REG - Seplat Energy PLC - Corporate Announcement

Seplat EnergyAnnouncement

16/05/2022 07:00

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RNS Number : 5049L  Seplat Energy PLC  16 May 2022

 

 

 

 

CORPORATE ANNOUNCEMENT

 

 

Lagos and London, 16(th) May 2022: Further to the announcement made on
November 17, 2021, Seplat Energy Plc ("the Company") confirms that Dr. A.B.C
Orjiako will be retiring from the Board of the Company after the Annual
General Meeting on 18 May 2022.

The Company confirms that it is currently in discussions with Dr. Orjiako on
how he would assist Seplat Energy Plc with specific and essential external
stakeholder engagements he is currently involved in, which will continue
beyond the date he steps down.  To clarify, no contract has been finalised
yet and the contractual role to be performed by Dr Orjiako, will not be in
conflict with the role of the incoming Independent Non-Executive Chairman.
Assuming a contract is subsequently agreed, on signature, the Company will
fully disclose the terms in accordance with regulatory requirements.

An accelerated contractual payment, under Dr. Orjiako's current service
contract, will be made post AGM 2022, in line with the Shareholders' approved
Remuneration Policies and fully disclosed in the Company's Directors
Remuneration Report for 2022.

 

- ENDS

 

 

Mr. Emeka Onwuka

Chief Financial Officer

FOR: SEPLAT ENERGY PLC.

 

Enquiries:

 SEPLAT Energy Plc
 Edith Onwuchekwa, Director, Legal/Company Secretary
 Chioma Nwachuku, Director, External Affairs & Sustainability      +234 (0) 12 770 400

 FTI Consulting
 Ben Brewerton/Chris Laing                                         +44 (0) 203 727 1000
                                                                   Seplat@fticonsulting.com (mailto:Seplat@fticonsulting.com)

 

Notes to editors

Seplat Energy Plc is a leading indigenous Nigerian energy company with a
strategic focus on Nigeria, listed on the Premium Board of the Nigerian
Exchange Limited ("NGX ") (NGX:SEPLAT) and the Main Market of the London Stock
Exchange ("LSE") (LSE:SEPL). Seplat is pursuing a Nigeria focused growth
strategy and is well-positioned to participate in future divestment programmes
by the international oil companies, farm-in opportunities and future licensing
rounds. For further information, please refer to the company website,
http://seplatenergy.com/ (http://seplatenergy.com/) .

 

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