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Pin to quick picksSeplat Energy Share News (SEPL)

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Share Price: 159.50
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TRADING UPDATES: Ashoka WhiteOak holds IPO; Fox Marble agrees takeover

Fri, 28th Apr 2023 20:59

(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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Ince Group PLC - law and professional services firm - Says administrator Quantum Advisory Ltd sold its business and assets to Axiom DWFM Ltd. Quantum Advisory was appointed as administrator to Ince, Ince Consulting Holdings Ltd, Ince Gordon Dadds Services Ltd, Ince Gordon Dadds Holdings LLP and Ince Gordon Dadds LLP by the Court in mid-April.

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Seplat Energy PLC -- Says Federal High Court in Abuja, Nigeria strikes out criminal charge against firm. Notes charge was brought by Nigeria Immigration Service but later withdrawn. On Tuesday, Chair Basil Omiyi said he will resign in May and the company added it is looking to "strengthen its governance". This was after the legal action against the immigration status of Chief Executive Officer Roger Brown was withdrawn by the Nigeria Immigration Service a week earlier. The lawsuit had been filed against the company and some of its directors and officers, calling for the withdrawal of Brown's immigration visa.

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Ashoka WhiteOak Emerging Markets Trust PLC - investment trust focused on global emerging markets - Raises GBP30.5 million via initial public offering on London Stock Exchange. Non-Executive Chair Martin Shenfield says: "The investment companies IPO market has been dormant since late 2021 and as such we are pleased to introduce the first listed equities-focused investment trust in almost five years to the premium segment of the main market of the London Stock Exchange. We believe this was only achievable with a world class Investment Adviser in WhiteOak, in addition to AWEM's innovative and shareholder friendly fee structure and differentiated investment approach. The board looks forward to working constructively with the WhiteOak team to deliver returns to our shareholders and materially scaling the company."

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Pearson PLC - London-based education publisher - Says 46% of votes at annual general meeting reject motion backing director remuneration policy. Says it undertook extensive shareholder consultation over last year ahead of policy. Says it will continue to engage actively with shareholders to understand views.

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Panther Metals PLC - Canada and Australia-focused mineral exploration company - Raises AUD3.0 million, or GBP1.6 million, from Australian rights issue in a follow-on placement. Says it will issue 30.4 million shares and 60.8 million options at exercise prices of AUD0.15 and AUD0.20 each respectively. Says new funds to be used for drilling campaigns.

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Semper Fortis Esports PLC - London-based professional e-sports team operator - Raises GBP100,000 from subscription of 100.0 million new shares at a price of 0.1p each. Says it has GBP500,000 in cash and is seeking reverse takeover transaction. Says: "The board believes that the company is an attractive acquisition vehicle and is therefore exploring a number of options to acquire another business."

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Pennpetro Energy PLC - Oil and gas company focusing on production and development in Gonzales County, Texas - Changes financial year end-date to March 31 from December 31 with immediate effect. Says this is to align itself with the annual reporting tax year in the UK, alongside the commencement of production operations in Gonzales County, Texas.

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Fox Marble Holdings PLC - Requests trading of its shares to resume after agreeing GBP30 million acquisition of Eco Buildings Group Ltd via reverse takeover. Shares were suspended in mid-April, pending either the publication of an admission document or until negotiations were terminated. An admission document has now been published. Also raises GBP2.7 million via placing to provide growth finance and working capital for the enlarged group. Fox Marble Chair Andrew Allner says: "We are very pleased to announce the completion of this acquisition which represents a new strategic opportunity for the company and its stakeholders. I would also like to thank the existing Fox shareholders for their patience while this acquisition was carried out to a successful conclusion as well as the staff and advisors for all their hard work. As a board we believe that this enlarged company with its two operating units of Eco Buildings and Fox Marble will benefit all those participating and look forward to announcing further news in the near future."

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Revolution Beauty Group PLC - beauty products retailer - Expects to publish 2022 results sometime in May, noting its audit continues and is now "in its final stages". This is alongside publications of its unaudited interim financial statements for the six month period that ended August 31, to be published shortly after the 2022 results. Says it will continue to work with its nominated adviser towards the suspension of trading in its shares as soon as possible following the publication of the interim financial statements.

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Dolphin Capital Investors Ltd - real estate investment company focused on the residential resorts sector in emerging markets - Enters third loan agreement with its shareholders worth around EUR2.0 million in aggregate. Two of the loans amounting to EUR350,000 have now been advanced to Dolphin Capital, while the other has yet to be funded. Says the loans each have identical terms and are for a 12-month term with a 12% interest rate per year. Says no fees are payable on disbursement or repayment. Says it intends to repay the loans from the proceeds of selling company assets. If the loans have not been repaid within six months of initiations, says collateral in the form of security over certain company assets will be put in place which would exceed the aggregate value of the loans.

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By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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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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11 Jul 2022 19:15

TRADING UPDATES: BlueRock hit by extreme weather; Harbour drills well

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

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30 Jun 2022 21:38

EXECUTIVE CHANGES: SDI hires former Ultra Electronics CFO as new CFO

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

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19 May 2022 18:18

IN BRIEF: Seplat appoints new chair; Mobil Producing buy blocked

Seplat Energy PLC - Lagos-based energy company focused on Nigeria - Appoints Basil Omiyi as non-executive chair with immediate effect, following internal and external search processes.

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16 May 2022 16:46

Seplat Energy's retiring Chair Orjiako in talks about future role

(Alliance News) - Seplat Energy on Monday said it is in talks with its departing chair regarding a future role with the Nigeria-based energy supplier.

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11 May 2022 16:07

UK shareholder meetings calendar - next 7 days

Thursday 12 May 
Alfa Financial Software Holdings PLCAGM
Anglo Pacific Group PLCAGM
Baillie Gifford Shin Nippon PLCAGM
Balfour Beatty PLCAGM
BP PLCAGM
Bridgepoint Group PLCAGM
Cineworld Group PLCAGM
Circassia Group PLCAGM
ContourGlobal PLCAGM
ConvaTec Group PLCAGM
Empresaria Group PLCAGM
Eurocell PLCAGM
FBD Holdings PLCAGM
Genel Energy PLCAGM
Gresham House PLCAGM
Gym Group PLCAGM
Hiscox LtdAGM
Howden Joinery Group PLCAGM
Lloyds Banking Group PLCAGM
Logistics Development Group PLCAGM
Luceco PLCAGM
Michelmersh Brick Holdings PLCAGM
OSB Group PLCAGM
Quilter PLCGM re capital return proposal
Quilter PLCAGM
Quilter PLCGM re B share return
Rolls-Royce Holdings PLCAGM
Schiehallion Fund LtdAGM
Secure Trust Bank PLCAGM
Serinus Energy PLCAGM
Shefa Gems LTDAGM
SIG PLCAGM
Unbound Group PLCAGM
Unite Group PLCAGM
Friday 13 May 
Derwent London PLCAGM
Gresham House Energy Storage Fund PLCGM re amendments to investment policy
Metro Bank PLCAGM
TT Electronics PLCAGM
Vulcan Industries PLCAGM
Wheaton Precious Metals CorpAGM
Monday 16 May 
88 Energy LtdAGM
Allianz Technology Trust PLCAGM
Blackbird PLCAGM
BSF Enterprise PLCGM
Crossword Cybersecurity PLCAGM
DigitalBox PLCAGM
Ethernity Networks LtdAGM
Jubilee Metals Group PLCGM - re right of directors to allot equity securities for cash
Mast Energy Developments PLCAGM
Metal Tiger PLCAGM
Tuesday 17 May 
Accesso Technology Group PLCAGM
Capital & Regional PLCAGM
Chaarat Gold Holdings LtdAGM
Chesnara PLCAGM
Equals Group PLCAGM
European Assets Trust PLCAGM
Fidelity Japan Trust PLCAGM
Fintel PLCAGM
Fresnillo PLCAGM
GCP Asset Backed Income Fund LtdAGM
GENinCode PLCFull Year Results
Greggs PLCAGM
IQGeo Group PLCAGM
Kefi Gold & Copper PLCGM re share placing
Mears Group PLCAGM
Mercantile Investment Trust PLCAGM
Vitec Group PLCAGM
Vivo Energy PLCAGM
Wednesday 18 May  
ABCAM PLCAGM
abrdn PLCAGM in Edinburgh
Alliance Pharma PLCAGM
Burford Capital LtdAGM
Coats Group PLCAGM
CVC Credit Partners European Opportunities LtdAGM
EKF Diagnostics Holdings PLCAGM
Highcroft Investments PLCAGM
Impax Environmental Markets PLCAGM
JPMorgan American Investment Trust PLCAGM
Keller Group PLCAGM
LMS Capital PLCAGM
Merchants Trust PLCAGM
PensionBee Group PLCAGM
Permanent TSB Group Holdings PLCAGM
PYX Resources LtdAGM
Riverstone Credit Opportunities Income PLCAGM
Schroder UK Public Private Trust PLCAGM
Science Group PLCAGM
Seplat Energy PLCAGM
TI Fluid Systems PLCAGM
Vesuvius PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
28 Apr 2022 16:50

IN BRIEF: Seplat Energy triples profit in 2022 on higher oil prices

Seplat Energy PLC - Lagos-based energy company focused on Nigeria - Reports a pretax profit of USD83.4 million in the first quarter of 2022, nearly triple the previous year's figure of USD28.0 million. Crude oil revenue was 74% higher at USD216.2 million, up from USD124.1 million. This reflected higher average realised oil prices in the quarter, Seplat explains. Gas revenue fell by 9.7% to USD25.6 million from USD28.4 million due to lower gas volumes and lower customer offtake. Production stoppages in February and March also contributed to lower gas revenue.

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8 Apr 2022 21:08

DIRECTOR DEALINGS: Taseko Mines director buys shares worth USD293,000

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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7 Mar 2022 20:46

IN BRIEF: Seplat Energy says deal with Exxon Mobil not terminated

Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Responds to newspaper report pertaining to shallow water assets in Nigeria, saying that its sale and purchase agreement with US oil major Exxon Mobil Corp has not been terminated. This follows newspaper and social media reports that the Nigerian National Petroleum Company Ltd had exercised a right of pre-emption under the NNPC/Mobil Producing Nigeria Unlimited joint operating agreement. Says MPNU, is not a party to the sale and purchaseand continues to hold its interests, rights and obligations under the NNPC/MPNU JOA.

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1 Mar 2022 16:27

EARNINGS REPORTS: Dalata hotels narrows loss and moves into Europe

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

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25 Feb 2022 20:12

TRADING UPDATES: Tintra faces sale delay; Seplat makes acquisition

(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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29 Nov 2021 21:59

TRADING UPDATES: Seplat Energy eyes Exxon asset; Zenith inks contract

TRADING UPDATES: Seplat Energy eyes Exxon asset; Zenith inks contract

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17 Nov 2021 21:22

IN BRIEF: Seplat Energy Chair Orjiako to step down at AGM

IN BRIEF: Seplat Energy Chair Orjiako to step down at AGM

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12 Nov 2021 19:13

IN BRIEF: Seplat Energy Non-Executive Rolet to leave role

IN BRIEF: Seplat Energy Non-Executive Rolet to leave role

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9 Nov 2021 21:49

IN BRIEF: Seplat Energy notes Shebah's injunction in Nigeria

IN BRIEF: Seplat Energy notes Shebah's injunction in Nigeria

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