Airtel Africa Announces Final Dividend Currency Exchange Rates

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10 June 2021: Airtel Africa, 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 proposed final dividend (recommended by the Board to be 2.5 cents per ordinary share payable on 23 July 2021 to shareholders on the register at of close of business on 25 June 2021), and the currency exchange rates that will be applicable in determination of the final dividend payment to any shareholders that qualify for and have elected to receive the final dividend payment in U.S. dollars, GB pounds or Nigerian 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 GB pounds or U.S. dollars.
  • Partial elections are 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 12 July 2021 will receive their dividends in U.S. dollars.
  • The closing date for the dividend currency election to the Company’s Registrars Computer share Investor Services plc in the UK is 12 July 2021.
  • 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.
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Airtel africa
The logo of telecommunications company Airtel is pictured on an umbrella and chairs set up by vendors in Abuja. REUTERS/Afolabi Sotunde

Arrangements for Shareholders that hold their shares on the Nigerian Exchange Limited (NGX):

  • Shareholders that hold their shares on the Nigerian Exchange Limited may elect to receive
    their entire dividend payment in Nigerian naira or U.S. dollars.
    • Partial elections are not permissible.
    • Holders electing to receive a dividend in U.S. dollars should complete the Currency Election
    Form and return to Coronation Registrars Limited or email to
    eforms@coronationregistrars.com

Shareholders holding their shares on the NGX who do not indicate their currency of choice before 12 July 2021 will receive their dividends in Nigerian naira.

The closing date for the dividend currency election to the Company’s Registrars Coronation Registrars Limited in Nigeria is 12 July 2021.

Currency election forms can found on the website of the Company’s Registrar www.coronationregistrars.com or this direct link: https://coronationregistrars.com/currencyelection-form/

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The following currency exchange rate will be applicable in the determination of the final dividend payment to any shareholders that qualify for and have elected to receive the final dividend payment:

Exchange Rate

  • 1 USD = 410.95 Nigerian naira
  • 1 USD = 0.7068 GB pounds

The exchange rate for the Nigerian naira or GB pounds amounts payable was determined by reference to the exchange rates applicable to the U.S. dollar available on 9 June 2021.

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