Last checked at 5 Sep 2019 11:52
USeplat Petroleum Development Company Plc ("Seplat" or the "Company")
Director/PDMR Shareholding
Lagos and London - 5 September 2019:
The Company received notification on 3 September 2019 of a transfer of 904,717 ordinary shares held directly by Austin Avuru, the CEO of the Company, to Professional Support Limited, an entity wholly controlled by Mr. Avuru.
The above transaction has not resulted in a change in beneficial ownership, which remains at 12.19% (Professional Support holds 31,068,211 shares (5.28%) and Platform Petroleum holds 40,659,695 shares (6.91%), based on the Issued Share Capital of 588,444,561). Mr. Avuru now holds nil direct interest and an indirect interest of 71,727,906 ordinary shares of N0.50k each of the Company.
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:
Edith Onwuchekwa, Co Sec/Chief Governance Compliance Officer +234 (0) 1 277 0400
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
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a)
| Name
| Ojunekwu Austin Avuru | |||
2
| Reason for the notification
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a)
| Position/status
| Chief Executive Officer | |||
b)
| Initial notification /Amendment
| Initial notification
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3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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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 financial instrument, type of instrument | Ordinary shares of N0.50k each (NGSEPLAT0008) | |||
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Identification code |
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b)
| Nature of the transaction
| Transfer of shares registered in the name of Mr. Ojunekwu Austin Avuru, the Chief Executive Officer of the Company to Professional Support Limited, an entity controlled by Mr. Avuru. | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| Nil | 904, 717 |
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d)
| Aggregated information |
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- Aggregated volume | 904,717 | ||||
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- Price | Nil | ||||
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e)
| Date of the transaction
| 15 July 2019 | |||
f)
| Place of the transaction
| London, United Kingdom | |||