REG - Seplat Energy PLC - Interim Orders Mareva Injunctions by Zenith Bank

Seplat EnergyAnnouncement

09/11/2021 08:20

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RNS Number : 7873R  Seplat Energy PLC  09 November 2021

 

 

 

 

 

 

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

 

Interim Orders of Mareva Injunctions granted in the court action by Zenith
Bank PLC against Shebah Exploration & Production Company Limited and
Others

 

Lagos and London - 9(th) November 2021: Seplat Energy has been made aware of
the ex parte Interim Orders of Mareva Injunctions which were granted by the
Federal High Court sitting in Lagos, Nigeria in a court action instituted by
Zenith Bank PLC against Shebah Exploration & Production Company Limited
and 8 others, with an additional 29 cited parties.

 

The Interim Orders give an administrative mandate to Seplat Energy Plc and
others not to deal with the assets of (or transfer funds to) Shebah
Exploration & Production Company Limited, Shebah Petroleum Development
Company Limited and Dr. A.B.C. Orjiako.  The order has no impact on the
operations of Seplat Energy. We understand the injunction relates to loans
made by Zenith Bank PLC to Shebah Exploration & Production Company Limited
in 2014.

 

-  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 Communications

Edith Onwuchekwa,    Company Secretary and Legal Director

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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