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Vivo Energy PLC   -  VVO   

Dividend Declaration

Released 07:05 06-Mar-2019

RNS Number : 9525R
Vivo Energy PLC
06 March 2019
 

 

 

6 March 2019

Vivo Energy plc

LSE:VVO / JSE:VVO

 

Dividend Declaration

                                                                                                               

As set out in the Vivo Energy plc 2018 Full Results announcement released earlier today, the Company is pleased to declare a final dividend in respect of the financial period ended 31 December 2018 of US$0.01252 per share, payable on 10 June 2019 to ordinary shareholders on the register as at 17 May 2019.

 

The default payment for dividends is in US dollars. However, shareholders who hold their shares through the London Stock Exchange can elect to have dividends paid in pounds sterling (GBP) by completing a Dividend Currency Election Form (the 'Form'). A copy of the Form can be found on the Company's website at http://investors.vivoenergy.com/shareholder-information/dividend-information. The option to elect a pound sterling dividend payment for this dividend will be available to shareholders until 17 May 2019, by which date the Form needs to be returned duly completed to Link Asset Services, Shareholder Solutions, 34 Beckenham Road, Beckenham, Kent, BR3 4TU. All enquiries regarding the Form should be sent to the same address or Telephone Link Asset Services on: 0871 664 0300 (and if outside the United Kingdom (UK) on: +44 371 664 0300). Calls cost 12p per minute plus your phone company's access charge. Calls outside the UK will be charged at the applicable international rate. Lines are open Monday-Friday 9:00-17.30 (BST).

 

 CREST shareholders must elect via CREST.

 

The pounds sterling equivalent dividend payment will be announced on or around 27 May 2019.

 

Shareholders who hold shares through the Johannesburg Stock Exchange will receive their dividend in South African rand. For shareholders on our South African share register a dividend of R0.17744 per share will be paid on 10 June 2019, using an exchange rate of 14.1725 US$/ZAR. 

 

A timetable of events in relation to the dividend is set out below:

 

Currency conversion date (US$/ZAR)

Tuesday, 05 March 2019

Dividend declared

Wednesday, 06 March 2019

AGM to approve dividend

Tuesday, 07 May 2019

Ex-dividend date (South Africa)

Wednesday, 15 May 2019

Ex-dividend date (UK)

Thursday, 16 May 2019

Record date (both UK and South Africa)

Friday, 17 May 2019

Last date for receipt of Dividend Currency Election Form to  elect to receive dividend in pound sterling (UK shareholders only)

Friday, 17 May 2019

Currency conversion date (US$/GBP)

Friday, 24 May 2019

Dividend payment date (UK and South Africa)

Monday, 10 June 2019

 

 

South African shareholders should note that, in accordance with the requirements of Strate, the last day to trade cum-dividend will be Tuesday, 14 May 2019 and that no dematerialisation or rematerialisation of shares will be possible from 15 to 17 May 2019 inclusive. No transfers between the UK and South African registers may take place from 6 March 2019 to 17 May 2019 both dates inclusive. For those shareholders subject to South African Dividend Tax, this will be withheld at the rate of 20% from the amount of the gross dividend of R0.17744 per share paid to South African shareholders, unless a shareholder qualifies for exemption. After the Dividend Tax has been withheld, the net dividend will be R0.14195 per share.

 

If you are uncertain as to the tax treatment of any dividends you should consult with your own tax advisor.

 

The Company had a total of 1,265,002,519 ordinary shares in issue at today's date.

 

 

Ends

 

 

Notes to editors:

 

Media contacts:

Vivo Energy plc

Rob Foyle, Head of Communications

+44 7715 036 407

rob.foyle@vivoenergy.com

 

Tulchan Communications

Martin Robinson

+44 20 7353 4200

vivoenergy@tulchangroup.com 

 

 

Investor contact:

Vivo Energy plc

Giles Blackham, Head of Investor Relations

+44 1234 904 306 

giles.blackham@vivoenergy.com

 

 

 

 

About Vivo Energy:

 

Vivo Energy operates and markets its products in countries across North, West, East and Southern Africa. The Group has a network of 2,130 service stations in 23 countries operating under the Shell and Engen brands and exports lubricants to a number of other African countries. Its retail offering includes fuels, lubricants, card services, shops, restaurants and other non-fuel services (e.g. oil change and car wash). It provides fuels, lubricants and liquefied petroleum gas (LPG) to business customers across a range of sectors including marine, mining, construction, power, transport and manufacturing. Jet fuel is sold to customers under the Vitol Aviation brand.

 

The Company employs around 2,700 people and has access to 1,081,000 cubic metres of fuel storage capacity. The Group's joint venture, Shell and Vivo Lubricants B.V., sources, blends, packages and supplies Shell-branded lubricants and has blending capacity per annum of around 158,000 metric tonnes at plants in six countries (Ghana, Guinea, Côte d'Ivoire, Kenya, Morocco and Tunisia).

 

For more information about Vivo Energy please visit www.vivoenergy.com

 


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Dividend Declaration - RNS