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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 160.00 | 159.00 | 160.50 | 161.50 | 156.00 | 156.00 | 342,110 | 14:34:47 |
| 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 : 7559P
SEPLAT Petroleum Development Co PLC
21 November 2016
21 November, 2016
SEPLAT Petroleum Development Company Plc (the "Company")
Notification of Major Interests in Shares
On 17 November 2016, the Company was notified, pursuant to DTR 5.1.2R, that the transactions set out below occurred:
1. Following the sale of a portion of the shares registered in the name of Shebah Petroleum Development Company Limited actioned by Zenith Securities Limited in connection with the collateral agreement granted by Shebah Petroleum Development Company Limited to Zenith Bank plc which was previously notified by the Company on 27 May 2015, Dr. Ambrosie Bryant Chukwueloka Orjiako, who holds an indirect interest in the shares of Shebah Petroleum Development Company Limited and is the Chairman of the Company, now holds a combined direct and indirect interest in 77,962,680 ordinary shares in the Company representing approximately 13.84% of the voting rights of the Company's issued share capital.
2. Further details of the transaction are set out in the attached TR-1 (Notification of Major Interest in Shares).
3. This notification is made in accordance with DTR 5.8.12R(2).
Details of duly authorised officer of issuer responsible for making notification:
Hot Features
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Roger Brown, CFO +44 (0) 203 725 6500
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
-----------------------------------------------------------------------------------------------------
1. Identity of the issuer or SEPLAT Petroleum Development
the underlying issuer Company Plc
of existing shares to which
voting rights are
attached: (ii)
----------------------------------------------------------- ----------------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
-----------------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights X
--------------------------------------------------------------- ------------------------------------
An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
--------------------------------------------------------------- ------------------------------------
An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
--------------------------------------------------------------- ------------------------------------
An event changing the breakdown of voting rights
--------------------------------------------------------------- ------------------------------------
Other (please
specify):
---------------------------------------------------------- --- ------------------------------------
3. Full name of person(s) Dr. Ambrosie Bryant Chukwueloka
subject to the Orjiako
notification obligation:
(iii)
----------------------------------------------------------- ----------------------------------------
4. Full name of shareholder(s) Shebah Petroleum Development
(if different from 3.):(iv) Company Limited
----------------------------------------------------------- ----------------------------------------
5. Date of the transaction Notifier was informed of the
and date on transaction on which the threshold
which the threshold is was crossed on 7 November
crossed or 2016 (the transaction was
reached: (v) effected on 25 October 2016)
----------------------------------------------------------- ----------------------------------------
6. Date on which issuer 17 November 2016
notified:
----------------------------------------------------------- ----------------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 15%
----------------------------------------------------------- ----------------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
----------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- ------------------------------------ -----------------------------------------------------------------
Number Number Number Number of voting % of voting
of of of rights rights (x)
Shares Voting shares
Rights
------------- ----------------- ----------------- --------------- ------------------------- ---------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ------------- ------------- --------------- ---------- ------------- ---------- ---------
NGSEPLAT0008 85,614,413 85,614,413 877,501 877,501 77,085,179 0.16% 13.68%
----------------- ----------------- --------------- ---------- ------------- ---------- ---------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
----------------- --------------- ---------------------------------- ------------------------- -------------------
N/A
----------------- --------------- ---------------------------------- ------------------------- -------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
--------------- --------------- --------------- ----------------- ------------------------- ---------------------
N/A Nominal Delta
--------------- --------------- --------------- ----------------- ------------------------- ---------- ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
----------------------------------------------------- ---------------------------------------------------------------
77,962,680 13.84
----------------------------------------------------- ---------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
----------------------------------------------------------------------------------------------------------------------
Total disclosable direct and indirect holding for A.B.C.
Orjiako: 77,962,680 (13.84%)
Chain of control:
Of the 77,962,680 Ordinary Shares disclosable by A.B.C.
Orjiako, Shebah Petroleum Development Company Limited
(Shebah), which is an entity controlled by A.B.C. Orjiako
and members of his family, has beneficial ownership
rights in 64,485,179 Ordinary Shares, of which 18,500,000
Ordinary Shares are held by Vitol Energy (Bermuda) Limited
for the benefit of Shebah and 18,500,000 Ordinary Shares
are held by Constant Petroleum Limited for the benefit
of Shebah. 12,600,000 Ordinary Shares are held directly
by A.B.C. Orjiako's siblings and 877,501 Ordinary Shares
are held directly by A.B.C. Orjiako.
Proxy Voting:
----------------------------------------------------------------------------------------------------------------------
10. Name of the proxy holder: N/A
-------------------------------------------------------------------------------- ------------------------------------
11. Number of voting rights proxy N/A
holder will cease
to hold:
-------------------------------------------------------------------------------- ------------------------------------
12. Date on which proxy holder will N/A
cease to hold
voting rights:
-------------------------------------------------------------------------------- ------------------------------------
This disclosure has been
13. Additional information: calculated based on issued
share capital amount 563,444,561.
----------------------------------------------------- ---------------------------------------------------------------
14. Contact name: Winston & Strawn London LLP
(Ref: ZJA)
----------------------------------------------------- ---------------------------------------------------------------
15. Contact telephone number: +44 20 7011 8700
----------------------------------------------------- ---------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLUAUBRNWAAUAA
(END) Dow Jones Newswires
November 21, 2016 12:57 ET (17:57 GMT)
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