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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withdrawn.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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