SEPLAT Petroleum Development Co PLC Director/PDMR Shareholding (9121H)

TIDMSEPL

RNS Number : 9121H

SEPLAT Petroleum Development Co PLC

05 August 2019

USeplat Petroleum Development Company Plc ("Seplat" or the "Company")

AAnnouncement on Notification of Dealing in Shares by a PDMR

Lagos and London - 5 August 2019:

The Company was notified of the sale of 3,500,000 units of ordinary shares indirectly held by Dr. A.B.C Orjiako, the Chairman of the Company. Following the sale, Dr. Orjiako now holds a direct interest in 16,151,325 ordinary shares and an indirect interest in 26,300,000 ordinary shares of the Company totalling 42,451,325 shares which equates to a voting interest of 7.21% (based on Issued Share Capital of 588,444,561).

Further details of the transaction are set out in the attached Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them.

This notification is made in accordance with Rule 12 of the Amendments to the Listing Rules of the Nigerian Stock Exchange and Article 19 of the EU Market Abuse Regulations.

Details of duly authorised officer of issuer responsible for making notification:

   Roger Brown, CFO                                                        [phone] 

Form for Notification and Public Disclosure of Transactions By Persons Discharging Managerial Responsibilities And Persons Closely Associated With Them:

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                               Dr. A.B.C. Orjiako 
      ---------------------------------  ------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                    Chairman 
      ---------------------------------  ------------------------------------------- 
 b)    Initial notification               Initial notification 
        /Amendment 
      ---------------------------------  ------------------------------------------- 
 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                 Shares (NGSEPLAT0008) 
        financial instrument, 
        type of instrument 
 
       Identification code 
 
 b)    Nature of the transaction          Sale of shares registered in the 
                                           name of Vitol Energy Limited held 
                                           for the benefit of Shebah Petroleum 
                                           Development Company Limited, which 
                                           is an entity controlled by Dr. A.B.C. 
                                           Orjiako and members of his family. 
      ---------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
                                         -------------------------  -------------- 
                                          Price(s)                   Volume(s) 
                                         -------------------------  -------------- 
                                           114.5p/share 
                                            (Average Price)          3,500,000 
                                         -------------------------  -------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                     3,500,000 
 
  - Price                                 114.5p/share (Average Price) 
 
 e)    Date of the transaction            1(st) August 2019 
      ---------------------------------  ------------------------------------------- 
 f)    Place of the transaction           London, United Kingdom 
      ---------------------------------  ------------------------------------------- 
 

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 [e-mail] or visit www.rns.com.

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August 05, 2019 06:34 ET (10:34 GMT)