We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | 160.00 | 162.00 | 162.50 | 161.00 | 161.00 | 16,325 | 09:54:12 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil & Gas Field Services,nec | 696.87B | 54.58B | 92.7479 | 0.02 | 956.22M |
TIDMSEPL
RNS Number : 4652Z
Seplat Energy PLC
15 May 2023
Seplat Energy Plc
("Seplat Energy" or the "Company")
Court of Appeal of Nigeria (Abuja Division) suspends enforcement of Interim Court Orders against Seplat and its Officers
Lagos and London - 15 May 2023: Seplat Energy is pleased to announce that, today, the Court of Appeal of Nigeria, sitting in Abuja, suspended the ex parte Interim Orders granted on 11 May 2023 by the Hon. Justice I.E. Ekwo of the Federal High Court, Abuja in suit number FHC/ABJ/CS/626/2023 - Juliet Gbaka & 2 others v. Seplat Energy Plc & 13 others, and served on the Company on 12 May 2023. The Court subsequently adjourned pending applications to 30 May 2023 for hearing.
As previously announced, the Interim Orders were made pursuant to a petition which was the third in a series of duplicative petitions filed by minority shareholders between March and April 2023. The Interim Orders primarily restrained the Board Chairman, named Independent Non-Executive Directors, the Chief Operating Officer and the Company Secretary from operating or functioning as officers of Seplat Energy in any capacity, or otherwise conducting the affairs of the Company, and directed the Securities & Exchange Commission to appoint suitable persons to run the affairs of the Company.
Seplat Energy remains confident that the courts will appropriately address the frivolous litigations brought by a combination of 13 minority shareholders holding less than 800 shares out of 589 million shares (or 0.0001% of the Company's issued shares).
This announcement is made pursuant to Rule 17.10 of th e Rulebook of the Nigerian Exchange, 2015 (Issuer's Rule).
Responsibility for publication
This announcement has been authorised for publication by Mr. Basil Omiyi, Independent Chairman, on behalf of the entire Board of Seplat Energy PLC.
Signed:
Mr. Basil Omiyi CON
Board Chairman
Enquiries:
Edith Onwuchekwa, Director Legal/Company +234 1 277 0400 Secretary FTI Consulting Ben Brewerton / Christopher Laing +44 203 727 1000 seplatenergy@fticonsulting.com ====================================== ============================================================ Citigroup Global Markets Limited Tom Reid / Luke Spells +44 207 986 4000 ====================================== ============================================================ Investec Bank plc Chris Sim / Charles Craven / Jarrett +44 207 597 4000 Silver ====================================== ============================================================
Notes to editors
Seplat Energy Plc is Nigeria's leading indigenous energy company. It is listed on the Nigerian Exchange Limited (NGX: SEPLAT) and the Main Market of the London Stock Exchange (LSE: SEPL).
Seplat Energy is pursuing a Nigeria-focused growth strategy through participation in asset divestments by international oil companies, farm-in opportunities, and future licensing rounds. The Company is a leading supplier of gas to the domestic power generation market. For further information please refer to the Company
website, http://seplatenergy.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
MSCSFLFLIEDSEDI
(END) Dow Jones Newswires
May 15, 2023 10:36 ET (14:36 GMT)
1 Year Seplat Energy Chart |
1 Month Seplat Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions