The Nigerian Exchange Limited has notified trading license holders, investors and other relevant stakeholders of the implementation in the change of name of Seplat Petroleum Development Company Plc (the Company) to Seplat Energy Plc.
The recent development is in line with the consensus reached at the recently concluded Annual General Meeting of the company held on 20th of May, 2021. At the aforementioned meeting, shareholders of the company voted in support of the change of name and consequently, a new certificate of incorporation was issued from the Corporate Affairs Commission.
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The change of name is a reflection of the recent efforts by the organization geared towards ensuring a seamless transition into a full energy solutions company. It is in line with its (the organization) goal of being a key player in promoting and operationalizing a low carbon environment in the nearest future.
It is pertinent to note that despite the change in name, the Company’s trading symbol remains the same.
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Seplat announced a total dividend of $0.10 for the 2020 financial year. The breakdown of the total dividend showed that an interim dividend of $0.05 was first announced in October 2020, and subsequently followed by a final dividend of $0.05.
Speaking at the recently concluded 8th AGM of the company, the Chairman of the board, Mr. ABC Orjiako noted that following a capital injection of about $535 million raised through the firm’s IPO launched in May 2014, the company has since returned $344 million to shareholders in the form of dividends.