REG - Seplat Energy PLC - Persons discharging managerial responsibilities

Seplat EnergyAnnouncement

29/05/2026 14:45

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RNS Number : 2969G  Seplat Energy PLC  29 May 2026

 

 

 

 

 

 

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES

Seplat Energy PLC ("Seplat" or "Company")

Share Awards granted under the Seplat Energy PLC 2014 Long Term Incentive Plan
("LTIP")

Lagos and London - 29(th) May 2026

EXERCISE OF RIGHT ON VESTED LTIPS (AND ATTENDANT "DEALING IN SHARES")

Seplat Energy PLC ("Seplat" or the "Company") announces the exercise of rights
on LTIP shares vested to the executives from 2021, 2022 and 2023 LTIP under
the terms of the Seplat Energy PLC 2014 Long Term Incentive Plan ("LTIP"), on
30(th) May 2026, and the attendant 'dealing in shares' to meet statutory
obligations.

 

Further to the above, Roger Brown and Eleanor Adaralegbe will now hold
6,523,862 and 1,018,254 ordinary shares, respectively, in Seplat Energy PLC,
which sufficiently satisfies the minimum shareholding requirement mandated by
the shareholder approved remuneration policy.  The Board of Seplat Energy
notes that this quantum of shareholding ensures that the Executive Directors'
interests in the Company remain closely aligned with those of other
shareholders in Seplat Energy.  The transaction has been approved by the
Board of Seplat Energy PLC and is in accordance with normal market practice on
the exercise of share options by an Executive Director.

 

The LTIP share award were made in accordance with the Company's Remuneration
Policy for Executive Directors and under the terms of the Company's 2014 Long
Term Incentive Plan.

 Director            Vested shares exercised  Shares dealing to meet statutory obligations  Shares retained after statutory deductions
 Roger Brown         2,193,586                548,396                                       1,645,190
 Eleanor Adaralegbe  478,082                  119,519                                       358,563

The information set out below is provided in accordance with the requirements
of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

Mrs. Edith Onwuchekwa

Director, Legal/Company Secretary

FOR: SEPLAT ENERGY PLC

 

Details of duly authorised officer of issuer responsible for making
notification:

Edith Onwuchekwa, Director, Legal/Company Secretary +234 (0) 1 277 0400

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Roger Brown
 2   Reason for the notification
 a)  Position / status                                            Chief Executive Officer
 b)  Initial notification / Amendment                             Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Seplat Energy PLC
 b)  LEI                                                          029200711C4S4CB2E982
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of Seplat Energy PLC

     Identification code

                                                                  NGSEPLAT0008
 b)  Nature of the transaction                                    i.   Exercise of 2,193,586 shares being 2021 LTIP vested shares

                                                                  ii.  548,396 shares withheld, in respect of settling Nigerian personal income
                                                                  tax obligations on (i) above

                                                                  both under Seplat Energy PLC 2014 Long Term Incentive Plan.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  (i)   Nil       2,193,586
                                                                  (ii)  Nil       548,396
 d)  Aggregated information                                       Nigerian personal income tax liability arising on exercise to be cash settled

- Aggregated volume                                         with the relevant tax authority, equivalent to 548,396 ordinary shares at the
     - Price                                                      NGX closing share price on 22 May 2026.

 e)  Date of the transaction                                      22 May 2026
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

Nigerian personal income tax liability arising on exercise to be cash settled
with the relevant tax authority, equivalent to 548,396 ordinary shares at the
NGX closing share price on 22 May 2026.

 

e)

Date of the transaction

22 May 2026

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Eleanor Adaralegbe
 2   Reason for the notification
 a)  Position / status                                            Chief Financial Officer
 b)  Initial notification / Amendment                             Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Seplat Energy PLC
 b)  LEI                                                          029200711C4S4CB2E982
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of Seplat Energy PLC

     Identification code

                                                                  NGSEPLAT0008
 b)  Nature of the transaction                                    i.   Exercise of 478,082 shares from 2021, 2022 and 2023 LTIP vested shares

                                                                  ii.  119,519 shares withheld, in respect of settling Nigerian personal income
                                                                  tax obligations on (i) above.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  (i)   Nil       478,082
                                                                  (ii)  Nil       119,519
 d)  Aggregated information                                       Nigerian personal income tax liability arising on exercise to be cash settled

- Aggregated volume                                         with the relevant tax authority, equivalent to 119,519 ordinary shares at the
     - Price                                                      NGX closing share price on 22 May 2026.
 e)  Date of the transaction                                      22 May 2026
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

Nigerian personal income tax liability arising on exercise to be cash settled
with the relevant tax authority, equivalent to 119,519 ordinary shares at the
NGX closing share price on 22 May 2026.

e)

Date of the transaction

22 May 2026

f)

Place of the transaction

Outside a trading venue

 

Enquiries

 

 Seplat Energy Plc                                              +234 12 770 400
 Eleanor Adaralegbe, Chief Financial Officer

 Edith Onwuchekwa, Director Legal /Company Secretary

 James Thompson, Investor Relations
 Chioma Afe, Director, External Affairs and Social Performance

 Nwamaka Iloh - Company Secretariat

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

 

About Seplat Energy

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.

 

Seplat Energy's portfolio consists of 11 PMLs, 17 PPLs and 5 OMLs 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
producers. Furthermore, we have an operated interest in three export terminals
including; the Qua Iboe export terminal, Yoho FSO, and Bonny River Terminal
(BRT), and operate two large offshore NGL recovery plants at Oso and EAP.

 

We operate three gas processing plants onshore, at Oben and Sapele on our
Western Assets and the 300 MMscfd ANOH Gas Processing Plant on our Eastern
Assets, an integrated 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://www.seplatenergy.com/ (https://www.seplatenergy.com/) .

 

 

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