Seplat CEO acquires 50,000 additional shares

The Chief Executive Officer and Executive Director of Seplat Energy Plc, Roger Brown, has acquired 50,000 additional ordinary shares in the company.

This was disclosed in a notice filed on the Nigeria Exchange Limited on Thursday.

Following this transaction, Brown now holds 4,203,776 shares, representing 0.7144 per cent of the company’s total issued shares of 588,444,561.

Confirming the purchase, Seplat Energy’s Director of Legal and Company Secretary, Mrs. Edith Onwuchekwa, stated, “This notification is made by Rule 17.15(c) Disclosure of Dealings in Issuers’ Shares, Rulebook of The Exchange, 2015 (Issuers’ Rule) and Article 19(3) of the UK Market Abuse Regulations.”

The PUNCH reported that Seplat Energy Plc has announced the launch of a $650m senior notes offering due in 2030 as part of its broader debt refinancing strategy aimed at optimising its financial position and reducing debt costs.

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