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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.50 | -0.32% | 156.00 | 156.00 | 157.50 | 158.00 | 154.00 | 157.50 | 205,400 | 16:29:50 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil & Gas Field Services,nec | 696.87B | 54.58B | 92.7479 | 0.02 | 1.08B |
From May 2019 to May 2024
TIDMSEPL
RNS Number : 4146N
SEPLAT Petroleum Development Co PLC
08 May 2018
8 May 2018
Seplat Petroleum Development Company Plc
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
Seplat Petroleum Development Company Plc
2018 Share Awards granted under the 2014 Long-Term Incentive Plan ("LTIP")
Lagos and London, 8 May 2018: The following awards over ordinary shares of 0.5 Naira each ("Shares") of Seplat Petroleum Development Company Plc ("Seplat") were granted under the Seplat Petroleum Development Company Plc 2014 Long-Term Incentive Plan ("LTIP") to Executive Directors and other Senior Executives of the Company on 2 May 2018 as set out below
The awards will vest on 2 May 2021 being the third anniversary of the Award Date subject to relative TSR performance condition and reserves growth underpin.
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Name Position Number of Shares over
which the award is granted*
============== ===================== =============================
Chief Executive
Austin Avuru Officer 1,250,077
===================== =============================
Chief Financial
Roger Brown Officer 760,046
===================== =============================
Effiong Okon Operations Director 779,061
===================== =============================
* In line with the approach approved by the Remuneration Committee, the number of shares to be granted was calculated by dividing the monetary value of the salary multiple relevant for each PDMR by the higher of the average share price over Q1 2018 or GBP1. As the average share price over Q1 2018 was GBP1.29, the calculation has been performed based on this share price.
On 2 May 2018, the Company has also granted Deferred Share Awards in respect of the 2017 Annual Bonus Shares under the LTIP to Executive Directors of the Company as set out below.
Name Position Number of Shares over
which the award is granted*
============== ================= =============================
Chief Executive
Austin Avuru Officer 138,157
================= =============================
Chief Financial
Roger Brown Officer 55,673
================= =============================
* The number of shares awarded was calculated by reference to Seplat's closing share price on 29 December 2017 of GBP1.09.
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 December 2019 (two years following the end of the performance year in respect of which the Award is made) 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.
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 (a) the 2018 Annual LTIP Award and (b)
Deferred Share Award in respect of 2017 Annual
Bonus under the Seplat Petroleum Development Company
Plc 2014 Long-Term Incentive Plan
-------------------------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(a) Nil 1,250,077
---------- ----------
(b) Nil 138,157
---------- ----------
-------------------------------------------------------- ------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 1,388,234 ordinary shares of 0.5 Naira each
Nil consideration
-------------------------------------------------------- ------------------------------------------------------
e) Date of the transaction 2 May 2018
-------------------------------------------------------- ------------------------------------------------------
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 Ordinary Shares of Seplat Petroleum Development
instrument Company Plc of 0.5 Naira each
Identification code NGSEPLAT0008
-------------------------------------------------------- ------------------------------------------------------
b) Nature of the transaction Grant of (a) the 2018 Annual LTIP Award and (b)
Deferred Share Award in respect of 2017 Annual
Bonus under the Seplat Petroleum Development Company
Plc 2014 Long-Term Incentive Plan
-------------------------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(a) Nil 760,046
---------- ----------
(b) Nil 55,673
---------- ----------
-------------------------------------------------------- ------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 815,719 ordinary shares of 0.5 Naira each
Nil consideration
-------------------------------------------------------- ------------------------------------------------------
e) Date of the transaction 2 May 2018
-------------------------------------------------------- ------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- ------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Effiong Okon
-------------------------------------------------------- ------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
a) Position/status Operations Director
-------------------------------------------------------- ------------------------------------------------------
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 the 2018 Annual LTIP Award under the Seplat
Petroleum Development Company Plc 2014
Long-Term Incentive Plan
-------------------------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 779,061
-------------------------------------------------------- ------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 779,061 ordinary shares of 0.5 Naira each
Nil consideration
-------------------------------------------------------- ------------------------------------------------------
e) Date of the transaction 2 May 2018
-------------------------------------------------------- ------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- ------------------------------------------------------
Signed:
Dr. Mirian Kene Kachikwu
(Company Secretary)
Enquiries:
Seplat Petroleum Development
Company Plc
Dr. Mirian Kachikwu, General +234 1 277 0400 Ext
Counsel 1110
Ngozi Osuzoka (company secretariat) +234 1 277 0444 Ext
1108
FTI Consulting
Ben Brewerton / Sara Powell +44 (0) 203 727 1000
/ Molly Stewart seplat@fticonsulting.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBUGDUCSGBGII
(END) Dow Jones Newswires
May 08, 2018 11:52 ET (15:52 GMT)
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