Airtel Africa Plc (NGX: AIRTELAFRI) has confirmed the default currency and options on currency election for Q3 2024 interim dividend.
The 2.6 cents per ordinary share interim dividend declared by the Board is payable on 13 December 2024 to shareholders on the register as of close of business on 8 November 2024.
Airtel Africa said the currency exchange rate for the dividend is:
1 USD = 1656.97 Nigerian naira
1 USD = 0.777363 GB pounds
It further noted that the exchange rates were determined by reference to the exchange rates applicable to the U.S. dollar available on 31 October 2024.
According to the company in a filing with the Nigerian Exchange on Friday, the arrangements for Shareholders that hold their shares on the Nigerian Exchange (NGX) is as follows;
- 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.
- The last date to trade shares in order to be entitled to the dividend is 5 November 2024.
- 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 - Currency election forms can be found on the website of the Company’s Registrar www.coronationregistrars.com or this direct link: Currency Election Form
- The closing date for the dividend currency election to the Company’s Registrars Coronation Registrars Limited in Nigeria is 25 November 2024.
- Shareholders holding their shares on the NSE who do not indicate their currency of choice before 25 November 2024 will receive their dividends in Nigerian naira.
London Stock Exchange (LSE):
- Shareholders that hold their shares on the London Stock Exchange may elect to receive their dividend payment in GB pounds or U.S. dollars.
- The last date to trade shares in order to be entitled to the dividend is 6 November 2024.
- CREST participants can elect to receive their dividend payment via CREST.
- 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.
- 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.
- The closing date for the dividend currency election to the Company’s Registrars Computershare Investor Services plc in the UK is 25 November 2024.
- Shareholders holding their shares on the LSE who do not indicate their currency of choice before 25 November 2024 will receive their dividends in U.S. dollars.
- Shareholders holding their shares on the LSE who do not indicate their currency of choice before 25 November 2024 will receive their dividends in U.S. dollars.
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and mobile money services, with operations in 14 countries in sub-Saharan Africa. Airtel Africa provides an integrated offer to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally. The company’s strategy is focused on providing a great customer experience across the entire footprint, enabling our corporate purpose of transforming lives across Africa.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
