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Tuesday, November 12, 2019
/12:21 PM / By NSE / Header Image Credit: Seplat Petroleum
Seplat Petroleum
Development Company Plc ("Seplat" or the
"Company"), a leading Nigerian independent oil and gas company listed
on both the Nigerian Stock Exchange and London Stock Exchange, today announces
a revision to its Q3 2019 interim dividend currency exchange rates previously announced
on 12th November 2019 to correct an error made on the USD/GBP exchange rate.
The correct exchange rate is 1 USD = 0.7794 GBP (or 1 GBP = 1.2831 USD)
and not 1 USD = 1.2831 GBP as previously stated.
The amended Announcement of Q3 2019 Interim Dividend Currency Exchange
Rates is stated below.
Seplat Petroleum Development Company Plc today confirms that the
following currency exchange rates will be applicable in determination of the Q3
2019 interim dividend payment to any shareholders that qualify for and have
elected to receive the Q3 2019 interim dividend payment in Naira or GBP:
Exchange Rate
1 USD =
306.40 Naira
1 USD = 0.7794 GBP
The exchange rate for the Naira amounts payable was determined by
reference to the exchange rates applicable to the US dollar available on 8 th
November 2019 (11th November previously announced was a public holiday in
Nigeria) and the exchange rate for Pounds Sterling amounts payable was
determined by reference to the exchange rates applicable to the US dollar
available on 11th November 2019.
The closing date for Dividend currency election to the Company's
Registrars is 27th November 2019. In the absence of a qualifying Dividend
currency election by shareholders to the appropriate Registrar, dividends will
be paid in their default currency. Shareholders should refer to the Company's
announcement on 29th October 2019 for definition of default currencies and
dividend currency election forms can be found on the company website at https://seplatpetroleum.com/investors/dividend.
One Year Share Price
Movement
Q3 2019 Table
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