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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% | 148.00 | 147.00 | 148.00 | 152.00 | 147.00 | 150.00 | 204,908 | 16:35:06 |
| 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 Apr 2022 to Apr 2024
TIDMSEPL
RNS Number : 6120N
Seplat Energy PLC
01 June 2022
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
Seplat Energy PLC ("Seplat" or "Company")
Share Awards granted under the Seplat Energy PLC 2014 Long Term Incentive Plan ("LTIP")
Lagos and London - 1 June 2022: The following awards ("LTIP Awards") over ordinary shares of 0.5 Naira each ("Shares") of Seplat were granted under the LTIP to Executive Directors of the Company on 30 May 2022 (the "Award Date") as set out below using the average share price over the 5-day period prior to the date of grant. For the avoidance of doubt, as referenced in the 14 March 2022 RNS announcement, the LTIP awards are granted in respect of the 2022 financial year.
Vesting of the LTIP Awards is dependent on the achievement of stretching relative and absolute Total Shareholder Return ("TSR") performance targets, an overall assessment of corporate performance through an underpin and continued employment over a three-year performance period which began on 1 January 2022. The LTIP Awards will be subject to a two-year post vesting holding period. Full details of the vesting conditions of these LTIP Awards will be set out in the Director's Remuneration Report included in the Company's 2022 Annual Report.
Hot Features
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Name Position Total Number of Shares
over which the award is
granted*
Roger Brown Chief Executive Officer 1,733,345
------------------------- -------------------------
Emeka Onwuka Chief Financial Officer 1,086,294
------------------------- -------------------------
Effiong Okon Operations Director 1,107,707
------------------------- -------------------------
* In line with the Directors' Remuneration Policy, the number of Shares to be awarded was calculated by dividing the monetary value of the salary multiple relevant for each Executive Director by the five-day average share price, prior to the date on which the LTIP Awards were granted (i.e. GBP1.175).
The Remuneration Committee retains discretion to make adjustments to the LTIP Awards vesting level and amounts payable resulting from the application of the performance measures if it considers that the outcomes are not a fair and accurate reflection of corporate performance.
No consideration was paid for the grant of the above LTIP Awards and no consideration is due on the vesting of the LTIP 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 Roger Brown
---------------------------------------------- -----------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------
a) Position / status Chief Executive Officer
---------------------------------------------- -----------------------------------------
b) Initial notification Initial notification
/ Amendment
---------------------------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------
a) Name Seplat Energy 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 Ordinary shares of Seplat Energy PLC
financial instrument, of 0.5 Naira each
type of instrument
Identification code
NGSEPLAT0008
---------------------------------------------- -----------------------------------------
b) Nature of the transaction Grant of nil-cost option in respect
of the 2022 LTIP Award
---------------------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 1,733,345
---------- ----------
---------------------------------------------- -----------------------------------------
d) Aggregated information - Aggregated volume
- Price 1,733,345 ordinary shares of 0.5 Naira
------------------ each
Nil consideration
---------------------------------------------- -----------------------------------------
e) Date of the transaction 30 May 2022
---------------------------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Emeka Onwuka
---------------------------------------------- -----------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
---------------------------------------------- -----------------------------------------
b) Initial notification Initial notification
/ Amendment
---------------------------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------
a) Name Seplat Energy 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 Ordinary shares of Seplat Energy PLC
financial instrument, of 0.5 Naira each
type of instrument
Identification code
NGSEPLAT0008
---------------------------------------------- -----------------------------------------
b) Nature of the transaction Grant of the 2022 LTIP Award
---------------------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 1,086,294
---------- ----------
---------------------------------------------- -----------------------------------------
d) Aggregated information - Aggregated volume
- Price 1,086,294 ordinary shares of 0.5 Naira
------------------ each
Nil consideration
---------------------------------------------- -----------------------------------------
e) Date of the transaction 30 May 2022
---------------------------------------------- -----------------------------------------
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 Energy 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 Ordinary shares of Seplat Energy PLC
financial instrument, of 0.5 Naira each
type of instrument
Identification code
NGSEPLAT0008
---------------------------------------------- -----------------------------------------
b) Nature of the transaction Grant of the 2022 LTIP Award
---------------------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 1,107,707
---------- ----------
---------------------------------------------- -----------------------------------------
d) Aggregated information - Aggregated volume
- Price 1,107,707 ordinary shares of 0.5 Naira
------------------ each
Nil consideration
---------------------------------------------- -----------------------------------------
e) Date of the transaction 30 May 2022
---------------------------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------------------- -----------------------------------------
Enquiries:
Seplat Energy PLC
Edith Onwuchekwa, Company +234 1 277 0400 Ext
Secretary 1110
Ngozi Osuzoka (Company secretariat) +234 1 277 0444 Ext
1108
--------------------------
FTI Consulting
--------------------------
Ben Brewerton / Christopher +44 (0) 203 727 1000
Laing seplat@fticonsulting.com
--------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
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(END) Dow Jones Newswires
June 01, 2022 09:30 ET (13:30 GMT)
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