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SEPL Seplat Energy Plc

162.00
2.50 (1.57%)
Last Updated: 11:30:02
Delayed by 15 minutes
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
  2.50 1.57% 162.00 163.00 165.00 162.50 161.00 161.00 57,576 11:30:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Services,nec 696.87B 54.58B 92.7479 0.02 953.28M

SEPLAT Petroleum Development Co PLC Holding(s) in Company (4416I)

19/06/2017 8:20am

UK Regulatory


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TIDMSEPL

RNS Number : 4416I

SEPLAT Petroleum Development Co PLC

19 June 2017

For immediate release:

19 June, 2017

SEPLAT Petroleum Development Company Plc (the "Company")

Notification of Major Interests in Shares

On 16 June 2017, 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 47,251,325 ordinary shares in the Company representing approximately 8.39% 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:

   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                                                     series of transactions as 
  which the threshold is                                       a result of which the threshold 
  crossed or                                                     was crossed on 9 June, 2017 
  reached: (v)                                                 (the transactions were effected 
                                                                  between 24 May 2017 and 9 
                                                                          June 2017) 
-----------------------------------------------------------  ---------------------------------- 
 6. Date on which issuer                                                16 June 2017 
  notified: 
-----------------------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                         10% 
-----------------------------------------------------------  ---------------------------------- 
 
 
 
 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   67,099,592         67,099,592         877,501          877,501     46,373,824     0.16%       8.23% 
               -----------------  -----------------  ---------------  ----------  -------------  ----------  --------- 
 
 
 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 
-----------------------------------------------------  --------------------------------------------------------------- 
 47,251,325                                             8.39% 
-----------------------------------------------------  --------------------------------------------------------------- 
 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: 47,251,325 (8.39%) 
 
                                                                                                     Chain of control: 
 
                                                               Of the 47,251,325 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 33,773,824 Ordinary Shares, of which 18,500,000 
                                                            Ordinary Shares are held by Vitol Energy (Bermuda) 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 
-----------------------------------------------------  --------------------------------------------------------------- 
 
 
 
 Note: Annex should only be submitted to the FCA not 
  the issuer 
 Annex: Notification of major interests in share 
 
 A: Identity of the persons or legal entity subject to 
  the notification obligation 
---------------------------------------------------------------------- 
 Full name                             Dr. Ambrosie Bryant Chukwueloka 
  (including legal form of              Orjiako 
  legal entities) 
------------------------------------  -------------------------------- 
 Contact address                       c/o Winston & Strawn London 
  (registered office for legal          LLP 
  entities)                             CityPoint 
                                        One Ropemaker Street 
                                        London EC2Y 9AW 
                                        United Kingdom 
 
                                        FAO: Zoe Ashcroft 
------------------------------------  -------------------------------- 
 Phone number & email                  +44 20 7011 8700 
                                        zashcroft@winston.com 
------------------------------------  -------------------------------- 
 Other useful information              As above 
  (at least legal representative 
  for legal persons) 
------------------------------------  -------------------------------- 
 
 B: Identity of the notifier, if applicable 
---------------------------------------------------------------------- 
 Full name 
------------------------------------  -------------------------------- 
 Contact address 
------------------------------------  -------------------------------- 
 Phone number & email 
------------------------------------  -------------------------------- 
 Other useful information 
  (e.g. functional relationship 
  with the person or legal 
  entity subject to the notification 
  obligation) 
------------------------------------  -------------------------------- 
 
 C: Additional information 
---------------------------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLUKABRBBANARR

(END) Dow Jones Newswires

June 19, 2017 03:20 ET (07:20 GMT)

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