Airtel Africa Plc Announces Full Year 2019-2020 Dividend Currency Exchange Rates

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London and Lagos, 6 July 2020: Airtel Africa plc, a leading pan-African provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today confirms that the default currency and options on currency election for the dividend, and the currency exchange rates that will be applicable in the determination of the Full Year 2019-20 final dividend payment to any shareholders that qualify for and have elected to receive the Full Year 2019-20 final dividend payment in GBP or Naira will be as follows:

Arrangements for Shareholders that hold their shares on the London Stock
Exchange (LSE)

  • Shareholders that hold their shares on the London Stock Exchange may elect to receive their entire dividend payment in GBP or USD Dollar.
  • Partial elections are not permissible.
  • Holders electing to receive a dividend should specify the 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
    the choice before 17 July 2020 will receive their dividends in USD.
  • The closing date for the dividend currency election to the Company’s Registrars Computershare Investor Services plc in the UK is 17 July 2020.
  • Currency election forms can be obtained by contacting the Company’s Registrars, Computershare Investor Services plc on the Company’s dedicated telephone line:
    +44 (0)370 7030027
Read Also:  #BeSmartBeSafe: Airtel Africa Unveils “Big Mama” Campaign

Arrangements for Shareholders that hold their shares on the Nigerian Stock
Exchange (NSE)

  • Shareholders that hold their shares on the Nigerian Stock Exchange may elect to
    receive their entire dividend payment in Naira or Dollar.
  • Partial elections are not permissible.
  • Holders electing to receive a dividend should specify the choice of currency by completing the Currency Election Form and returning it to United Securities Limited seven days before a dividend payment.
  • Shareholders holding their shares on the NSE who do not indicate their currency of choice before 17 July 2020 will receive their dividends in Naira.
  • The closing date for dividend currency election to the Company’s Registrars United Securities Limited in Nigeria is 17 July 2020.
  • Currency election forms can found on the website of the Company’s Registrar’s at www.unitedsecuritieslimited.com

The following currency exchange rate will be applicable in the determination of the year
ended 31 March 2020 Final dividend payment to any shareholders that qualify for and have
elected to receive the year ended 31 March 2020 dividend payment:

Exchange Rate

1 USD = 387 Naira
1 USD = 0.8016 GBP

The exchange rate for the Naira or Pounds Sterling amounts payable was determined by
reference to the exchange rates applicable to the US Dollar available on 1 July 2020.

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Airtel Africa Plc Announces Full Year 2019-2020 Dividend Currency Exchange Rates - Brand SpurAirtel Africa Plc Announces Full Year 2019-2020 Dividend Currency Exchange Rates - Brand Spur

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2 COMMENTS

  1. […] Cost of sales declined by 25% YoY from N8.41bn in Q2’19 to N6.34bn in Q2’20. However, despite the decline in cost of sales in absolute terms, cost margin rose by 300 basis points from 83% in Q2’19 to 86% in Q2’20. We attribute the higher cost margin to the devaluation of the exchange rate. […]

  2. […] Cost of sales declined by 25% YoY from N8.41bn in Q2’19 to N6.34bn in Q2’20. However, despite the decline in cost of sales in absolute terms, cost margin rose by 300 basis points from 83% in Q2’19 to 86% in Q2’20. We attribute the higher cost margin to the devaluation of the exchange rate. […]

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Airtel Africa Plc Announces Full Year 2019-2020 Dividend Currency Exchange Rates - Brand SpurAirtel Africa Plc Announces Full Year 2019-2020 Dividend Currency Exchange Rates - Brand Spur

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