Vivo Energy PLC Dividend Declaration - Replacement (0752R)

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RNS Number : 0752R

Vivo Energy PLC

03 March 2021

3 March 2021

Vivo Energy plc

LSE:VVO / JSE:VVO

Correction: Dividend Declaration

The following changes have been made to the 'Dividend Declaration' announcement released on 3 March 2021 at 07:05 under RNS number 9366Q;-

The amount of dividend per share was stated at one decimal place 3.8 US cents per share. This has now been corrected to five decimal places and showing as 3.78865 US cents per share .

The timetable has been updated to include the Last date to trade 25 May 2021. This date was already within the body of the announcement.

The amount of the South African shareholders gross dividend has been updated from R0.56666 to 56.66630 ZA cents per share. The net dividend has been updated from R.045333 to 45.33304 ZA cents per share.

All other details remain the same. The full-amended text is shown below.

The announcement on the JSE released 3 March 2021 at 07:54 under SENS number S443153 is unchanged.

Dividend Declaration

As set out in the Vivo Energy plc 2020 Full Results announcement released earlier today, the Company is pleased to declare a final dividend in respect of the financial period ended 31 December 2020 of 3.78865 US cents per share, payable on 25 June 2021 to ordinary shareholders on the register as at 28 May 2021. The final dividend will be paid from distributable reserves.

The default payment for dividends is in US dollars. However, shareholders who hold their shares through the London Stock Exchange can elect to have dividends paid in pounds sterling (GBP) by completing a Dividend Currency Election Form (the 'Form'). A copy of the Form can be found on the Company's website at http://investors.vivoenergy.com/shareholder-information/dividend-information . The option to elect a pound sterling dividend payment for this dividend will be available to shareholders until 28 May 2021, by which date the Form needs to be returned duly completed to Link Asset Services, Shareholder Solutions, 34 Beckenham Road, Beckenham, Kent, BR3 4TU. All enquiries regarding the Form should be sent to the same address or by telephone Link Asset Services on: 0871 664 0300 (and if outside the United Kingdom (UK) on: [phone]). Calls cost 12p per minute plus your phone company's access charge. Calls outside the UK will be charged at the applicable international rate. Lines are open Monday-Friday 9:00-17.30 (BST).

CREST shareholders must elect via CREST.

The pounds sterling equivalent dividend payment will be announced on or around 11 June 2021.

Shareholders who hold shares through the Johannesburg Stock Exchange will receive their dividend in South African rand. For shareholders on our South African share register a dividend of 56.66630 ZA cents per share will be paid on 25 June 2021, using an exchange rate of 14.95686 US$/ZAR.

A timetable of events in relation to the dividend is set out below:

 
 Currency conversion date (US$/ZAR)            Tuesday, 2 March 2021 
 Dividend declared                                Wednesday, 3 March 
                                                                2021 
                                              ---------------------- 
 AGM to approve dividend                        Tuesday, 18 May 2021 
                                              ---------------------- 
 Last date to trade                             Tuesday, 25 May 2021 
                                              ---------------------- 
 Ex-dividend date (South Africa)                   Wednesday, 26 May 
                                                                2021 
                                              ---------------------- 
 Ex-dividend date (UK)                         Thursday, 27 May 2021 
                                              ---------------------- 
 Record date (both UK and South Africa)          Friday, 28 May 2021 
                                              ---------------------- 
 Last date for receipt of Dividend Currency      Friday, 28 May 2021 
  Election Form to elect to receive dividend 
  in pound sterling (UK shareholders only) 
                                              ---------------------- 
 Currency conversion date (US$/GBP)             Friday, 11 June 2021 
                                              ---------------------- 
 Dividend payment date (UK and South Africa)    Friday, 25 June 2021 
                                              ---------------------- 
 

South African shareholders should note that, in accordance with the requirements of Strate, the last day to trade cum-dividend will be Tuesday, 25 May 2021 and that no dematerialisation or rematerialisation of shares will be possible from Wednesday, 26 May 2021 to Friday, 28 May 2021 inclusive. No transfers between the UK and South African registers may take place between Wednesday, 3 March 2021 and Friday, 28 May 2021 both dates inclusive. For those shareholders subject to South African Dividend Tax, this will be withheld at the rate of 20% from the amount of the gross dividend of 56.66630 ZA cents per share paid to South African shareholders, unless a shareholder qualifies for exemption. After the Dividend Tax has been withheld, the net dividend will be 45.33304 ZA cents per share.

If you are uncertain as to the tax treatment of any dividends you should consult with your own tax advisor.

The Company had a total of 1,266,941,899 ordinary shares in issue at today's date.

Ends

Notes to editors:

 
 Media contacts:                       Investor contact: 
  Vivo Energy plc                       Vivo Energy plc 
  Rob Foyle, Head of Communications     Giles Blackham, Head of Investor 
  [phone]                      Relations 
  [e-mail]              [phone] 
                                        [e-mail] 
  Tulchan Communications 
  Martin Robinson / Suniti Chauhan 
  [phone] 
  [e-mail] 
 
 

About Vivo Energy:

Vivo Energy operates and markets its products in countries across North, West, East and Southern Africa. The Group has a network of over 2,300 service stations in 23 countries operating under the Shell and Engen brands and exports lubricants to a number of other African countries. Its retail offering includes fuels, lubricants, card services, shops, restaurants and other non-fuel services. It provides fuels, lubricants and liquefied petroleum gas (LPG) to business customers across a range of sectors including marine, mining, construction, power, transport, wholesalers and manufacturing. The Company employs around 2,700 people and has access to over 1,000,000 cubic metres of fuel storage capacity and has a joint venture, Shell and Vivo Lubricants B.V., that sources, blends, packages and supplies Shell-branded lubricants.

Vivo Energy plc has a primary listing on the London Stock Exchange, and is a member of the FTSE 250 index, with a secondary inward listing on the Johannesburg Stock Exchange.

For more information about Vivo Energy please visit www.vivoenergy.com

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March 03, 2021 10:30 ET (15:30 GMT)