SEPLAT Petroleum Development Co PLC Corporate Actions Announcement (7276F)

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 
                -------------------------------------------------------------------------------------------------------------- 
   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. 
                -------------------------------------------------------------------------------------------------------------- 
 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. 
                -------------------------------------------------------------------------------------------------------------- 
 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: [phone] 
                                                                    6101 
                   Web: www.datamaxregistrars.com                  Web: www.computershare.com 
                   Email:[e-mail]   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: [phone] / 
                   [phone] 
                   Email: [e-mail] 
                  FTI Consulting 
                   Ben Brewerton / Sara Powell 
                   Phone: [phone] 
                   Email:[e-mail] 
                -------------------------------------------------------------------------------------------------------------- 
 
 
 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. 
                  ------------------------------------------------------------- 
 06 December       Dividend Payment Date 
  2018 
                  ------------------------------------------------------------- 
 

Dated this 30(th) day of October 2018

Signed:

Mr Roger Brown

(Chief Financial Officer)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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October 30, 2018 07:58 ET (11:58 GMT)