Seplat Declares US$2.5 cents Interim Dividend in Q3 2021

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.