REG - Seplat Energy PLC - Withdrawal/Discontinuance of Immigration Suit

Seplat EnergyAnnouncement

20/04/2023 12:15

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RNS Number : 9385W  Seplat Energy PLC  20 April 2023

 

 

 

 

 

Seplat Energy Plc

("Seplat Energy" or the "Company")

 

Notice of Withdrawal/Discontinuance of Immigration Suit against Seplat Energy

and Its Directors

 

 

Lagos and London - 20 April 2023: Seplat Energy is pleased to announce that it
has become aware of the Notice of Withdrawal/Discontinuance of the legal
action that was previously instituted at the Federal High Court sitting in
Abuja, by the Nigeria Immigration Service (acting for the Federal Government
of Nigeria) against the Company and some of its Directors and Officers.

 

The Notice of Withdrawal/Discontinuance of the action dated 6 April 2023, was
issued by the Director Legal Services of the Nigeria Immigration Service and
stated in part that "the Claimant hereby discontinues all the proceedings in
this charge against the above-named Defendants".

 

The Company continues to engage with the Ministry of Interior to bring closure
to the false allegations presented to the Ministry as a result of which the
residency status of its Chief Executive Officer was withdrawn.

 

The Company also refers to its Announcement of 6 April 2023 confirming that
the Federal High Court sitting in Lagos had vacated the ex parte Interim
Orders against Seplat, its CEO and its Board Chairman, including the orders
that restrained the Chief Executive Officer, Mr. Roger Brown from
participating in the running of the Company.

 

 

This announcement is made further to the Company's announcement of 13 March
2023 and 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 Board of Seplat Energy PLC.

 

Signed:

Mr. Basil Omiyi CON

Board Chairman

 

  Enquiries:

 

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

 

 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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