Seplat Energy Share News (SEPL)

IN BRIEF: Seplat CEO's Nigerian immigration documents restored

Seplat Energy PLC - Lagos-based oil and gas firm with assets in Nigeria - Says the Nigerian Ministry of Interior & Immigration Service has restored Chief Executive Officer Roger Brown's working permit and key visas. Brown's immigration documents had been withdrawn by the ministry in March following allegations of "racism, discrimination and improper immigration status" by some Seplat workers and stakeholders. Says it has "cooperated fully" with the verification checks conducted by the immigration authorities. A lawsuit was filed on April 13 at the Federal High Court in Abuja against the company in relation to Brown's immigration status, but was withdrawn on April 20.

IN BRIEF: Seplat Energy extends Mobil Producing Nigeria purchase deal

Seplat Energy PLC - Lagos-based oil and gas firm with assets in Nigeria - Extends agreement to acquire Mobil Producing Nigeria Inc amid pending the resolution of legal proceedings and receipt of regulatory approvals, but "remains committed" to completing the acquisition. Says agreement has been revised so that in the event the transaction closes, Exxon Mobil Corp will share in a portion of the value of Mobil Producing Nigeria during the period of delay. The exact amount of this value will depend on "a number of factors", including the amount of oil produced and oil prices.

IN BRIEF: Seplat Energy to defend action against company officials

Seplat Energy PLC - oil and gas firm with assets in Nigeria - Notes reports that the Federal High Court sitting in Abuja has granted interim orders against the company and some of its officers. Points out the interim orders - which are yet to be served - primarily restrain the chair, named independent non-executive directors, chief operating officer and company secretary from operating or functioning as officers of Seplat Energy in any capacity.

UK shareholder meetings calendar - next 7 days

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

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

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:

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".

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".

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".

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.

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.

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.

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%.

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.

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: