Seplat Petroleum Development Co PLC Revision to Q3 Interim Dividend Exchange Rates (2624T)
13 Novembre 2019 - 11:00AM
UK Regulatory
TIDMSEPL
RNS Number : 2624T
Seplat Petroleum Development Co PLC
13 November 2019
Seplat Petroleum Development Company Plc
REVISION TO ANNOUNCEMENT OF Q3 2019 INTERIM DIVIDEND CURRENCY
EXCHANGE RATES
Lagos and London, 13(th) November 2019: 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 12(th) 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 (11(th) 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 11(th)
November 2019.
The closing date for Dividend currency election to the Company's
Registrars is 27(th) 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 29(th)
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.
Dated 13(th) November 2019
Signed:
Mr. Roger Brown
(Chief Financial Officer)
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END
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