Seplat Energy PLC Corporate Actions Announcement
February 29 2024 - 2:00AM
RNS Regulatory News
RNS Number : 9347E
Seplat Energy PLC
29 February 2024
CORPORATE ACTIONS
ANNOUNCEMENT
Lagos and London, February 29, 2024: Seplat Energy Plc ("Seplat Energy" or the "Company"), a
leading Nigerian independent energy company listed on both the
Nigerian Exchange Limited and London Stock Exchange, today
announces a final dividend at a rate of US$0.03/share (3
cents/share) and a special dividend at a rate of US$0.03/share (3
cents/share) subject to appropriate Withholding Tax and
Shareholders' approval at the 2024 Annual General Meeting; payable
to shareholders of Seplat Energy whose names appear in the Register
of Members as at the close of business on April 26,
2024.
Period Ended
|
December 31, 2023
|
Dividend Announcement
Date
|
February 29, 2024
|
Dividend
|
A Final Dividend of US$0.03/share (3 cents per Ordinary Share of
N0.50k) each, and a Special Dividend of US$0.03/share (3 cents per Ordinary Share of N0.50k)
each, (both dividends are subject
to the 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 April 26,
2024.
|
Closure of Register
|
To enable Seplat's Registrar,
Datamax Registrars Limited ("DataMax"),
prepare for the payment of the dividends, the Register of
Shareholders will be closed on April 29,
2024.
|
Qualification Date
|
Close of Business on April 26,
2024.
Note that on the London Stock
Exchange: The Associated Record Date will be April 26, 2024,
and the Ex-Dividend date will be April 25,
2024.
|
Dividend Currency
|
The
dividend will be paid in Naira and US Dollars
only. The default currency for the
dividend will depend as follows:
• Shareholders
holding their shares on the Nigerian Exchange Limited 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 Exchange Limited with a valid CCI will be paid their
dividend in US dollars as the default currency. Evidence of
the CCI must be provided to Datamax. However, those shareholders
may instead elect to receive their entire dividend payment in Naira
(partial elections are not permissible); 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.
|
Shareholders Options
|
The dividend will be paid in US
Dollars and Naira only. The shareholders holding their shares on
the Nigerian Exchange Limited who hold a valid CCI should notify
DataMax of that fact. Those who hold a valid CCI but wish to
receive their dividends in Naira, should also inform Datamax and
complete an e-mandate Form. The e-mandate
form can be downloaded from the website of DataMax at
https://www.datamaxregistrars.com
|
Determination of Exchange
Rate
|
The exchange rate for the Naira
amount payable will be determined by reference to the relevant
exchange rates applicable to the US dollar on April 25, 2024, and will be
communicated by the Company on April 26, 2024.
|
Payment Date
|
On or around May 29,
2024, the dividends will be
paid electronically to shareholders whose names appear on the
Register of Members as of April 26, 2024,
and who have completed the e-dividend registration and mandated the
Registrar to pay their dividend directly into their Bank
accounts.
|
E-Dividend Registration
|
Shareholders who are yet to complete
the e-dividend registration are advised to download the e-mandate
form from the website of DataMax at https://www.datamaxregistrars.com,
complete and submit to Datamax 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
Warrants and Share
Certificates
|
Shareholders with dividend warrants
and share certificates that have remained unclaimed or are yet to
be presented for payment or returned for validation are advised to
complete 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 Energy
Plc
|
Emeka Onwuka,
CFO
|
James Thompson /
Ayeesha Aliyu - Investor Relations
|
Phone: +44 (0) 203 725 6500 / +234 (0) 1 277
0400
Email: ir@seplatenergy.com
|
FTI
Consulting
Ben Brewerton /
Chris Laing
Phone: +44 (0) 203 727 1000
Email:seplatenergy@fticonsulting.com
|
|
Summary of Key Dates
|
|
February 29, 2024
|
Dividend announcement
date
|
April 25, 2024
|
London Stock Exchange: Ex-Dividend
Date
Date for determining foreign
exchange rate
|
April 26, 2024
|
Nigerian Exchange Limited:
Qualification date
London Stock Exchange: Associated
Record Date
Foreign exchange rates will be
communicated to shareholders
|
April 29, 2024
|
Nigerian Exchange Limited: Register
Close Date
|
May 16, 2024
|
Annual General Meeting
|
May 29, 2024
|
Dividend Payment Date
|
Dated this 29th day of February
2024
Signed:
Mr.
Emeka Onwuka
Chief Financial Officer
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END
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