SEPLAT Petroleum Development Co PLC Corporate Actions Announcement (7276F)
30 October 2018 - 10:58PM
UK Regulatory
TIDMSEPL
RNS Number : 7276F
SEPLAT Petroleum Development Co PLC
30 October 2018
SEPLAT Petroleum Development Company PLC
("SEPLAT" or the "Company")
Corporate Actions Announcement
Lagos and London, 30 October 2018: 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 an interim
dividend at a rate of US$0.05 (United States Five Cents) per
Ordinary Share will be paid to Seplat's shareholders whose names
appear in the Register of Members as at the close of business on 13
November 2018.
Period Ended 30(th) September 2018
Dividend 30(th) October 2018
Announcement
date
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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 13(th) November
2018.
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Closure of To enable Seplat's Registrar, Datamax Registrars
Register Limited, prepare for the payment of the interim
dividend, the Register of Shareholders will
be closed on the 14(th) November 2018.
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Qualification Close of Business on 13(th) November 2018.
Date Note that on the London Stock Exchange: the
Associated Record Date will be the 13(th) November
and the Ex-Dividend date will be the 12(th)
November 2018.
--------------------------------------------------------------------------------------------------------------
Dividend The default currency and options on currency
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 Shareholders who have a dividend currency option,
options must make the election to the Company's registrars
by 28(th) 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 The exchange rate for the Naira or Pounds Sterling
of exchange amounts payable will be determined by reference
rate to the relevant exchange rates applicable to
the US dollar on 13(th) November 2018 and will
be communicated by the Company on 14(th) November
2018.
--------------------------------------------------------------------------------------------------------------
Payment Date On or around 6(th) December 2018, dividends
will be paid electronically to shareholders
whose names appear on the Register of Members
as at 13(th) 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 Shareholders who are yet to complete the e-dividend
Registration 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:misan.kofi-senaya@datamaxregistrars.com Telephone: +44 (0)370
702 0003
--------------------------------------------------------------------------------------------------------------
Unclaimed Shareholders with dividend warrants and share
Dividend certificates that have remained unclaimed,
Warrants and or are yet to be presented for payment or returned
Share for validation are advised to complete the
Certificates 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: ir@seplatpetroleum.com
FTI Consulting
Ben Brewerton / Sara Powell
Phone: +44 (0) 203 727 1000
Email:seplat@fticonsulting.com
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Summary of Key Dates
30 October 2018 Dividend announcement date.
-------------------------------------------------------------
12 November London Stock Exchange : Ex Dividend Date
2018
-------------------------------------------------------------
13 November Nigeria Stock Exchange : Ex Dividend Date
2018 London Stock Exchange : Associated Record Date
Date for determining Foreign Exchange
-------------------------------------------------------------
14 November Nigeria Stock Exchange : Register Close Date
2018 Foreign exchange rates will be communicated to shareholders
-------------------------------------------------------------
28 November Closing date for election to the Company's registrars
2018 of foreign exchange rates.
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06 December Dividend Payment Date
2018
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Dated this 30(th) day of October 2018
Signed:
Mr Roger Brown
(Chief Financial Officer)
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END
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