Airtel Africa Sets Interim Dividend at 2.38 Cents Per Share with Fixed Exchange Rate

Airtel Africa has officially verified that the default currency and currency election options for the proposed interim dividend, as recommended by the Board, stand at 2.38 cents per ordinary share. This dividend is scheduled for payment on December 15, 2023, as detailed in a notice submitted to the Nigerian Exchange Limited and the investment public, as acquired by Infostride News.

As outlined in the statement, the dividend will be disbursed to shareholders on the register at the close of business on November 10, 2023. The applicable currency exchange rates will be utilized in determining the interim dividend payment for qualifying shareholders who opt to receive the payment in U.S. dollars, GB pounds, or Nigerian naira.

The deadline for trading shares to qualify for the dividend entitlement was November 8, 2023. Shareholders holding their shares on the London Stock Exchange (LSE) have specific options for receiving their dividend payments:

1. **Currency Options for LSE Shareholders:**
– Shareholders on the LSE can choose to receive their entire dividend payment in either GB pounds or U.S. dollars.
– CREST participants have the option to receive their full dividend payment via CREST.
– Partial elections are not permissible.
– Holders opting for a dividend payment should complete the Currency Election Form and submit it to Computershare Investor Services plc.
– LSE shareholders not specifying their currency choice by the close of business on November 27, 2023, will receive their dividends in U.S. dollars.
– The closing date for submitting the dividend currency election form to Computershare Investor Services plc in the UK is November 27, 2023.

2. **Currency Options for NGX Shareholders:**
– Shareholders holding their shares on the Nigerian Exchange Limited (NGX) can choose to receive their entire dividend payment in Nigerian naira or U.S. dollars.
– Partial elections are not permissible.
– Shareholders opting for a U.S. dollar dividend should complete the Currency Election Form and return it to Coronation Registrars Limited.
– NGX shareholders who do not indicate their currency preference by the close of business on November 27, 2023, will receive their dividends in Nigerian naira.
– The closing date for submitting the dividend currency election form to Coronation Registrars Limited in Nigeria is November 27, 2023.

The company has provided specific exchange rates applicable for determining the interim dividend payment for shareholders opting for U.S. dollars, GB pounds, or Nigerian naira. These rates are set at 1 USD = 858.24 Nigerian naira and 1 USD = 0.8190 GB pounds. The determination of the exchange rate for Nigerian naira or GB pounds amounts payable was based on the exchange rates available for the U.S. dollar on November 10, 2023.

This comprehensive disclosure by Airtel Africa reflects the company’s commitment to transparency and providing shareholders with clear options regarding dividend payments, ensuring that the process is efficient and in accordance with the preferences of the diverse shareholder base. The outlined procedures and deadlines offer clarity and guidance to shareholders, allowing them to make informed decisions regarding their dividend payments in alignment with their currency preferences and the stock exchange on which they hold their shares. Infostride News remains dedicated to delivering accurate and timely financial information to the investing public.