Last checked at 9 Mar 2023 07:00
Seplat Energy Plc
("Seplat Energy" or the "Company")
Response to media reports
Lagos and London - 9th March 2023: Seplat Energy Plc has become aware of a news report following a letter regarding the residency status of its Chief Executive Officer ("CEO"), Mr. Roger Brown.
Seplat Energy wishes to refute the false allegations against Mr. Brown, which have been presented to the Ministry of Interior and the public by certain petitioners, and which have not been brought to the attention of Mr. Roger Brown or Seplat Energy for a reaction. The orchestrated media reports are clearly calculated to spread false information. Seplat Energy will be engaging with the Ministry to reject the impressions created by these allegations.
The Board believes that these allegations are a spurious and vindictive reaction to the enforcement of corporate governance standards in the Company by the Board of Seplat Energy. Over the past decade, Mr. Brown has earned an unblemished record of service and leadership in the Company. On 8th March 2023, the Board of Seplat Energy unanimously passed a vote of confidence in Mr. Brown, who continues to discharge his duties and responsibilities as CEO from the SEPLAT UK office.
This announcement is made pursuant to Rule 17.10 of the Rulebook of the Nigerian Exchange, 2015 (Issuer's Rule).
Responsibility for publication
This announcement has been authorised for publication by Mr. Basil Omiyi, Independent Chairman, on behalf of the entire Board of Seplat Energy PLC.
Signed:
Mr. Basil Omiyi
Board Chairman
Enquiries:
Basil Omiyi | |
Edith Onwuchekwa, Director Legal/Company Secretary | +234 1 277 0400 |
Emeka Onwuka, Chief Financial Officer | |
Chioma Nwachuku, Director External Affairs & Sustainability Carl Franklin, Head of Investor Relations | |
Ayeesha Aliyu, Investor Relations | |
FTI Consulting | |
Ben Brewerton / Christopher Laing | +44 203 727 1000 seplatenergy@fticonsulting.com |
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Citigroup Global Markets Limited | |
Tom Reid / Luke Spells | +44 207 986 4000 |
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Investec Bank plc | |
Chris Sim / Charles Craven / Jarrett Silver | +44 207 597 4000 |
Notes to editors
Seplat Energy Plc is Nigeria's leading indigenous energy company. It is listed on the Nigerian Exchange Limited (NGX: SEPLAT) and the Main Market of the London Stock Exchange (LSE: SEPL).
Seplat Energy is pursuing a Nigeria-focused growth strategy through participation in asset divestments by international oil companies, farm-in opportunities, and future licensing rounds. The Company is a leading supplier of gas to the domestic power generation market. For further information please refer to the Company website, http://seplatenergy.com/