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RNS

Corporate Actions Announcement

Released 07:00 06-Mar-2019

RNS Number : 9956R
SEPLAT Petroleum Development Co PLC
06 March 2019
 

Corporate Actions Announcement

 

Lagos and London, 6th March 2019:  Seplat Petroleum Development Company Plc ("Seplat" or the "Company"), a leading Nigerian independent oil and gas company 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 2019 Annual General Meeting; payable to Seplat's shareholders whose names appear in the Register of Members as at the close of business on 20th March 2019.

 

Period Ended

31st December 2018

Dividend Announcement

date

6th March 2019

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 20th March 2019.

 

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 21st March 2019.

 

Qualification Date

Close of Business on 20th March 2019. 

Note that on the London Stock Exchange: the Associated Record Date will be 20th March 2019 and the Ex-Dividend date will be 19th March 2019.

 

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 4th April 2019, 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  19th March 2019 and will be communicated by the Company on  20th March 2019.

Payment Date

On or around  23rd May 2019, the final dividend will be paid electronically to shareholders whose names appear on the Register of Members as at 20th March 2019, and who have completed the e-dividend registration and mandated the Registrar to pay their final dividend 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 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.

Date of AGM

The Company's Annual General Meeting will be held at the Civic Centre, Victoria Island, Lagos on Thursday, 16th May, 2019 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


Roger Brown, CFO

+44 203 725 6500

Andrew Dymond / 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

06 March 2019

Dividend announcement date

19 March 2019

London Stock Exchange : Ex Dividend Date

Date for determining foreign exchange rate

20 March 2019

Nigerian Stock Exchange : Qualification date

London Stock Exchange : Associated Record Date

Foreign exchange rates will be communicated to shareholders

 

21 March 2019

Nigerian Stock Exchange: Register Close Date

 

04 April 2019

Closing date for election to the Company's Registrars of foreign exchange rates

16 May 2019

Annual General Meeting

23 May 2019

Dividend Payment Date

 

 

 

Dated this 6th day of March 2019

 

Signed:

 

Mr Roger Brown

Chief Financial Officer 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Corporate Actions Announcement - RNS