Seplat Energy Plc (NGX: SEPLAT) has announced an interim dividend of US3 cents (United States Three Cents) per ordinary share of N0.50k each, for the third quarter period ended 30 September, 2023.
The interim dividend which is subject to appropriate withholding tax.
Also read; List of Dividends announced in 2023, qualification and payment dates
The dividend will be paid in Naira and US Dollars only. The exchange rate for the Naira amounts payable will be determined by reference to the relevant exchange rates applicable to the US dollar on 9th November 2023 and will be communicated by the Company on 10th November 2023.
The default currency 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.
The qualification date for the interim dividend has been set as the close of business on 10th November, 2023 on the Nigerian Exchange Limited.
On the London Stock Exchange, the Associated Record Date will be 10th November 2023 and the Ex-Dividend date will be 9th November 2023.
On or around 24th November, 2023, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as of 10th November, 2023, and who have completed the e-dividend registration and mandated the Registrar to pay their interim dividend directly into their Bank accounts.
Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, complete and submit to the Registrar or their respective Banks. Holders of shares through depositary interests on the London Stock Exchange are to provide their account details to the Company’s UK depositary, Computershare.
Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Registrar.
Seplat reported a profit of N33.85bn for the 9 months ended 30 September, 2023. The reported profit was an improvement on the N1.58bn loss posted for the same period in 2022.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
