Seplat shareholders gets $59M dividend

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Paul iyang

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May 6, 2020
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Seplat oil and gas have been given a go ahead by their shareholders to pay $59M dividend of 2019, and also to acquire more oil and gas assets and ensure sustainable growths and returns to shareholders.
Chairman, Seplat Petroleum Development Company Plc, Dr Ambrose Orjiako, said the company remains focused on delivering shareholder returns through regular dividend distributions and capital growth.

He spoke just as shareholders approved the distribution of $59 million as cash dividends for the 2019 business year, representing a dividend per share of 10 cents.

He said the company is in a competitive position for further price-sensitive acquisitions noting that Seplathas been well-positioned for emerging opportunities in the event of further consolidation of the oil and gas industry.
 
Adewale Stock

Adewale Stock

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Apr 15, 2020
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Seplat Energy Plc has confirmed the currency exchange rate applicable in determining the final dividend for 2021 to be paid to shareholders who qualify and have elected to receive dividend payment in Naira or Sterling (GBP).

This was disclosed in a notice filed with the Nigerian Exchange Group (NGX) and signed by the company’s secretary, Emeka Onwuka.

According to the disclosure, the exchange rate for dividend payment in Naira and Sterling is 416.55 NGN and 0.7976 GBP, respectively, to 1 USD. These exchange rates were determined by reference to rates applicable to the US Dollar as at April 29th, 2022.
 
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