5 Aug 2019 11:34
USeplat Petroleum Development Company Plc ("Seplat" or the "Company")
AAnnouncement on Notification of Dealing in Shares by a PDMR
Lagos and London - 5 August 2019:
The Company was notified of the sale of 3,500,000 units of ordinary shares indirectly held by Dr. A.B.C Orjiako, the Chairman of the Company. Following the sale, Dr. Orjiako now holds a direct interest in 16,151,325 ordinary shares and an indirect interest in 26,300,000 ordinary shares of the Company totalling 42,451,325 shares which equates to a voting interest of 7.21% (based on Issued Share Capital of 588,444,561).
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:
Roger Brown, CFO +44 (0) 203 725 6500
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
| Dr. A.B.C. Orjiako | |||
2
| Reason for the notification
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a)
| Position/status
| Chairman | |||
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 | Shares (NGSEPLAT0008) | |||
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Identification code |
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b)
| Nature of the transaction
| Sale of shares registered in the name of Vitol Energy Limited held for the benefit of Shebah Petroleum Development Company Limited, which is an entity controlled by Dr. A.B.C. Orjiako and members of his family. | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 114.5p/share (Average Price) | 3,500,000 |
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d)
| Aggregated information |
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- Aggregated volume | 3,500,000 | ||||
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- Price | 114.5p/share (Average Price) | ||||
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e)
| Date of the transaction
| 1st August 2019 | |||
f)
| Place of the transaction
| London, United Kingdom | |||
Seplat Energy (SEPL)