Seplat Power Plc has introduced to the general public and the NGX that its Chief Government Officer and Government Director, Mr. Roger Brown, has acquired 50,000 extraordinary shares within the firm.
This data was disclosed on the NGX on March 12, 2025, and signed by the corporate secretary, Mrs. Edith Onwuchekwa.
With this latest buy price about N285 million, Mr. Brown now holds a complete of 4,203,776 shares, growing his voting curiosity within the firm.
In response to the disclosure, this stake represents roughly 0.7144% of the full voting curiosity, primarily based on the issued share capital of 588,444,561 shares.
The announcement confirms that this transaction complies with the related rules, stating:
‘’This notification is made in accordance with Rule 17.15(c) Disclosure of Dealings in Issuers’ Shares, Rulebook of the Alternate, 2015 (Issuers’ Rule), and Article 19(3) of the UK Market Abuse Laws.’’
Within the latest previous years, SEPLAT has maintained an upward development on the Nigerian Inventory Alternate.
Seplat Power Plc lately reported an 11% improve in complete manufacturing following the acquisition of Mobil Producing Nigeria Limitless (MPNU), which has now been renamed Seplat Power Producing Nigeria Limitless (SEPNU).
Following the acquisition, Seplat’s independently audited 2P reserves elevated by 85% to 886 million barrels of oil equal (MMboe), up from 478 MMboe in 2023.
The corporate’s complete 2P+2C reserves additionally rose by 125% to 1,217 MMboe.
Seplat Power’s Chief Government Officer, Roger Brown, famous that 2024 was a big yr for the corporate, significantly as a result of SEPNU acquisition. “Along with progressing our present onshore initiatives, we accomplished the acquisition of SEPNU, which provides scale and potential for progress.”
