REG - Seplat Energy PLC - Board announcement

Seplat EnergyAnnouncement

17/11/2021 15:40

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RNS Number : 7222S  Seplat Energy PLC  17 November 2021

 

 

 

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

 

Board announcement

 

Lagos and London - 17 November 2021: Seplat Energy plc today announces that
its co-founder and pioneer Chairman, Dr. A.B.C. Orjiako has decided to step
down as Chairman and from the Board of Directors of Seplat Energy Plc at the
next Annual General Meeting (AGM) in May 2022.  In order to ensure an orderly
transition, Dr A.B.C. Orjiako will remain the Chairman of Seplat Energy until
the AGM, when he will be succeeded by an Independent Chairperson in line with
Seplat Energy's succession plan.

 

As Chairman of the Group since 2009, Dr. Orjiako has led the transformation of
Seplat into a globally respected energy Company. Notable achievements include
instilling best practice corporate governance, and significant growth through
several successful acquisitions. He was also the driving force behind Seplat
Energy becoming the first and only Nigerian corporate to dual list on the
Nigerian Exchange and the Main Board of the London Stock Exchange in 2014.

 

The Board thanks its Chairman for his strategic vision, drive and limitless
energy to create and Chair the Board of Nigeria's leading Indigenous
Independent Energy Company.

 

Dr. A.B.C. Orjiako, Chairman of Seplat Energy plc, commented today:

 

"The past twelve years of Seplat Energy's existence have been phenomenal for
me.  As Chairman, I am proud that the Board, Management and entire Staff of
Seplat Energy, were able to achieve several enviable milestones and
exceptional successes, notably the acquisition of eight oil and gas assets,
expansion of the Oben and development of the ANOH gas plants and the dual
listing on both the Nigerian and London Stock Exchanges, a first by a Nigerian
company.  While there were challenges along the way, we overcame these by the
special grace of God, the outstanding performance and professionalism of each
member of the Board and Management and the sterling efforts of our Staff.  I
will continue to give my utmost energy and commitment to the Company until I
step down from the Board at the next AGM."

 

Mr. Basil Omiyi, Senior Independent Director of Seplat Energy plc, commented
today:

 

"On behalf of all members of the Board, I would like to thank Dr A.B.C.
Orjiako for his immense contribution as a co-founder and Chair of Seplat
Energy since inception. He has been Chairman during exciting times and his
dedication has been constant throughout.  The Board looks forward to working
with him during the transition period and we will miss his insight, expertise
and leadership when he finally steps down in May 2022."

 

-  ENDS -

 FOR: SEPLAT ENERGY PLC.

 

MRS. EDITH ONWUCHEKWA

DIRECTOR LEGAL/COMPANY SECRETARY

 

 

Enquiries:
 

Seplat Energy Plc

 

Emeka Onwuka,          Chief Financial Officer

Chioma Nwachuku,     Director, External Affairs and Sustainability

Edith Onwuchekwa,    Legal Director/Company Secretary

Carl Franklin,                Head of Investor Relations
                                  +234 (01) 277 0400

 

FTI Consulting

Ben Brewerton / Tom Reynolds
                  +44 (0) 203 727 1000

seplat@fticonsulting.com (mailto:seplat@fticonsulting.com)

 

 

 

 

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