Last checked at 19 Jun 2017 08:20
For immediate release:
19 June, 2017
SEPLAT Petroleum Development Company Plc (the "Company")
Notification of Major Interests in Shares
On 16 June 2017, the Company was notified, pursuant to DTR 5.1.2R, that the transactions set out below occurred:
1. Following the sale of a portion of the shares registered in the name of Shebah Petroleum Development Company Limited actioned by Zenith Securities Limited in connection with the collateral agreement granted by Shebah Petroleum Development Company Limited to Zenith Bank plc which was previously notified by the Company on 27 May 2015, Dr. Ambrosie Bryant Chukwueloka Orjiako, who holds an indirect interest in the shares of Shebah Petroleum Development Company Limited and is the Chairman of the Company, now holds a combined direct and indirect interest in 47,251,325 ordinary shares in the Company representing approximately 8.39% of the voting rights of the Company's issued share capital.
2. Further details of the transaction are set out in the attached TR-1 (Notification of Major Interest in Shares).
3. This notification is made in accordance with DTR 5.8.12R(2).
Details of duly authorised officer of issuer responsible for making notification:
Roger Brown, CFO +44 (0) 203 725 6500
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | SEPLAT Petroleum Development Company Plc | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | X | |||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | ||||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | ||||
An event changing the breakdown of voting rights | ||||
Other (please specify): | ||||
3. Full name of person(s) subject to thenotification obligation: iii | Dr. Ambrosie Bryant Chukwueloka Orjiako | |||
4. Full name of shareholder(s) (if different from 3.):iv | Shebah Petroleum Development Company Limited | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | Notifier was informed of the series of transactions as a result of which the threshold was crossed on 9 June, 2017 (the transactions were effected between 24 May 2017 and 9 June 2017) | |||
6. Date on which issuer notified: | 16 June 2017 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | 10% | |||
8. Notified details: | ||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | ||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||
NGSEPLAT0008 | 67,099,592 | 67,099,592 | 877,501 | 877,501 | 46,373,824 | 0.16% | 8.23% | |||||||
B: Qualifying Financial Instruments | ||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||
N/A | ||||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
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N/A |
| Nominal | Delta | |||||||||||
Total (A+B+C) | ||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||
47,251,325 | 8.39% | |||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||||||||||||||
Total disclosable direct and indirect holding for A.B.C. Orjiako: 47,251,325 (8.39%)
Chain of control:
Of the 47,251,325 Ordinary Shares disclosable by A.B.C. Orjiako, Shebah Petroleum Development Company Limited (Shebah), which is an entity controlled by A.B.C. Orjiako and members of his family, has beneficial ownership rights in 33,773,824 Ordinary Shares, of which 18,500,000 Ordinary Shares are held by Vitol Energy (Bermuda) Limited for the benefit of Shebah. 12,600,000 Ordinary Shares are held directly by A.B.C. Orjiako's siblings and 877,501 Ordinary Shares are held directly by A.B.C. Orjiako.
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Proxy Voting: | ||||||||||||||
10. Name of the proxy holder: | N/A | |||||||||||||
11. Number of voting rights proxy holder will ceaseto hold: | N/A | |||||||||||||
12. Date on which proxy holder will cease to holdvoting rights: | N/A | |||||||||||||
13. Additional information: | This disclosure has been calculated based on issued share capital amount 563,444,561. | |||||||||||||
14. Contact name: | Winston & Strawn London LLP (Ref: ZJA) | |||||||||||||
15. Contact telephone number: | +44 20 7011 8700 | |||||||||||||
Note: Annex should only be submitted to the FCA not the issuer | |
Annex: Notification of major interests in share | |
A: Identity of the persons or legal entity subject to the notification obligation | |
Full name (including legal form of legal entities)
| Dr. Ambrosie Bryant Chukwueloka Orjiako |
Contact address (registered office for legal entities)
| c/o Winston & Strawn London LLPCityPointOne Ropemaker StreetLondon EC2Y 9AWUnited Kingdom
FAO: Zoe Ashcroft
|
Phone number & email
| +44 20 7011 8700 zashcroft@winston.com
|
Other useful information (at least legal representative for legal persons)
| As above |
B: Identity of the notifier, if applicable | |
Full name
| |
Contact address
| |
Phone number & email
| |
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) | |
C: Additional information | |