TIDMSEPL

RNS Number : 0444X

Seplat Petroleum Development Co PLC

29 April 2021

Corporate Actions Announcement

Lagos and London, 29(th) April 2021: Seplat Petroleum Development Company Plc ("Seplat" or the "Company"), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and London Stock Exchange, today announces a quarterly dividend at a rate of US 2.5 cents (United States Two and Half Cents) per Ordinary Share (subject to appropriate WHT) to be paid to SEPLAT's shareholders whose names appear in the Register of Members as at the close of business on 12(th) May 2021.

 
 Period Ended      31(st) March 2021 
 Dividend          29(th) April 2021 
 Announcement 
 Date 
                  ---------------------------------------------------------------------------------------------------- 
    Dividend       An Interim Dividend of US 2.5 cents per Ordinary 
                    Share of N0.50k each, (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 12(th) May 
                    2021. 
                  ---------------------------------------------------------------------------------------------------- 
 Closure of        To enable SEPLAT's Registrar, Datamax Registrars 
 Register           Limited, prepare for the payment of the interim 
                    dividend, the Register of Shareholders will 
                    be closed on 13(th) May 2021. 
                  ---------------------------------------------------------------------------------------------------- 
 Qualification     Close of Business on 12(th) May 2021. 
 Date               Note that on the London Stock Exchange: The 
                    Associated Record Date will be 12(th) May 
                    2021 and the Ex-Dividend date will be 11(th) 
                    May 2021. 
                  ---------------------------------------------------------------------------------------------------- 
 Dividend          The default currency and options on currency 
 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      Shareholders who have a dividend currency 
 Options            option, must make the election to the Company's 
                    Registrars by 27(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/investors/dividend/ 
                    . 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 
 of Exchange        Sterling amounts payable will be determined 
 Rate               by reference to the relevant exchange rates 
                    applicable to the US dollar on 11(th) May 
                    2021 and will be communicated by the Company 
                    on 12(th) May 2021. 
                  ---------------------------------------------------------------------------------------------------- 
 Payment Date      On or around 6(th) June 2021, the interim 
                    dividend will be paid electronically to shareholders 
                    whose names appear on the Register of Members 
                    as at 12(th) May 2021, and who have completed 
                    the e-dividend registration and mandated 
                    the Registrar to pay their interim dividend 
                    directly into their Bank accounts. 
                  ---------------------------------------------------------------------------------------------------- 
 E-Dividend        Shareholders who are yet to complete the 
 Registration       e-dividend 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         Shareholders with dividend warrants and share 
 Dividend           certificates that have remained unclaimed 
 Warrants and       or are yet to be presented for payment or 
 Share              returned for validation are advised to complete 
 Certificates       the e-dividend registration or contact the 
                    Registrar. 
                  ---------------------------------------------------------------------------------------------------- 
 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 
 29(th) April      Dividend announcement date 
 2021 
                  ---------------------------------------------------------------------------------------------------- 
 11(th) May 2021   London Stock Exchange: Ex-Dividend Date 
                    Date for determining foreign exchange rate 
                  ---------------------------------------------------------------------------------------------------- 
 12(th) May 2021   Nigerian Stock Exchange: Qualification date 
                    London Stock Exchange: Associated Record 
                    Date 
                    Foreign exchange rates will be communicated 
                    to shareholders 
                  ---------------------------------------------------------------------------------------------------- 
 13(th) May 2021   Nigerian Stock Exchange: Register Close Date 
                  ---------------------------------------------------------------------------------------------------- 
 27(th) May 2021   Closing date for election to the Company's 
                    Registrars of foreign exchange rates 
                  ---------------------------------------------------------------------------------------------------- 
 6(th) June 2021   Dividend Payment Date 
                  ---------------------------------------------------------------------------------------------------- 
 

Dated this 29(th) day of April 2021

Signed:

 
 
 

Mr. Emeka Onwuka

Chief Financial Officer

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April 29, 2021 02:02 ET (06:02 GMT)

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