Seplat Energy to pay interim dividend of US4.6 cents

Date:


Seplat Energy Plc has announced an interim dividend of US4.6 cents (United States Four point Six cents) per ordinary share subject to appropriate withholding tax (WHT) to be paid to Seplat Energy’s shareholders whose names appear in the Register of Members as at the close of business on May 23, 2025.

To enable Seplat Energy’s Registrar, Datamax Registrars Limited (DataMax), prepare for the payment of the interim dividend, the register of shareholders will be closed on May 26, 2025.

The qualification date is by the close of business on May 23, 2025. On the London Stock Exchange (LSE), the Associated Record Date will be May 23, 2025, and the Ex-Dividend date will be May 22, 2025.

Read also: Legend Internet listing boosts NGX market capitalisation by N11.28bn

The dividend will be paid in Naira and US Dollars only. The default currency for the dividend will depend as follows: shareholders holding their shares on the Nigerian Exchange Limited (NGX) without a valid Nigerian Certificate for Capital Importation (CCI) will be paid their dividend in Naira as the default currency; while 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.

“Evidence of the CCI must be provided to Datamax. However, those shareholders may instead elect to receive their entire dividend payment in Naira (partial elections are not permissible); 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,” Seplat Energy said in its corporate announcement at the NGX.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).



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