REG - Seplat Energy PLC - Appointment of Chairman

Seplat EnergyAnnouncement

19/05/2022 12:00

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RNS Number : 1311M  Seplat Energy PLC  19 May 2022

 

 

 

Seplat Energy Plc ("Seplat Energy" or "the Company")

Appointment of Basil Omiyi, CON, as Independent Non-Executive Chairman

and Dr Charles Okeahalam as Senior Independent Non-Executive Director

Lagos and London, 19 May 2022: Seplat Energy PLC, a leading Nigerian energy
company dual listed on both the Nigerian and the London Stock Exchanges, is
pleased to announce that Mr. Basil Omiyi, CON, has been appointed as the
Company's new Independent Non-Executive Chairman, effective immediately. His
appointment follows a thorough assessment of internal and external candidates
and was approved after a unanimous vote by all Directors of Seplat Energy, in
compliance with the Companies and Allied Matters Act in Nigeria ("CAMA").

In addition, Dr. Charles Okeahalam succeeds Mr. Omiyi as the Senior
Independent Non- Executive Director.

Mr. Omiyi has been a member of Seplat Energy's Board of Directors since March
2013 and as Senior Independent Non-Executive Director from 1 February 2021.
During this period, he sat on the Company's Remuneration, Nominations &
Governance, Energy Transition, and Risk Management & HSSE committees.

His experience in the energy industry is extensive, with more than 40 years at
Royal Dutch Shell, during which time he held senior roles in Nigeria and
Europe, including becoming Managing Director of Shell Petroleum Development
Company of Nigeria in 2004 and in addition, Country Chairman of Shell
Companies, Nigeria, until his retirement in 2009.

Mr. Omiyi has held several leadership positions in the Nigerian oil and gas
industry, including: Chairman, Upstream Industry Group (Oil Producers Trade
Section, Lagos Chambers of Commerce & Industry) from 2007-2010;  Chairman
of the Energy Sector of NEPAD Business Group, Nigeria, and Board Member NEPAD
Business Group, Nigeria from 2005-2010; Chairman, of the Oil & Gas
Commission of the Nigerian Economic Summit Group from 2005-2010; and Board
Member, Nigerian Extractive Industry Transparency Initiative (NEITI)
2007-2010. Mr. Omiyi is also the Independent Non-Executive Chairman of Stanbic
IBTC Holdings, a subsidiary of Standard Bank Group, a post he has held since
2015.

In 2011, he was awarded the national honour of Commander of the Order of the
Niger for pioneering leadership in Nigeria's oil and gas sector.

Dr. Charles Okeahalam joined the Board in March 2013 as an Independent
Non-Executive Director, and is Chairman of Seplat Energy's Finance Committee,
and a member of the Energy Transition, Remuneration, and Nominations &
Governance committees.

Dr. Okeahalam has extensive corporate finance and capital markets expertise
and in particular, detailed knowledge of African financial markets, economies
and the investment industry. He was a co-founder of AGH Capital Group, a
private equity and diversified investment holding company based in
Johannesburg, with assets in several African countries. Prior to co-founding
AGH Capital Group in 2002, he was a Professor of Financial Economics and
Banking at the University of the Witwatersrand in Johannesburg.

His other roles have included advising a number of African central banks and
government ministries, the World Bank and the United Nations. He has held
several board positions and is a former non-executive chairman of Heritage
Bank Limited, Nigeria. Since March 2016 he has served as the non-executive
chairman of the Nigeria Mortgage Refinance Company.

Roger Brown, Chief Executive Officer of Seplat Energy, said:

"As the founders of Seplat Energy Dr. ABC Orjiako and Mr. Austin Avuru step
off the board and the Company moves into the next chapter of its development,
Seplat has once again demonstrated its commitment to strong corporate
governance in delivering on its promise of appointing an Independent
Non-Executive Chairman.

Mr. Basil Omiyi has been a leading figure in the Nigerian oil and gas sector
and also with Seplat Energy, having joined its Board in 2013 and helped it to
achieve a dual listing in April 2014. The vast depth of experience and his
detailed knowledge of Seplat Energy will be invaluable as we continue to
evolve and mature the company. He has provided invaluable guidance as an
Independent Director and I look forward to his continued leadership as our new
Independent Non-Executive Chairman.

We will also benefit from the considerable expertise of Dr. Charles Okeahalam
as Senior Independent Non-Executive Director, especially his experience and
knowledge of Africa's economies and its financial markets.

Under their guidance we will continue to expand and consolidate our position
as Nigeria's leading energy company and the partner of choice to deliver
energy transition for Africa's largest economy and its rapidly growing
population."

 

 

 Enquiries:

 Seplat Energy
 Emeka Onwuka, CFO                                               +234 (0) 1 2 770 400
 Carl Franklin, Head of Investor Relations
 Chioma Nwachuku, Director, External Affairs and Sustainability

 FTI Consulting
 Ben Brewerton / Chris Laing                                     +44 (0) 203 727 1000

                                                                 seplat@fticonsulting.com

 

Notes to editors

Seplat Energy Plc is Nigeria's leading indigenous energy company. It is listed
on the Premium Board of the Nigerian Exchange (NGX: SEPLAT) and the Main
Market of the London Stock Exchange (LSE: SEPL).

Seplat Energy is pursuing a Nigeria-focused growth strategy and is well
positioned to participate in future asset divestments by international oil
companies, farm-in opportunities, and future licensing rounds. The Company is
a leading supplier of gas to the domestic power generation market. For further
information please refer to the Company website, http://seplatenergy.com/
(http://seplatenergy.com/)

 

 

 

 

 

Issued by:

Emeka Onwuka

Chief Financial Officer

 

Seplat Energy PLC.

 

 

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