currency election forms can found on the website of the Company’s Registrar at www.coronationregistrars.com or by using this direct link: https://coronationregistrars.com/currency-election-form/

The following currency exchange rate will be applicable in the determination of the interim dividend payment to any shareholders that qualify for and have elected to receive the interim dividend payment:

Exchange Rate

1 U.S. dollar = 414.55 Nigerian naira
1 U.S. dollar = 0.7373 GB pounds

The exchange rate for the Nigerian naira or GB pounds amounts payable was determined by
reference to the exchange rates applicable to the U.S. dollar available on 8 November 2021.

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Dividends

Dividends/Bonuses Proposed in the Week Ended October 29, 2021

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Dividend - Investors King

Some of the listed companies that reported their financial positions last week also proposed dividend or bonus payments to shareholders. Below are the companies that proposed dividends and bonuses in the week ended October 29, 2021.

LAFARGE AFRICA PLC

Proposed Dividend: ₦1.00
Proposed Bonus: null FOR null
Qualification Date: 11/10/2021
Payment Date: 11/19/2021
Closure of Register Date: 11/11/2021

NESTLE NIGERIA PLC

Proposed Dividend: ₦25.00
Proposed Bonus: null FOR null
Qualification Date: 11/19/2021
Payment Date: 12/6/2021
Closure of Register Date: 11/22/2021

AIICO INSURANCE PLC.

Proposed Dividend: ₦0.00
Proposed Bonus: 4 FOR 3
Qualification Date: 11/23/2021
AGM Date: 11/30/2021
Payment Date: 12/1/2021
Closure of Register Date: 11/24/2021

NIGERIAN BREWERIES PLC

Proposed Dividend: ₦0.40
Proposed Bonus: null FOR null
Qualification Date: 11/19/2021
Payment Date: 12/3/2021
Closure of Register Date: 11/22/2021

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