Seplat Energy Chairman, Mr. Udoma, acquires additional shares, boosts stake in the company 

The transaction was disclosed in a Directors’ Dealing Notification published on the Nigerian Exchange Group (NGX) portal on December 19, 2024, and signed by the company secretary, Mrs. Edith Onwuchekwa.

Following the purchase, Mr. Udoma now owns 55,071 shares in Seplat Energy, representing a voting interest of approximately 0.00935% based on the company’s total issued shares of 588,444,561.

The disclosure states:  

‘’The Company was notified of the purchase of 32,500 ordinary shares by Mr. Udoma Udo Udoma, the Chairman of the Board of Directors of the Company.’’ 

In continuation: “Following this purchase, Mr. Udoma Udo Udoma now holds 55,071 shares in the Company, which equates to a voting interest of 0.00935% based on the issued shares of 588,444,561.”

The disclosure aligns with Rule 17.15(c) of the NGX Rulebook, 2015 (Issuers’ Rules), and Article 19(3) of the UK Market Abuse Regulations, fulfilling regulatory requirements for transactions involving directors and key management personnel.

Seplat Energy has recorded significant movements in the Nigerian stock market, achieving a year-to-date gain of 146.8% as of December 2024.

On the London Stock Exchange, Seplat has also seen gains, with a year-to-date increase of 61.3% and a current share price of £197, reflecting steady investor interest.