REG - Seplat Energy PLC - Further Issue and Admission of Ordinary Shares

Seplat EnergyAnnouncement

31/07/2025 15:00

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RNS Number : 4097T  Seplat Energy PLC  31 July 2025

 

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

Further Issue and Admission of Ordinary Shares

 

 

Lagos and London - July 31, 2025: At the Company's 2025 Annual General Meeting
held on 14 May 2025, the shareholders approved the increase in the Company's
share capital by the increase and allotment of Eleven Million, Five Hundred
Thousand Shares (11,500,000) ordinary shares of 50 kobo each (the "Ordinary
Shares") to Stanbic IBTC Trustees Limited to be utilised for the shares under
the Company's Employees Long Term Incentive Plan.

 

Following this, the Company obtained the approval of the Nigerian Corporate
Affairs Commission (CAC) for the share capital increase on 27 May 2025. On 27
June 2025, the Company also received the approval of the Nigerian Securities
and Exchange Commission (SEC) for the registration of the newly issued
Ordinary Shares.

 

Accordingly, the Company today announces that the Ordinary Shares, with effect
from 8.00 a.m. on August 1, 2025:

-     will be admitted to the Premium Board of the Nigerian Exchange
Limited (NGX) ("Admission").

-     will be admitted to the equity shares (international commercial
companies secondary listing) segment of the Official List of the Financial
Conduct Authority and to trading on the main market for listed securities of
the London Stock Exchange plc ("Admission").

 

Following Admission, the Company's issued share capital will consist of
599,944,561 Ordinary Shares. This figure may be used by shareholders as the
denominator for calculating whether they are required to notify their interest
in, or a change to their interest in, the share capital of the Company under
the Disclosure Guidance and Transparency Rules of the Financial Conduct
Authority.

 

-  ENDS -

 

For: Seplat Energy Plc.

 

 

 

 

Mrs. Edith Onwuchekwa

Director Legal/Company Secretary

 

 

Enquiries:

   Seplat Energy Plc
   Eleanor Adaralegbe   Chief Financial Officer
   Chioma Afe             Director External Affairs and Social Performance
   Edith Onwuchekwa       Director Legal/Company Secretary
   James Thompson         Head of Investor Relations
   FTI Consulting         Ben Brewerton / Chris Laing

                         +44 (0) 203 727 1000 seplatenergy@fticonsulting.com
                        (mailto:seplatenergy@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 Limited (NGX: SEPLAT) and the
Main Market of the London Stock Exchange (LSE: SEPL).

Through our strategy to Build a sustainable business and Deliver energy
transition, we are transforming lives by delivering affordable, reliable and
sustainable energy that drives social and economic prosperity.

Following the acquisition of Mobil Producing Nigeria Unlimited, Seplat
Energy's enlarged portfolio consists of eleven oil and gas blocks in onshore
and shallow water locations in the prolific Niger Delta region of Nigeria,
which we operate with partners including the Nigerian Government and other oil
producers. Furthermore, we have an operated interest in three export terminals
including the Qua Iboe export terminal and Yoho FSO, as well as an operated
interest in the Bonny River Terminal (BRT) NGL recovery plant. We operate two
gas processing plants onshore, at Oben in OML 4 and Sapele in OML 41, and are
soon to open the 300 MMscfd ANOH Gas Processing Plant in OML 53 as a joint
venture with NGIC. Combined, these gas facilities augment Seplat Energy's
position as a leading supplier of natural gas to the domestic power generation
market.

 

For further information please refer to our website, https://seplatenergy.com/
(https://seplatenergy.com/)

 

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