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REG - Seplat Energy PLC - Corporate Announcement on FY25 & Dividend Payment

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RNS Number : 4534U  Seplat Energy PLC  26 February 2026

 

 

CORPORATE ANNOUNCEMENT

Lagos and London, February 26, 2026:  Seplat Energy Plc ("Seplat Energy" or
the "Company"), a leading Nigerian independent energy company listed on both
the Nigerian Exchange Limited and London Stock Exchange, today announces a
final dividend at a rate of US5 cents (United States Five Cents) and a special
dividend of US3.3 cents (United States Three point Three cents) per Ordinary
Share (subject to appropriate WHT) to be paid to Seplat Energy's shareholders
whose names appear in the Register of Members as at the close of business on
May 15, 2026.

 Period Ended                                        December 31, 2025
 Dividend Announcement Date                          February 26, 2026
 Proposed Dividend                                   An Final Dividend of US5 cents (United States Five Cents) and a Special
                                                     Dividend of US3.3 cents (United States Three point Three cents) per Ordinary
                                                     Share of N0.50k each, (subject to appropriate withholding tax) will be paid to
                                                     shareholders whose names appear in the Register of Members as at the close of
                                                     business on May 15, 2026.
 Closure of Register                                 To enable Seplat Energy's Registrar, Datamax Registrars Limited ("DataMax"),
                                                     prepare for the payment of the dividends, the Register of Shareholders will be
                                                     closed on May 18, 2026.
 Qualification Date                                  Close of Business on May 15, 2026.

                                                     Note that on the London Stock Exchange: The Associated Record Date will be May
                                                     15, 2026, and the Ex-Dividend date will be May 14, 2026.
 Dividend Currency                                   The dividend will be paid in Naira and US Dollars only. The default currency
                                                     for the dividend will depend as follows:

                                                     ·      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.  Evidence of the CCI must be provided to Datamax. However,
                                                     those shareholders may instead elect to receive their entire dividend payment
                                                     in Naira (partial elections are not permissible); and

                                                     ·      Shareholders holding their shares through depository interests on
                                                     the London Stock Exchange will be paid their dividend in US dollars as the
                                                     default currency.
 Shareholders Options                                The dividend will be paid in US Dollars and Naira only. The shareholders
                                                     holding their shares on the Nigerian Exchange Limited who hold a valid CCI
                                                     should notify DataMax of that fact. Those who hold a valid CCI but wish to
                                                     receive their dividends in Naira, should also inform Datamax and complete an
                                                     e-mandate Form. The e-mandate form can be downloaded from the website of
                                                     DataMax at https://www.datamaxregistrars.com
                                                     (https://www.datamaxregistrars.com)
 Determination of Exchange Rate                      The exchange rate for the Naira amounts payable will be determined by
                                                     reference to the relevant exchange rates applicable to the US dollar on May
                                                     14, 2026, and will be communicated by the Company on May 15, 2026.
 Payment Date                                        On or around May 29, 2026, the final and special dividends will be paid
                                                     electronically to shareholders whose names appear on the Register of Members
                                                     as of May 15, 2026, and who have completed the e-dividend registration and
                                                     mandated the Registrar to pay their dividends directly into their Bank
                                                     accounts.
 E-Dividend Registration                             Shareholders who are yet to complete the e-dividend registration are advised

                                                   to download the form either from DataMax Registrars Limited's website at
                                                     http://www.datamaxregistrars.com (http://www.datamaxregistrars.com) or from

                                                   Seplat Energy's website at
                                                     https://www.seplatenergy.com/investors/dividend-information/

                                                   (https://www.seplatenergy.com/investors/dividend-information/) , complete and
                                                     submit to Datamax or their respective Banks. Holders of shares through

                                                   depositary interests on the LSE should please provide their account details to
                                                     the Company's UK depositary, Computershare.

DataMax Registrars Limited                                          Computershare
                                                     2c Gbagada Expressway                                               The Pavillions

                                                   By Beko Ransom Kuti Park                                            Bridgewater Road
 Registrars                                          Gbagada, Lagos                                                      Bristol
                                                     Nigeria                                                             BS13 8AE, United Kingdom
                                                     Fax: + 234 1 712 0012                                               Fax: +44 (0)370 703 6101
                                                     Web: www.datamaxregistrars.com (http://www.datamaxregistrars.com)   Web: www.computershare.com (http://www.computershare.com/)
                                                     Email: datamax@datamaxregistrars.com                                Telephone: +44 (0)370 702 0003
 Unclaimed Dividend Warrants and Share Certificates  Shareholders with dividend warrants and share certificates that have remained
                                                     unclaimed or are yet to be presented for payment or returned for validation
                                                     are advised to complete the e-dividend registration or contact the Registrar.
 Date of Annual General Meeting                      The Company's Annual General Meeting ("AGM") will be held on May 20, 2026.
 Enquiries                                           Enquiries on opening of account and payment of dividend should be directed to
                                                     the appropriate Registrar.

                                                     For all other enquiries, kindly contact:

Seplat Energy Plc
                                                     Eleanor Adaralegbe - CFO                                                       +44 203 725 6500
                                                     James Thompson - Head, Investor Relations
                                                     Phone: +44 (0) 203 725 6500 / +234 (0) 1 277 0400                              +234 12 770 400

                                                     Email:  ir@seplatenergy.com (mailto:ir@seplatenergy.com)
                                                     FTI Consulting

                                                     Ben Brewerton / Chris Laing

                                                     Phone: +44 (0) 203 727 1000

                                                     Email:seplatenergy@fticonsulting.com (mailto:seplatenergy@fticonsulting.com)
 Summary of Key Dates
 February 26, 2026                                   Dividend announcement date
 May 14, 2026                                        London Stock Exchange: Ex-Dividend Date

                                                     Date for determining foreign exchange rate
 May 15, 2026                                        Nigerian Exchange Limited: Qualification date

                                                     London Stock Exchange: Associated Record Date

                                                     Foreign exchange rates will be communicated to shareholders
 May 18, 2026                                        Nigerian Exchange Limited: Register Close Date
 May 20, 2026                                        AGM Date
 May 29, 2026                                        Dividend Payment Date

Unclaimed Dividend Warrants and Share Certificates

Shareholders with dividend warrants and share certificates that have remained
unclaimed or are yet to be presented for payment or returned for validation
are advised to complete the e-dividend registration or contact the Registrar.

Date of Annual General Meeting

The Company's Annual General Meeting ("AGM") will be held on May 20, 2026.

Enquiries

Enquiries on opening of account and payment of dividend should be directed to
the appropriate Registrar.

For all other enquiries, kindly contact:

 Seplat Energy Plc
 Eleanor Adaralegbe - CFO                                                       +44 203 725 6500
 James Thompson - Head, Investor Relations
 Phone: +44 (0) 203 725 6500 / +234 (0) 1 277 0400                              +234 12 770 400

 Email:  ir@seplatenergy.com (mailto:ir@seplatenergy.com)
 FTI Consulting

 Ben Brewerton / Chris Laing

 Phone: +44 (0) 203 727 1000

 Email:seplatenergy@fticonsulting.com (mailto:seplatenergy@fticonsulting.com)

Summary of Key Dates

February 26, 2026

Dividend announcement date

May 14, 2026

London Stock Exchange: Ex-Dividend Date

Date for determining foreign exchange rate

May 15, 2026

Nigerian Exchange Limited: Qualification date

London Stock Exchange: Associated Record Date

Foreign exchange rates will be communicated to shareholders

May 18, 2026

Nigerian Exchange Limited: Register Close Date

May 20, 2026

AGM Date

May 29, 2026

Dividend Payment Date

 

Dated this day of February 26, 2026

Signed:

 

 

Eleanor Adaralegbe

Chief Financial Officer

 

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