FILE PHOTO
SEPLAT Energy Plc recorded an impressive half year (H1) 2021 scorecard with profit before deferred tax (PBT) of $62.1 million, representing an increase of 142.7 per cent as against H1’20.
Highlights of the company’s financials further indicated that revenue went up 32 per cent to $308.8 million in H1’21, from $233.5 million in H1’20; earnings before interest, taxes, depreciation, and amortization (EBITDA) of $178.9 million; cash generated from operations ($125.8 million); cash at bank ($298.8 million) and net debt of $456.4 million.
During the period, Seplat pronounced an interim dividend at a rate of $2.5 per Ordinary Share, subject to appropriate withholding tax (WHT), to be paid to Seplat Energy’s shareholders whose names appear in the Register of Members as at the close of business on August 12, 2021.
It will be recalled that Seplat Energy Plc commemorated Seplat’s first dual Capital Markets Day on both the Nigerian Exchange (NGX) Limited and London Stock Exchange.
The event marked an important milestone for Seplat marking its name change from Seplat Petroleum Development Company Plc to Seplat Energy Plc.
To enable Seplat’s Registrar, Datamax Registrars Limited, prepare for the payment of the interim dividend, the Register of Shareholders will be closed on August 13, 2021. The Qualification Date is at the Close of Business on August 12, 2021. Note that on the London Stock Exchange: The Associated Record Date will be August 12, 2021 and the Ex-Dividend date will be August 11, 2021.
Seplat said in the corporate action announcement that the exchange rate for the Naira or Pounds Sterling amounts payable to shareholders will be determined by reference to the relevant exchange rates applicable to the US dollar on August 11 and will be communicated by the Company on August 12.
On or around September 13, 2021, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as of August 12, 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their interim dividend directly into their bank accounts.
Shareholders holding their shares on the Nigerian Exchange Limited without a valid Nigerian Certificate for Capital Importation (CCI) will be paid their dividend in Naira as the default currency. Shareholders holding their shares on the Nigerian Exchange Limited with a valid CCI will be paid their dividend in US dollars as the default currency.
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