The formal disclosure was made by Mrs. Edith Onwuchekwa, Director, Legal/Company Secretary in line with the policy of the exchanges on insider dealing.
The disclosure made in a communication to the NGX yesterday indicated that the shares were bought on March 11th 2025 at 169.79 pounds per share.
Following this purchase, Mr Roger Brown now holds 4,203,776 shares in the Company, which equates to a voting interest of approximately 0.7144% based on the issued shares of 588,444,561.
The notification, according to the announcement was made in accordance with 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
There are reports that dealings by insiders are corporate actions which the listed companies are required by the exchange to disclose as part of transparency and compliance measures.
Seplat is a Nigeria’s leading independent energy company listed on both the Nigeria and London Exchanges.
The firm recently released its annual report for the year ended December 2024, closing the year at N5,700 per share and a market capitalisation of N3.35 trillion; an increase of 147% gain as against the previous year.
It has also earmarked between $260 million and $320 million for capital expenditure on delivering 13 new oil and gas wells and other projects in 2025.
