Seplat Energy PLC

Major Shareholding Notification • Jun 19, 2017

National Storage Mechanism | Additional information

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

RNS Number : 4416I

SEPLAT Petroleum Development Co PLC

19 June 2017

For immediate release:

19 June, 2017

SEPLAT Petroleum Development Company Plc (the "Company")

Notification of Major Interests in Shares

On 16 June 2017, the Company was notified, pursuant to DTR 5.1.2R, that the transactions set out below occurred:

1.    Following the sale of a portion of the shares registered in the name of Shebah Petroleum Development Company Limited actioned by Zenith Securities Limited in connection with the collateral agreement granted by Shebah Petroleum Development Company Limited to Zenith Bank plc which was previously notified by the Company on 27 May 2015, Dr. Ambrosie Bryant Chukwueloka Orjiako, who holds an indirect interest in the shares of Shebah Petroleum Development Company Limited and is the Chairman of the Company, now holds a combined direct and indirect interest in 47,251,325 ordinary shares in the Company representing approximately 8.39% of the voting rights of the Company's issued share capital.

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

3.    This notification is made in accordance with DTR 5.8.12R(2).

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		Dr. Ambrosie Bryant Chukwueloka Orjiako
4. Full name of shareholder(s) (if different from 3.):iv		Shebah Petroleum Development Company Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v		Notifier was informed of the series of transactions as a result of which the threshold was crossed on 9 June, 2017 (the transactions were effected between 24 May 2017 and 9 June 2017)
6. Date on which issuer notified:		16 June 2017
7. Threshold(s) that is/are crossed or reached: vi, vii		10%

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	67,099,592			67,099,592			877,501		877,501		46,373,824	0.16%		8.23%
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
47,251,325								8.39%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Total disclosable direct and indirect holding for A.B.C. Orjiako: 47,251,325 (8.39%) Chain of control: Of the 47,251,325 Ordinary Shares disclosable by A.B.C. Orjiako, Shebah Petroleum Development Company Limited (Shebah), which is an entity controlled by A.B.C. Orjiako and members of his family, has beneficial ownership rights in 33,773,824 Ordinary Shares, of which 18,500,000 Ordinary Shares are held by Vitol Energy (Bermuda) Limited for the benefit of Shebah. 12,600,000 Ordinary Shares are held directly by A.B.C. Orjiako's siblings and 877,501 Ordinary Shares are held directly by A.B.C. Orjiako.
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 issued share capital amount 563,444,561.
14. Contact name:								Winston & Strawn London LLP (Ref: ZJA)
15. Contact telephone number:								+44 20 7011 8700

Note: Annex should only be submitted to the FCA not the issuer
Annex: Notification of major interests in share
A: Identity of the persons or legal entity subject to the notification obligation
Full name (including legal form of legal entities)	Dr. Ambrosie Bryant Chukwueloka Orjiako
Contact address (registered office for legal entities)	c/o Winston & Strawn London LLP CityPoint One Ropemaker Street London EC2Y 9AW United Kingdom FAO: Zoe Ashcroft
Phone number & email	+44 20 7011 8700 [email protected]
Other useful information (at least legal representative for legal persons)	As above
B: Identity of the notifier, if applicable
Full name
Contact address
Phone number & email
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)
C: Additional information

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLUKABRBBANARR