Home Life Style Seplat Vitality to pay shareholders $14 million dividend

Seplat Vitality to pay shareholders $14 million dividend

by Good News

Seplat Vitality will reward shareholders with a final dividend payout of $14 million translating to $0.025 per traditional half, the oil and gas firm talked about in a disclosure on Monday and considered by PREMIUM TIMES.

Seplat Vitality, who true got the total shallow water sources of one amongst ExxonMobil’s Nigerian subsidiaries, Mobil Producing Nigeria Limitless, will pay dividends four times in a year at quarterly intervals.

The dividend shall be topic to appropriate withholding tax and shareholders’ approval and “shall be paid to shareholders whose names seem in the register of members as on the shut of business on Can also 5, 2022,” It talked about.

The register of shareholders shall be closed on Can also 6 to enable the firm’s registrar to prepare for the fee of the final dividend on or round Can also 25.

“Shareholders maintaining their shares on the Nigerian Alternate Restricted (NGX) with out a sound Nigerian Certificates for Capital Importation (“CCI”) shall be paid their dividend in Naira as the default forex,” it added.

These maintaining their shares on the NGX and having a sound CCI shall be paid their dividend in U.S. bucks, whereas shareholders maintaining their shares by technique of depository pursuits on the London Inventory Alternate will receives a commission in U.S bucks.

READ ALSO: Seplat confirms commerce price for duration in-between dividend

“Shareholders who personal a dividend forex option, have to accomplish the election to the Firm’s Registrars by 18 Can also 2022, otherwise the dividend shall be paid in the default forex. The election accomplish additionally be stumbled on shall be despatched out to the relevant shareholders and on can the firm web web page,” it talked about.

“Shareholders with dividend warrants and half certificates which personal remained unclaimed or are but to be equipped for fee or returned for validation are informed to total the e-dividend registration or contact the Registrar.”

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