Seplat Petroleum Development Co PLC Q3 2020 Interim Dividend Currency Exchange Rates (2719F)
13 November 2020 - 9:46PM
UK Regulatory
TIDMSEPL
RNS Number : 2719F
Seplat Petroleum Development Co PLC
13 November 2020
ANNOUNCEMENT OF Q3 2020 INTERIM DIVIDEND CURRENCY EXCHANGE
RATES
Lagos and London, 13(th) November 2020: Seplat Petroleum
Development Company Plc ("Seplat" or the "Company"), a leading
Nigerian independent energy company listed on both the Nigerian
Stock Exchange and London Stock Exchange, today confirms that the
following currency exchange rates will be applicable in
determination of the Q3 2020 interim dividend payment to
shareholders that qualify for and have elected to receive the Q3
2020 interim dividend payment in Naira or GBP:
Exchange Rate
1 USD = 385.78 Naira
1 USD = 0.7595 GBP
The exchange rate for the Naira or Pounds Sterling amounts
payable was determined by reference to the exchange rates
applicable to the US dollar available on 12(th) November 2020. The
Naira rate used is the FMDQ benchmark rate for foreign exchange
spot operations in the Investors and Exporters FX Window
(NAFEX).
The closing date for Dividend currency election to the Company's
Registrars is 28(th) November 2020. 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 30(th)
October 2020 for definition of default currencies and dividend
currency election forms can be found on the Company website at
https://seplatpetroleum.com/investors/dividend .
Dated 13(th) November 2020
Signed:
Mr. Emeka Onwuka
(Chief Financial Officer)
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END
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