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Pin to quick picksSeplat Energy Share News (SEPL)

Share Price Information for Seplat Energy (SEPL)

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Share Price: 156.00
Bid: 156.00
Ask: 157.50
Change: -0.50 (-0.32%)
Spread: 1.50 (0.962%)
Open: 157.50
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EXECUTIVE CHANGES: Eland Oil founder now Vaalco CEO; Dialight CFO out

Mon, 12th Apr 2021 16:15

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News:

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Wizz Air Holdings PLC - Budapest-based central and eastern Europe-focused budget airline - Hires Anthony Radev as independent non-executive director, starting Tuesday and replacing Barry Eccleston. Radev is president of Corvinus University at Budapest. He also is on the boards of MOL Hungarian Oil & Gas PLC, the Hungary Football Federation, and DSK bank in Bulgaria. Until 2013, Radev was a senior partner at consultants McKinsey & Co.

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Vaalco Energy Inc - Houston-based operator of Etame Marin block offshore Gabon - Moves Non-Executive Director George Maxwell to chief executive officer, starting Monday. Maxwell, who has been director since June of last year, will remain on the board. He replaces Cary Bounds, who leaves the company on "to pursue other interests", having been in post since 2016. Maxwell founded former London listing Eland Oil & Gas PLC and helped run the company until it was sold in 2019 to Nigeria's Seplat Petroleum Development Co PLC. Vaalco says it plans to continue to focus on exploration and production in West Africa, combining cash flow from existing resources with growth opportunities via acquisition. Following Vaalco's dual listing on the London Stock Exchange, it intends to open a business development office in London and recruit a London-based chief financial officer. Maxwell will split his time between Houston and London.

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Dialight PLC - London-based industrial LED lighting - Wai Kuen steps down as chief financial officer and as executive director to relocate to Singapore for personal reasons. Dialight will start search for a successor, and Wai Kuen will help with transition.

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nmcn PLC - Nottinghamshire-based engineering and construction - Says Lee Marks will join as CEO on May 17. nmcn had announced Marks's hire back in January. He joins from NB Bailey Ltd, an engineering and services firm where he has been commercial director since 2013.

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Atalaya Mining PLC - Cyprus-based copper producer - Damon Barber steps down as non-executive director immediately. Barber has served on the board since 2015 as the representative of shareholder Liberty Metals & Mining Holding LLC, which retains the right to appoint a director as long as its stake remains above 10%. Liberty raised its stake in Atalaya to 14.5% in a share placing back in 2017.

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Cellular Goods PLC - London-based consumer products based on biosynthetic cannabinoids - Hires Istok Nahtigal as head of Process & Applied Sciences, focused on cannabinoid supply chain and relationships with manufacturing partners. Also hires Amanda Pape and Melissa Santolini for product development team as senior quality assurance manager and lead project manager, respectively. Contracts two consultants to advise on the development of pet care and skincare ranges: Caroline Queen for pet care and Antony Buck for skincare. Queen was senior business development director for Vet Partners Ltd, and Buck created the REN Skincare brand.

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City of London Group PLC - financial services for UK small and medium enterprises - Says subsidiary Recognise Bank hires Damian Trussler as head of Savings & Payments, to lead the launch of the bank's personal savings products. Trussler joins from Nationwide Building Society, where he was senior manager for Product & Proposition within the Business Savings division.

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Diaceutics PLC - Belfast-based diagnostic commercialisation firm - Hires Yvanka Gilliam as vice president for Asia Pacific. Gilliam joins from Kantar Health, where she was a senior client partner for Real World Evidence.

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FastForward Innovations Ltd - investor in life sciences and technology businesses, particularly in medical cannabis - Hires Alfredo Pascual as vice president of Investment Analysis. Pascual has worked in the cannabis space since 2016, FastForward says, and will focus on sourcing investment opportunities in the European medical cannabis industry.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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27 Apr 2023 15:56

TRADING UPDATES: Naked Wines optimistic; Hotel Chocolat warns on sales

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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25 Apr 2023 12:24

Seplat Energy chair to resign and firm eyes improved governance

(Alliance News) - Seplat Energy PLC on Tuesday said its Chair Basil Omiyi will resign in May and the company added it is looking to "strengthen its governance".

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20 Apr 2023 15:30

IN BRIEF: Lawsuit against Seplat Energy's chief executive withdrawn

Seplat Energy PLC - Lagos, Nigeria-based energy supplier - Says legal action against the immigration status of Chief Executive Officer Roger Brown has been withdrawn by the Nigeria Immigration Service, acting for the Nigerian government. Says it continues to engage with the Nigerian interior ministry to "bring closure to the false allegations presented to the ministry".

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13 Apr 2023 11:01

IN BRIEF: Seplat Energy notes lawsuit against CEO's immigration status

Seplat Energy PLC - Lagos-based energy supplier - Notes that a lawsuit has being filed against the company and some of its directors and officers by the Nigeria Immigration Service. The lawsuit is in relation to the immigration status of Chief Executive Roger Brown and the withdrawal of his immigration visa. Seplat says it is confident that it has provided all the required documentation to the Nigerian government and is confident the judicial process will address the circumstances "appropriately".

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6 Apr 2023 14:15

IN BRIEF: Seplat Energy notes Lagos court reversal on chief executive

Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Says High Court in Lagos, Nigeria vacates interim court order against Chief Executive Officer Roger Brown. The case has been adjourned to May 16 to continue hearing, allowing Brown to run the company again. In March, Seplat reported Brown had been barred from running the company for seven days, amid accusations of racism. Says the company maintains the petition filed by 5 persons claiming to be minority shareholders "lacks proper basis" and is premised on false allegations. Says it remains confident that the judicial process will address the circumstances appropriately and continues to engage the Nigerian interior ministry.

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10 Mar 2023 11:48

Seplat Energy CEO Brown suspended for 7 days amid racism allegations

(Alliance News) - Seplat Energy PLC on Friday said that its Chief Executive Officer Roger Brown has been barred from running the company for seven days, amid accusations of racism.

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9 Mar 2023 11:14

Seplat Energy backs CEO Roger Brown amid racism allegations

(Alliance News) - Seplat Energy PLC on Thursday backed its Chief Executive Officer Roger Brown, following reports that his Nigerian visa has been revoked due to racism allegations.

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28 Feb 2023 12:20

Seplat Energy achieves rise in yearly revenue and profit; ups dividend

(Alliance News) - Seplat Energy PLC on Tuesday reported double-digit increases in both revenue and profit for 2022 as it lifted its dividend by 50%.

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27 Oct 2022 12:02

IN BRIEF: Seplat posts improved performance thanks to higher oil price

Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - In the nine months to September 30, says revenue rises 34% year-on-year to USD618.6 million from USD460.4 million. Pretax profit leaps 90% to USD185.2 million from USD97.4 million. Volumes lifted falls 11% to 4.9 million barrels of oil/gas from 5.5 million, but the average realised oil price rises 61% to USD108.25. Average realised gas price dips 2.1% to USD2.80. Declares quarterly dividend of 2.5 cents, unchanged from a year before, and brings total for the year-to-date to 7.5 cents.

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30 Sep 2022 13:42

TRADING UPDATES: Insig and RA International sign new contracts

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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11 Aug 2022 12:57

IN BRIEF: Seplat unaware Mobil Producing Nigeria deal called off

Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Notes it receives no notification of the proposed acquisition of Mobil Producing Nigeria Unlimited having ministerial approval withdrawn.

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10 Aug 2022 17:57

IN BRIEF: Seplat denies reports of Exxon deal approval "impropriety"

Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Says it has become aware of news and social media reports "alleging impropriety" in the process of securing ministerial consent for Mobil Producing Nigeria Unlimited deal. "Such reports are wholly untrue and the company will pursue legal action against any parties involved in disseminating false information related to its business," it says.

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8 Aug 2022 17:57

IN BRIEF: Seplat gets ministerial approval for Exxon Mobil deal

Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Receives letter from minister of state for petroleum resources that Muhammadu Buhari, president of Nigeria, has approved that ministerial consent be granted to Seplat Energy Offshore Ltd's USD1.28 billion acquisition of Mobil Producing Nigeria Unlimited from Exxon Mobil Corp.

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1 Aug 2022 11:04

IN BRIEF: Seplat Energy commissions Amukpe-Escravos pipeline

Seplat Energy PLC - Lagos-based energy company focused on Nigeria - Begins the commercial injection of crude oil through its new Amukpe-Escravos pipeline. The 67 kilometre pipeline is expected to provide a "more reliable and secure" export route for liquids from Seplat Energy's major assets OML 4, 38 and 41, connecting them with the Chevron Corp-operated Escravos terminal. It has a capacity of 160,000 barrels of oil per day, of which the Seplat Energy and NPDC joint venture is entitled to inject 35,000 bbl/day. Adds that dewatering was completed on Friday.

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28 Jul 2022 14:30

EARNINGS UPDATES: Forterra profits from housing; Metro loss narrows

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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