Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and London Stock Exchange, has announced a quarterly dividend at a rate of US2.5 cents (United States Two and Half Cents) per Ordinary Share.
The dividend is subject to appropriate withholding tax (WHT) and to be paid to Seplat Energy’s shareholders whose names appear in the Register of Members as at the close of business on 12th August 2021.
The default currency and options on currency election 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. 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 who have a dividend currency option, must make the election to the Company’s Registrars by 27th August 2021, otherwise the dividend will be paid in the default currency.