Seplat Energy PLC, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and London Stock Exchange, has confirmed the currency exchange rates which will be applicable in determining the Q3 2022 interim dividend to shareholders.
Shareholder must qualify for and elect to receive the dividend payment in Naira or Sterling (GBP): Exchange Rate for Seplat is 1 USD = 443.80 NGN and 1 USD = 0.8732 GBP.
The exchange rate for the Naira or Pound Sterling amounts payable was determined by reference to the exchange rates applicable to the US dollar available on November 9, 2022.
The closing date for dividend currency election to the Company’s Registrars is November 24, 2022. In the absence of a qualifying dividend currency election by shareholders to the appropriate Registrar, dividends will be paid in their default currency.
Shareholders should refer to the Company’s announcement on October 27, 2022 for definition of default currency and dividend currency election forms can be found on the company website at https://seplatenergy.com/investors/dividend.
Airtel
Airtel Africa has also confirmed the default currency and options on currency election for the proposed interim dividend (recommended by the Board to be 2.18 cents per ordinary share payable on 9 December 2022 to shareholders on the register at of close of business on 11 November 2022).
The following currency exchange rate will be applicable:
Exchange Rate 1 USD = 446.1 Nigerian naira 1 USD = 0.8652 GB pounds. The exchange rate for the Nigerian naira or GB pounds’ amounts payable was determined by reference to the exchange rates applicable to the U.S. dollar available on 8 November 2022.
The currency exchange rates that will be applicable in determination of the final dividend payment to any shareholders that qualify for and have elected to receive the final dividend payment in U.S. dollars, GB pounds or Nigerian naira will be as follows:
Arrangements for Shareholders that hold their shares on the London Stock Exchange (LSE):
- Shareholders that hold their shares on the London Stock Exchange may elect to receive their entire dividend payment in GB pounds or U.S. dollars.
- Partial elections are not permissible.
- Holders electing to receive a dividend should specify a choice of currency by completing the Currency Election Form and return to Computershare Investor Services plc.
- Shareholders holding their shares on the LSE who do not indicate their currency of choice before 28 November 2022 will receive their dividends in U.S. dollars.
- The closing date for the dividend currency election to the Company’s Registrars Computershare Investor Services plc in the UK is 28 November 2022.
- Currency election forms can be obtained by contacting the Company’s Registrars, Computershare Investor Services plc, on the Company’s dedicated telephone line: +44 (0)370 7030027.
- Shareholders that hold their shares on the Nigerian Stock Exchange may elect to receive their entire dividend payment in Nigerian naira or U.S. dollars.
- Partial elections are not permissible.
- Holders electing to receive a dividend in U.S. dollars should complete the Currency Election Form and return to Coronation Registrars Limited or email to eforms@coronationregistrars.com
- Shareholders holding their shares on the NSE who do not indicate their currency of choice before 28 November 2022 will receive their dividends in Nigerian naira.
- The closing date for the dividend currency election to the Company’s Registrars Coronation Registrars Limited in Nigeria is 28 November 2022.
- Currency election forms can found on the website of the Company’s Registrar www.coronationregistrars.com or this direct link: https://coronationregistrars.com/currency-electionform/