Seplat Energy PLC

Declaration of Voting Results & Voting Rights Announcements • Apr 24, 2017

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RNS Number : 1438D

SEPLAT Petroleum Development Co PLC

24 April 2017

Seplat Petroleum Development Company plc

24 April 2017

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

Seplat Petroleum Development Company plc

2017 Share Awards granted under the 2014 Long-Term Incentive Plan ("LTIP")

The following awards over ordinary shares of 0.5 Naira each ("Shares") of Seplat Petroleum Development Company plc ("Seplat") were granted under the Seplat Petroleum Development Company plc 2014 Long-Term Incentive Plan ("LTIP") to Executive Directors of the Company on 20 April 2017 as set out below.

The awards will normally vest on 20 April 2020 being the third anniversary of the Award Date subject to relative TSR performance condition and reserves growth underpin.

Name	Position	Number of Shares over which award granted*
Austin Avuru	Chief Executive Officer	1,609,375
Roger Brown	Chief Financial Officer	978,500

* In line with the approach approved by the Remuneration Committee, the number of shares to be granted was calculated by dividing the monetary value of the salary multiple relevant for each PDMR by the higher of the average share price over Q1 2017 or £1. As the average share price over Q1 2017 was £0.72, the calculation has been performed based on £1 share price.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Austin Avuru

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

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

Identification code

Ordinary shares of Seplat Petroleum Development Company plc of 0.5 Naira each

NGSEPLAT0008

b)

Nature of the transaction

Grant of share award under the Seplat Petroleum Development Company plc 2014 Long-Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	1,609,375

d)

Aggregated information

-	Aggregated volume
-	Price

1,609,375 ordinary shares of 0.5 Naira each

Nil consideration

e)

Date of the transaction

20 April 2017

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Roger Brown

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

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

Identification code

Ordinary Shares of Seplat Petroleum Development Company plc of 0.5 Naira each

NGSEPLAT0008

b)

Nature of the transaction

Grant of share award under the Seplat Petroleum Development Company plc 2014 Long-Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	978,500

d)

Aggregated information

-	Aggregated volume
-	Price

978,500 ordinary shares of 0.5 Naira each

Nil consideration

e)

Date of the transaction

20 April 2017

f)

Place of the transaction

Outside a trading venue

Enquiries:

Seplat Petroleum Development Company Plc
Dr. Mirian Kachikwu, General Counsel                 Ngozi Osuzoka (company secretariat)	+234 1 277 0400 Ext 1110   +234 1 277 0400 Ext 1108
FTI Consulting
Ben Brewerton / Sara Powell / James Styles	+44 (0) 203 727 1000 [email protected]

This information is provided by RNS

The company news service from the London Stock Exchange

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