Airtel Africa Plc (NGX: AIRTAFR) on Tuesday 21st June, 2022, confirmed that the default currency and options on currency election for the proposed final dividend (recommended by the Board to be 3 cents per ordinary share payable on 22 July 2022 to shareholders on the register at of close of business on 24 June 2022), and the currency exchange rates that will be applicable in determination of the final dividend payment to any shareholders that qualify for and have elected to receive the final dividend payment in U.S. dollars, GB pounds or Nigerian naira will be as follows:
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Arrangements for Shareholders that hold their shares on the London Stock Exchange (LSE):
- Shareholders that hold their shares on the London Stock Exchange may elect to receive their entire dividend payment in GB pounds or U.S. dollars.
- Partial elections are not permissible.
- Holders electing to receive a dividend should specify a choice of currency by completing the Currency Election Form and return to Computershare Investor Services plc.
- Shareholders holding their shares on the LSE who do not indicate their currency of choice before 11 July 2022 will receive their dividends in U.S. dollars.
- The closing date for the dividend currency election to the Company’s Registrars Computershare Investor Services plc in the UK is 11 July 2022.
- Currency election forms can be obtained by contacting the Company’s Registrars, Computershare Investor Services plc, on the Company’s dedicated telephone line: +44(0)370 7030027.
Arrangements for Shareholders that hold their shares on the Nigerian Stock Exchange (NSE):
- Shareholders that hold their shares on the Nigerian Stock Exchange may elect to receive their entire dividend payment in Nigerian naira or U.S. dollars.
- Partial elections are not permissible.
- Holders electing to receive a dividend in U.S. dollars should complete the Currency Election Form and return to Coronation Registrars Limited or email to eforms@coronationregistrars.com
- Shareholders holding their shares on the NSE who do not indicate their currency of choice before 11 July 2022 will receive their dividends in Nigerian naira.
- The closing date for the dividend currency election to the Company’s Registrars Coronation Registrars Limited in Nigeria is 11 July 2022.
- Currency election forms can found on the website of the Company’s Registrar www.coronationregistrars.com or this direct link: https://coronationregistrars.com/currencyelection-form/
The following currency exchange rate will be applicable in the determination of the final dividend payment to any shareholders that qualify for and have elected to receive the final dividend payment:
Exchange Rate
1 USD = 419.50 Nigerian naira
1 USD = 0.8163 GB pounds
The exchange rate for the Nigerian naira or GB pounds amounts payable was determined by reference to the exchange rates applicable to the U.S. dollar available on 20 June 2022.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
