Period Ended |
30th September 2018 |
Dividend Announcement date |
30th October 2018 |
Dividend |
An Interim Dividend of US$0.05 (United States Five Cents) per Ordinary Share of N0.50k each, (subject to appropriate withholding tax and approval) will be paid to shareholders whose names appear in the Register of Members as at the close of business on 13th November 2018. |
Closure of Register |
To enable Seplat's Registrar, Datamax Registrars Limited, prepare for the payment of the interim dividend, the Register of Shareholders will be closed on the 14th November 2018. |
Qualification Date |
Close of Business on 13th November 2018. Note that on the London Stock Exchange: the Associated Record Date will be the 13th November and the Ex-Dividend date will be the 12th November 2018. |
Dividend currency |
The default currency and options on currency election for the dividend will depend as follows:
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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; |
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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 |
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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. |
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Shareholders options |
Shareholders who have a dividend currency option, must make the election to the Company's registrars by 28th November 2018, 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 of exchange rate |
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 13th November 2018 and will be communicated by the Company on 14th November 2018. |
Payment Date |
On or around 6th December 2018, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 13th November 2018, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts. |
E-Dividend Registration |
Shareholders who are yet to complete the 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 London Stock Exchange should please provide their account details to the Company's UK depositary, Computershare.
DataMax Registrars Limited |
Computershare |
2c Gbagada Expressway |
The Pavillions |
Gbagada Phase 1 |
Bridgewater Road |
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:[email protected] |
Telephone: +44 (0)370 702 0003 |
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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 Petroleum Development Company Plc |
Roger Brown, CFO |
Andrew Dymond / Ayeesha Aliyu - Investor Relations |
Phone: +44 (0) 203 725 6500 / +234 (0) 1 277 0400 Email: [email protected] |
FTI Consulting Ben Brewerton / Sara Powell Phone: +44 (0) 203 727 1000 Email:[email protected] |
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