Seplat Energy Announces Exchange Rates for Q1 2022 Interim Dividend

Seplat Energy Plc, Nigeria’s leading indigenous oil company listed on London Stock Exchange and Nigerian Exchange Limited, has announced applicable currency exchange rates for its first quarter (Q1) 2022 interim dividend.

The company’s shareholder that qualifies for and has elected to receive the dividend payment in Naira or Pounds Sterling (GBP) will be paid using the following Exchange Rate:

Exchange Rate
1 USD = 418.77 NGN
1 USD = 0.7920 GBP

According to the company, 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 27th May 2022.

The closing date for dividend currency election to the Company’s Registrars is 15th June 2022. 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 April 2022 for definition of default currency and dividend currency election forms can be found on the company website at https://seplatenergy.com/investors/dividend.