Seplat Announce Notice of dividend currency exchange rates – 2015 final dividend
Seplat Petroleum Development Company Plc (“Seplat” or the “Company”) today confirms that the following currency exchange rates will be applicable in determination of the 2015 final dividend payment to any shareholders that qualify for and have elected to receive the 2015 final dividend payment in Naira or GBP:
1 USD = 199.0000 Naira
1 USD = 0.6831 GBP
The exchange rate for the Naira or pounds sterling amounts payable was determined by reference to the exchange rates applicable to the US dollar available on 19 May 2016.
The 2015 final dividend of 4 US cents per share, announced by the Company on 24 March 2016, is subject to shareholder approval at the Annual General Meeting to be held in Lagos, Nigeria on 1 June 2016.
If approved, the final dividend is to be paid on or shortly after 9 June 2016 to shareholders on the register as of 19 May 2016. The Nigerian shareholder register will be temporarily closed on 20 May 2016 to enable the Company’s registrar, DataMax, to prepare for the payment of the final dividend.
Source: Seplat Petroleum Development Company Plc
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