Last checked at 2 Sep 2019 07:00
Seplat Petroleum Development Company Plc
("Seplat" or the "Company")
Re: Newspaper Publications
Lagos and London, 30th August 2019: Seplat has been made aware of media publications on the issuance of an interim order by the Federal High Court, Abuja, against the Defendants (Shebah Exploration & Production Company Ltd., Allene Ltd. and Dr. A. B. C. Orjiako, (who is also the Chairman of the Board of Directors of Seplat) granting leave to the Plaintiff/Applicant (Asset Management Corporation of Nigeria (AMCON)) to foreclose on the assets of the Defendants.
As stated in the RNS dated 17th October 2018 of the same subject, Seplat is not a party to the litigation. The Company will continue to monitor the progress of this suit and would issue further communication on the matter as appropriate.
This announcement is being made by the Company in accordance with Rule 17.10, Rulebook of the Nigerian Stock Exchange, 2015 (Issuers' Rule).
**Ends**
Enquiries:
Seplat Petroleum Development Company Plc
Roger Brown, CFO +44 (0) 203 725 6500
Chioma Nwachuku, GM - External Affairs and Communications +234 (0) 1 277 0400
Edith Onwuchekwa, Co Sec/Chief Governance Compliance Officer +234 (0) 1 277 0400
FTI Consulting
Ben Brewerton / Sara Powell / Molly Stewart +44 (0) 203 727 1000
seplat@fticonsulting.com
Notes to editors
Seplat Petroleum Development Company Plc is a leading indigenous Nigerian oil and gas exploration and production company with a strategic focus on Nigeria, listed on the Main Market of the London Stock Exchange ("LSE") (LSE:SEPL) and Nigerian Stock Exchange ("NSE") (NSE:SEPLAT).
SEPLAT is pursuing a Nigeria focused growth strategy and is well-positioned to participate in future divestment programmes by the international oil companies, farm-in opportunities and future licensing rounds. For further information please refer to the Company website, http://seplatpetroleum.com/