Seplat Energy Plc has confirmed the exchange rate for the rates applicable in determining the Q1 2022 interim dividend to any shareholder that qualifies for and has elected to receive the dividend payment in Naira or Sterling (GBP).
Exchange Rate
1 USD = 418.77 NGN
1 USD = 0.7920 GBP
The company sad the rates were determined by “reference to the exchange rates applicable to the US dollar available on 27th May 2022.”
Read also: List of Dividends announced in 2022, qualification and payment dates
Seplat Energy had announced an Interim Dividend of US2.5cents (United States Two Point Five Cents) per Ordinary Share of N0.50k each, subject to appropriate withholding tax. The qualification for the dividend is Monday, 30th May 2022, while the payment date is “On or around 24th June 2022,” according to the company.
“The closing date for dividend currency election to the Company’s Registrars is 15th June 2022,”it said. Adding that “In the absence of a qualifying dividend currency election by shareholders to the appropriate Registrar, dividends will be paid in their default currency.”
The share price of Seplat Energy closed at closed flat at N1,300.00 per share, its all-time high on Friday on the floor of the Nigerian Exchange. It has remained at this price since May 13, 2022.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.