Seplat Energy Plc, a Nigerian independent energy company listed on both the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE), announced an interim dividend of US2.5 cents per ordinary share.
The dividend will be paid to shareholders recorded in the Register of Members as of the close of business on August 12, 2022.
Dividend Payment Details
According to the corporate action announcement signed by Chief Financial Officer Emeka Onwuka, the dividend payment currency and options are structured as follows:
- Shareholders on the Nigerian Exchange Limited (NGX):
- Those without a valid Nigerian Certificate for Capital Importation (CCI) will receive the dividend in Naira as the default currency.
- Those with a valid CCI will receive the dividend in US dollars by default but may elect to receive the full amount in Naira.
- Partial elections are not permitted, and CCI evidence must be submitted to Datamax Registrars Limited.
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Shareholders on the London Stock Exchange (LSE):
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Holders of depository interests will receive the dividend in US dollars by default but may elect to receive the full amount in pounds sterling. Partial elections are not permitted.
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Shareholders opting for an alternative currency must submit their election to the Company’s Registrars by August 26, 2022. If no election is made, the dividend will be paid in the default currency.
Exchange Rate Determination
The exchange rates for Naira or pounds sterling payments will be based on the US dollar rates applicable on August 11, 2022, and will be communicated by Seplat Energy on August 12, 2022.
Company Background
Seplat Energy Plc is a leading independent energy company in Nigeria, dual-listed on the NGX and LSE, focusing on oil and gas exploration and production.
Related Developments
Recent economic developments in Nigeria, as reported on July 28, 2025, include calls from Nigerian manufacturers to the Central Bank of Nigeria (CBN) to cut interest rates to ease inflation and spur growth.
Additionally, the National Identity Management Commission (NIMC) denied liability in a case involving 12,000 youths allegedly selling BVNs and NINs to fintechs, highlighting ongoing financial sector challenges.
