6 Nov 2015 15:11
6 November 2015
SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC ("SEPLAT")
ANNOUNCEMENT OF VOTING RIGHTS AND ISSUED SHARE CAPITAL
The following announcement is being made in accordance with Rule 12.4 of the Nigerian Stock Exchange Amended Listing Rules and Rule 5.6.1A of the Financial Conduct Authority's Disclosure and Transparency Rules.
The issued share capital of Seplat has been increased by the issue of an additional 10,134,248 ordinary shares to Seplat's Long Term Incentive Plan. These shares have been formally listed on the Nigerian Stock Exchange.
Seplat's capital now consists of 563,444,561 ordinary shares of ₦0.50k each, all with voting rights.
Therefore, the figure of 563,444,561 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Seplat under the NSE Rules and the Financial Conduct Authority's Disclosure and Transparency Rules.
Enquiries:
SEPLAT | |
Roger Brown, CFO | +44 203 725 6500 |
Andrew Dymond, Head of Investor Relations | +44 203 725 6500 |
Chioma Nwachuku, GM - External Affairs and Communications | +234 12 770 400 |
FTI Consulting Ben Brewerton / Sara Powell / George Parker seplat@fticonsulting.com | +44 203 727 1000 |
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).
In July 2010, Seplat acquired a 45 percent participating interest in, and was appointed operator of, a portfolio of three onshore producing oil and gas leases in the Niger Delta (OMLs 4, 38 and 41), which includes the producing Oben, Ovhor, Sapele, Okporhuru, Amukpe and Orogho fields. Since acquisition, Seplat has more than tripled production from these OMLs.
In June 2013, Newton Energy Limited, a wholly-owned subsidiary of the Company, entered into an agreement with Pillar Oil Limited to acquire a 40 percent participating interest in the Umuseti/Igbuku marginal field area within OPL 283. In February 2015, Seplat completed the acquisition of a 40 percent operated working interest in OML 53 and a 22.5 percent operated effective working interest in OML 55, Onshore Nigeria.
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.
Seplat Energy (SEPL)