REG - Seplat Energy PLC - Response to media reports

Seplat EnergyAnnouncement

09/03/2023 07:00

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RNS Number : 4202S  Seplat Energy PLC  09 March 2023

 

 

 

Seplat Energy Plc

("Seplat Energy" or the "Company")

Response to media reports

 

Lagos and London - 9(th) March 2023: Seplat Energy Plc has become aware of a
news report following a letter regarding the residency status of its Chief
Executive Officer ("CEO"), Mr. Roger Brown.

 

Seplat Energy wishes to refute the false allegations against Mr. Brown, which
have been presented to the Ministry of Interior and the public by certain
petitioners, and which have not been brought to the attention of Mr. Roger
Brown or Seplat Energy for a reaction. The orchestrated media reports are
clearly calculated to spread false information. Seplat Energy will be
engaging with the Ministry to reject the impressions created by these
allegations.

 

The Board believes that these allegations are a spurious and vindictive
reaction to the enforcement of corporate governance standards in the Company
by the Board of Seplat Energy. Over the past decade, Mr. Brown has earned an
unblemished record of service and leadership in the Company. On 8(th) March
2023, the Board of Seplat Energy unanimously passed a vote of confidence in
Mr. Brown, who continues to discharge his duties and responsibilities as CEO
from the SEPLAT UK office.

 

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 by Mr. Basil Omiyi,
Independent Chairman, on behalf of the entire Board of Seplat Energy PLC.

 

Signed:

 

 

Mr. Basil Omiyi

Board Chairman

 

  Enquiries:

 

 Basil Omiyi
 Edith Onwuchekwa, Director Legal/Company Secretary  +234 1 277 0400
 Emeka Onwuka, Chief Financial Officer
 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 (mailto: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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