Seplat Energy CEO Roger Brown acquires 50,000 ordinary shares worth N285 million, reveals total stake and voting interest

This information was disclosed on the NGX on March 12, 2025, and signed by the company secretary, Mrs. Edith Onwuchekwa.

With this recent purchase worth about N285 million, Mr. Brown now holds a total of 4,203,776 shares, increasing his voting interest in the company.

According to the disclosure, this stake represents approximately 0.7144% of the total voting interest, based on the issued share capital of 588,444,561 shares.

The announcement confirms that this transaction complies with the relevant regulations, stating:

‘’This notification is 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.’’

In the recent past years, SEPLAT  has maintained an upward trend on the Nigerian Stock Exchange.

Seplat Energy Plc recently reported an 11% increase in total production following the acquisition of Mobil Producing Nigeria Unlimited (MPNU), which has now been renamed Seplat Energy Producing Nigeria Unlimited (SEPNU).

Following the acquisition, Seplat’s independently audited 2P reserves increased by 85% to 886 million barrels of oil equivalent (MMboe), up from 478 MMboe in 2023.

The company’s total 2P+2C reserves also rose by 125% to 1,217 MMboe.

Seplat Energy’s Chief Executive Officer, Roger Brown, noted that 2024 was a significant year for the company, particularly due to the SEPNU acquisition. “In addition to progressing our existing onshore projects, we completed the acquisition of SEPNU, which adds scale and potential for growth.”