REG - Seplat Energy PLC - Response to Media Reports

Seplat EnergyAnnouncement

11/08/2022 12:15

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RNS Number : 7422V  Seplat Energy PLC  11 August 2022

 

 

 

 

Seplat Energy Plc

("Seplat Energy" or the "Company")

Response to media reports

 

Lagos and London - 11 August 2022: Seplat Energy has become aware of a news
report that Ministerial Approval of the Company's proposed acquisition of the
entire share capital of Mobil Producing Nigeria Unlimited ("MPNU") has been
withdrawn.

Seplat Energy has received no official notification of such a decision and is
seeking clarification from the relevant authorities. We will continue to work
with all parties to achieve a successful outcome to the proposed acquisition
and will provide an update in due course.

This announcement is made pursuant to Rule 17.10 of the Rulebook of the
Nigerian Exchange, 2015 (Issuer's Rule).

Responsibility for publication

This announcement has been authorised for publication on behalf of Seplat
Energy by Emeka Onwuka, Chief Financial Officer, Seplat Energy Plc.

Signed:

 

 

 

Emeka Onwuka

Chief Financial Officer

 

 

Enquiries:

 Seplat Energy Plc
 Emeka Onwuka, Chief Financial Officer                             +234 1 277 0400
 Edith Onwuchekwa, Director Legal/Company Secretary

 Chioma Nwachuku, Director External Affairs & Sustainability

 Carl Franklin, Head of Investor Relations
 Ayeesha Aliyu, Investor Relations

 FTI Consulting
 Ben Brewerton / Christopher Laing                                 +44 203 727 1000

                                                                   seplatenergy@fticonsulting.com

 Citigroup Global Markets Limited
 Tom Reid / Luke Spells                                            +44 207 986 4000

 Investec Bank plc
 Chris Sim / Charles Craven / Jarrett Silver                       +44 207 597 4000

Notes to editors

Seplat Energy Plc is Nigeria's leading indigenous energy company. It is listed
on 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 through
participation in 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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