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Airtel announces interim dividend currency exchange rates - Printable Version +- Forums (http://contripeople.com) +-- Forum: General Discussion (http://contripeople.com/forumdisplay.php?fid=5) +--- Forum: Market Place (http://contripeople.com/forumdisplay.php?fid=77) +--- Thread: Airtel announces interim dividend currency exchange rates (/showthread.php?tid=40771)

Airtel announces interim dividend currency exchange rates - Edoman - 11-13-2020 5'  ‌ [color=var(--atc)]Airtel announces interim dividend currency exchange rates November 12, 2020 [url=https://punchng.com/airtel-announces-interim-dividend-currency-exchange-rates/][/url] ‌ Airtel Africa Plc on Wednesday confirmed the default currency and options on currency election for the interim dividend. The company also highlighted the currency exchange rates that will be applicable in determination of the interim dividend payment to shareholders that qualify for and have elected to receive the interim dividend payment in GBP or naira.[/color] In a statement sent to the Nigerian Stock Exchange, Airtel noted that shareholders that held their shares on the London Stock Exchange might elect to receive their entire dividend payment in GBP or US dollars adding that partial elections were not permissible.  “Holders electing to receive a dividend should specify a choice of currency by completing the Currency Election Form and return to Computershare Investor Services Plc. Shareholders holding their shares on the LSE who do not indicate their currency of choice before November 27, 2020 will receive their dividends in US dollars. “The closing date for the dividend currency election to the Company’s Registrars Computershare Investor Services Plc in the UK is November 27, 2020,” it said. The telecom firm noted that shareholders that held their shares on the Nigerian Stock Exchange might elect to receive their entire dividend payment in dollars, adding that partial elections were not permissible. “Shareholders holding their shares on the NSE who do not indicate their currency of choice before November 27, 2020 will receive their dividends in naira. The closing date for the dividend currency election to the Company’s Registrars United Securities Limited in Nigeria is November 27, 2020.” Airtel said the following currency exchange rate would be applicable in the determination of the interim dividend payment to any shareholders that qualify for and had elected to receive the interim dividend payment: 1 USD = 386 naira 1 USD = 0.7534 GBP.