Seplat Energy PLC

Major Shareholding Notification • Mar 9, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 3132H

SEPLAT Petroleum Development Co PLC

09 March 2018

Seplat Petroleum Development Company Plc ("Seplat" or the "Company")

Announcement on Notification of Share Dealings by PDMRs

Lagos and London - 9 March 2018: On 6 March 2018, the Company was notified, pursuant to Rule 12 of the Amendments to the Listing Rules of the Nigerian Stock Exchange and Article 19 of the UK Market Abuse Regulations, that the transactions set out below occurred:

1.    The purchase of 10,000 ordinary shares of the Company by Mr. Michael Alexander, a Senior Independent Non-Executive Director of the Company. Mr. Alexander now has a direct holding of 20,000 ordinary shares and indirect holding of 95,238 ordinary shares of Seplat Petroleum Development Company Plc through Lexican Consulting Limited.

2.    Following the sale of a portion of the shares registered in the name of Dr. Charles Okeahalam, an Independent Non-Executive Director of the Company, who held a direct interest in 597,238 ordinary shares of Seplat Petroleum Development Company Plc representing approximately 0.10% of the voting rights of the Company's issued share capital, Dr. Okeahalam now holds a direct interest in 495,238 ordinary shares in the Company.

Further details of the transactions are set out in the attached TR-1 forms (Notification of Major Interest in Shares). 

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 UK Market Abuse Regulations.

Dr. Mirian Kene Kachikwu

Company Secretary

FOR: SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC.

Details of duly authorised officer of issuer responsible for making notification:

Roger Brown, CFO                                                        +44 (0) 203 725 6500

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii												Seplat Petroleum Development Company Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights																	X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii									Mr. Michael Richard Alexander
4. Full name of shareholder(s)  (if different from 3.):iv									Same as above
5. Date of the transaction: v									5th March 2018
6. Place of Issue      Date on which issuer notified:									London, UK 6th March 2018
7. Threshold(s) that is/are crossed or reached: vi, vii									N/A
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction							Resulting situation after the triggering transaction
Number of Shares				Number of Voting Rights			Number of shares			Number of voting rights			% of voting rights x
Direct			Direct xi		Indirect xii	Direct		Indirect
NGSEPLAT0008	105,238				105,238			20,000			20,000		95,238	0.003%		0.016%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument				Expiration date xiii		Exercise/ Conversion Period xiv						Number of voting rights that may be acquired if the instrument is exercised/ converted.			% of voting rights
N/A
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price			Expiration date xvii		Exercise/ Conversion period xviii				Number of voting rights instrument refers to			% of voting rights xix, xx
N/A														Nominal			Delta
Total (A+B+C)
Number of voting rights										Percentage of voting rights
115,238										0.019%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
N/A
Proxy Voting:
10. Name of the proxy holder:													N/A
11. Number of voting rights proxy holder will cease to hold:													N/A
12. Date on which proxy holder will cease to hold voting rights:													N/A
13. Additional information:										This disclosure has been calculated based on the issued share capital of 588,444,561.
14. Contact name:										M. R. Alexander
15. Contact telephone number:										+44 7739 479500

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii												Seplat Petroleum Development Company Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights																	X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii									Dr. Charles C. Okeahalam
4. Full name of shareholder(s)  (if different from 3.):iv									Same as above
5. Date of the transaction: v									5th March 2018
6. Place of Issue      Date on which issuer notified:									Lagos, Nigeria 6th March 2018
7. Threshold(s) that is/are crossed or reached: vi, vii									N/A
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction							Resulting situation after the triggering transaction
Number of Shares				Number of Voting Rights			Number of shares			Number of voting rights			% of voting rights x
Direct			Direct xi		Indirect xii	Direct		Indirect
NGSEPLAT0008	597,238				597,238			495,238			495,238			0.08%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument				Expiration date xiii		Exercise/ Conversion Period xiv						Number of voting rights that may be acquired if the instrument is exercised/ converted.			% of voting rights
N/A
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price			Expiration date xvii		Exercise/ Conversion period xviii				Number of voting rights instrument refers to			% of voting rights xix, xx
N/A														Nominal			Delta
Total (A+B+C)
Number of voting rights										Percentage of voting rights
495,238										0.08%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
N/A
Proxy Voting:
10. Name of the proxy holder:													N/A
11. Number of voting rights proxy holder will cease to hold:													N/A
12. Date on which proxy holder will cease to hold voting rights:													N/A
13. Additional information:										This disclosure has been calculated based on the issued share capital of 588,444,561.
14. Contact name:										Charles Okeahalam
15. Contact telephone number:										+27 11 728 5343

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHEASDNEELPEFF