TIDMSEPL

RNS Number : 6090Q

Seplat Petroleum Development Co PLC

01 March 2021

Corporate Actions Announcement

Lagos and London, 1(st) March 2021: Seplat Petroleum Development Company Plc ("Seplat" or the "Company"), a leading indigenous Nigerian energy company with a strategic focus on Nigeria, listed on both the Nigerian Stock Exchange and London Stock Exchange, today announces a final dividend at a rate of US$0.05 (United States Five Cents) per Ordinary Share subject to shareholders' approval at the 2021 Annual General Meeting; payable to Seplat's shareholders whose names appear in the Register of Members as at the close of business on 4(th) May 2021.

 
 Period Ended           31(st) December 2020 
 Dividend               1(st) March 2021 
 Announcement 
 Date 
                       ----------------------------------------------------------------------------------------------- 
 Dividend               A Final Dividend of US$0.05 (United States Five 
                         Cents) per Ordinary Share of N0.50k each, (subject 
                         to appropriate withholding tax and shareholders' 
                         approval) will be paid to shareholders whose names 
                         appear in the Register of Members as at the close 
                         of business on 4(th) May 2021. 
                       ----------------------------------------------------------------------------------------------- 
 Closure of Register    To enable Seplat's Registrar, Datamax Registrars 
                         Limited, prepare for the payment of the final 
                         dividend, the Register of Shareholders will be 
                         closed on 5(th) May 2021. 
                       ----------------------------------------------------------------------------------------------- 
 Qualification          Close of Business on 4(th) May 2021. 
  Date                   Note that on the London Stock Exchange: The Associated 
                         Record Date will be 4(th) May 2021 and the Ex-Dividend 
                         date will be 3(rd) May 2021. 
                       ----------------------------------------------------------------------------------------------- 
 Dividend Currency      The default currency and options on currency election 
                         for the dividend will depend as follows: 
                          *    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; 
 
 
                          *    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 Options   Shareholders who have a dividend currency option, 
                         must make the election to the Company's Registrars 
                         by 18(th) May 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/investor-centre/corporate-governance/dividends 
                         . Those shareholders holding their shares on the 
                         Nigerian Stock Exchange who hold a valid CCI should 
                         notify Seplat's Nigerian Registrars, DataMax Registrars 
                         Limited ("DataMax"), of that fact. 
                       ----------------------------------------------------------------------------------------------- 
 Determination          The exchange rate for the Naira or Pounds Sterling 
  of Exchange            amounts payable will be determined by reference 
  Rate                   to the relevant exchange rates applicable to the 
                         US dollar on 3(rd) May 2021 and will be communicated 
                         by the Company on 4(th) May 2021. 
                       ----------------------------------------------------------------------------------------------- 
 Payment Date           On or around 28(th) May 2021, the final dividend 
                         will be paid electronically to shareholders whose 
                         names appear on the Register of Members as at 
                         4(th) May 2021, and who have completed the e-dividend 
                         registration and mandated the Registrar to pay 
                         their final dividend directly into their Bank 
                         accounts. 
                       ----------------------------------------------------------------------------------------------- 
 E-Dividend             Shareholders who are yet to complete the e-dividend 
 Registration            registration are advised to download the Registrar's 
                         E-Dividend Mandate Activation Form , which is 
                         also available on: http://www.datamaxregistrars.com/images/forms/seplate_e-mandate%20form.pdf 
                         , complete and submit to the Registrar or their 
                         respective Banks. Holders of shares through depositary 
                         interests on the LSE should please provide their 
                         account details to the Company's UK depositary, 
                         Computershare. 
                          DataMax Registrars Limited             Computershare 
                          2c Gbagada Expressway                  The Pavillions 
                          By Beko Ransom Kuti Park               Bridgewater Road 
                          Gbagada, Lagos                         Bristol 
                          Nigeria                                BS13 8AE, United Kingdom 
                          Fax: + 234 1 712 0012                  Fax: +44 (0)370 703 6101 
                          Web: www.datamaxregistrars.com         Web: www.computershare.com 
                          Email: datamax@datamaxregistrars.com   Telephone: +44 (0)370 702 
                                                                  0003 
                       ----------------------------------------------------------------------------------------------- 
 Unclaimed Dividend     Shareholders with dividend warrants and share 
  Warrants and Share     certificates that have remained unclaimed or are 
  Certificates           yet to be presented for payment or returned for 
                         validation are advised to complete the e-dividend 
                         registration or contact the Registrar. 
                       ----------------------------------------------------------------------------------------------- 
 Date of AGM            The Company's Annual General Meeting will be held 
                         in Lagos on Thursday, 20(th) May 2021 at 11.00am. 
                       ----------------------------------------------------------------------------------------------- 
 Enquiries              Enquiries on opening of account and payment of 
                         dividend should be directed to the appropriate 
                         Registrar. 
                         For all other enquiries, kindly contact:Seplat Petroleum Development Company Plc 
                         Emeka Onwuka, CFO                                    +44 203 725 6500 
                         Carl Franklin / Ayeesha Aliyu - Investor Relations 
                         Phone: +44 (0) 203 725 6500 / +234 (0) 1 277 0400 
                          Email: ir@seplatpetroleum.com                       +234 12 770 400 
                                                                              ================ 
                         FTI Consulting 
                          Ben Brewerton / Sara Powell 
                          Phone: +44 (0) 203 727 1000 
                          Email: seplat@fticonsulting.com 
                       ----------------------------------------------------------------------------------------------- 
 Summary of Key Dates 
 1 March 2021           Dividend announcement date 
                       ----------------------------------------------------------------------------------------------- 
 3 May 2021             London Stock Exchange: Ex-Dividend Date 
                         Date for determining foreign exchange rate 
                       ----------------------------------------------------------------------------------------------- 
 4 May 2021             Nigerian Stock Exchange: Qualification date 
                         London Stock Exchange: Associated Record Date 
                         Foreign exchange rates will be communicated to 
                         shareholders 
                       ----------------------------------------------------------------------------------------------- 
 5 May 2021             Nigerian Stock Exchange: Register Close Date 
                       ----------------------------------------------------------------------------------------------- 
 18 May 2021            Closing date for election to the Company's Registrars 
                         of foreign exchange rates 
                       ----------------------------------------------------------------------------------------------- 
 20 May 2021            Annual General Meeting 
                       ----------------------------------------------------------------------------------------------- 
 28 May 2021            Dividend Payment Date 
                       ----------------------------------------------------------------------------------------------- 
 

Dated this 1(st) day of March 2021

Signed:

 
 
 

Mr. Emeka Onwuka

Chief Financial Officer

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March 01, 2021 02:00 ET (07:00 GMT)

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