REG - Seplat Energy PLC - Ministerial Consent for the acquisition of MPNU

Seplat EnergyAnnouncement

22/10/2024 07:00

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RNS Number : 0982J  Seplat Energy PLC  22 October 2024

 

 

 

 

 

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

Ministerial Consent for the acquisition of MPNU

Lagos and London, 22 October 2024: Seplat Energy Plc, a leading Nigerian
energy company listed on both the Nigerian Exchange Limited and the London
Stock Exchange, is delighted to announce that the Nigerian Upstream Petroleum
Regulatory Commission ("NUPRC") has confirmed that consent has been granted by
the Honourable Minister of Petroleum Resources in Nigeria, President Bola
Ahmed Tinubu GCFR, to proceed with the acquisition of the entire issued share
capital of Mobil Producing Nigeria Unlimited ("MPNU") ("the Transaction").

Seplat Energy sincerely thanks His Excellency, President Bola Ahmed Tinubu
GCFR, for granting this approval, and appreciates the support and diligence of
the various Ministries and regulators for all the work on this Transaction.

 

The Company will now work with all parties to bring the Transaction to
completion.

 

Further announcements will be made as and when appropriate, in line with
regulatory requirements.

-  ENDS -

 

For: Seplat Energy Plc

 

 

 

 

Roger Brown

Chief Executive Officer

 

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 Liang
                                                       +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).

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/)

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