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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Seplat Energy Plc | LSE:SEPL | London | Ordinary Share | NGSEPLAT0008 | ORD NGN0.50 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.00 | -1.25% | 158.00 | 158.00 | 160.00 | 158.00 | 156.00 | 156.00 | 30,576 | 08:56:58 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil & Gas Field Services,nec | 696.87B | 54.58B | 92.7479 | 0.02 | 941.51M |
From Apr 2019 to Apr 2024
TIDMSEPL
RNS Number : 5876B
SEPLAT Petroleum Development Co PLC
04 April 2017
Seplat Petroleum Development Company plc
4 April 2017
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
Seplat Petroleum Development Company plc
2017 Share Awards granted under the 2014 Long-Term Incentive Plan ("LTIP")
The following awards over ordinary shares of 0.5 Naira each ("Shares") of Seplat Petroleum Development Company plc ("Seplat") were granted under the LTIP to Executive Directors of the Company on 31th March 2017 as a deferred share award as set out below.
Hot Features
Premium
Name Position Number of Shares
over which award
granted *
=============== ================== ==================
Chief Executive
Austin Avuru Officer 106,709
=============== ================== ==================
Chief Operations
Stuart Connal Officer 59,096
=============== ================== ==================
Chief Financial
Roger Brown Officer 59,032
=============== ================== ==================
* The number of shares awarded was calculated by reference to Seplat's closing share price on 30 March 2017 of GBP0.7275
Under the Directors' Remuneration Policy approved by Seplat's shareholders at Seplat's 2015 Annual General Meeting, 25% of the directors' annual bonus paid for a financial year is deferred into an award over Shares and the Shares will normally be released on 31 March 2019 subject to continued employment in line with the LTIP rules and corporate governance best practice. No consideration was paid for the grant of these awards and no consideration is due on the vesting of awards.
As announced previously, Stuart Connal retired from his role as COO and executive director effective on 31 March 2017. In line with the provisions for cessation of employment under the approved Directors' Remuneration Policy and the rules of the LTIP, the award of Shares granted to him on 31 March 2017 relating to annual bonus for the year ending 31 December 2016 fully vested following Mr Connal's retirement. The vested shares will be released on the normal vesting date in line with Company's Directors' Remuneration Policy.
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.
1 Details of the person discharging managerial responsibilities/person closely associated
---- ----------------------------------------------------------------------------------------------------------------
a) Name Austin Avuru
---- -------------------------------------------------------- ------------------------------------------------------
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 Petroleum Development Company 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 Ordinary shares of Seplat Petroleum Development
instrument Company plc of 0.5 Naira each
Identification code
NGSEPLAT0008
---- -------------------------------------------------------- ------------------------------------------------------
b) Nature of the transaction Grant of conditional share award under the Seplat
Petroleum Development Company plc 2014 Long-Term
Incentive Plan
---- -------------------------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 106,709
---- -------------------------------------------------------- ------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 106,709 ordinary shares of 0.5 Naira each
Nil consideration
---- -------------------------------------------------------- ------------------------------------------------------
e) Date of the transaction 31 March 2017
---- -------------------------------------------------------- ------------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------------------------------------- ------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
---- ----------------------------------------------------------------------------------------------------------------
a) Name Stuart Connal
---- -------------------------------------------------------- ------------------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Operations 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 Petroleum Development Company 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 Ordinary shares of Seplat Petroleum Development
instrument Company plc of 0.5 Naira each
Identification code
NGSEPLAT0008
---- -------------------------------------------------------- ------------------------------------------------------
b) Nature of the transaction Grant of conditional share award under the Seplat
Petroleum Development Company plc 2014 Long-Term
Incentive Plan
---- -------------------------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 59,096
---- -------------------------------------------------------- ------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 59,096 ordinary shares of 0.5 Naira each
Nil consideration
---- -------------------------------------------------------- ------------------------------------------------------
e) Date of the transaction 31 March 2017
---- -------------------------------------------------------- ------------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------------------------------------- ------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
---- ----------------------------------------------------------------------------------------------------------------
a) Name Roger Brown
---- -------------------------------------------------------- ------------------------------------------------------
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 Petroleum Development Company 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 Share Options over Ordinary Shares of Seplat
instrument Petroleum Development Company plc of 0.5 Naira
each
Identification code
NGSEPLAT0008
---- -------------------------------------------------------- ------------------------------------------------------
b) Nature of the transaction Grant of nil-cost options under the Seplat Petroleum
Development Company plc 2014 Long-Term
Incentive Plan
---- -------------------------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 59,032
---- -------------------------------------------------------- ------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 59,032 options over ordinary shares of 0.5 Naira
each
Nil consideration
---- -------------------------------------------------------- ------------------------------------------------------
e) Date of the transaction 31 March 2017
---- -------------------------------------------------------- ------------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------------------------------------- ------------------------------------------------------
Enquiries:
Seplat Petroleum Development
Company Plc
Dr. Mirian Kachikwu, +234 1 277 0400
General Counsel Ext 1110
Ngozi Osuzoka (company +234 1 277 0444
secretariat) Ext 1108
FTI Consulting
Ben Brewerton / Sara +44 (0) 203 727
Powell / James Styles 1000
seplat@fticonsulting.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBLGDSXDGBGRS
(END) Dow Jones Newswires
April 04, 2017 12:26 ET (16:26 GMT)
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