Seplat Energy Plc
("Seplat Energy" or the "Company")
Response to media reports
Lagos and London - 11 August 2022: Seplat Energy has become aware of a news report that Ministerial Approval of the Company's proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited ("MPNU") has been withdrawn.
Seplat Energy has received no official notification of such a decision and is seeking clarification from the relevant authorities. We will continue to work with all parties to achieve a successful outcome to the proposed acquisition and will provide an update in due course.
This announcement is made pursuant to Rule 17.10 of the Rulebook of the Nigerian Exchange, 2015 (Issuer's Rule).
Responsibility for publication
This announcement has been authorised for publication on behalf of Seplat Energy by Emeka Onwuka, Chief Financial Officer, Seplat Energy Plc.
Signed:
Emeka Onwuka
Chief Financial Officer
Enquiries:
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Seplat Energy Plc |
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Emeka Onwuka, Chief Financial Officer |
+234 1 277 0400 |
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Edith Onwuchekwa, Director Legal/Company Secretary Chioma Nwachuku, Director External Affairs & Sustainability Carl Franklin, Head of Investor Relations |
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Ayeesha Aliyu, Investor Relations |
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FTI Consulting |
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Ben Brewerton / Christopher Laing |
+44 203 727 1000 seplatenergy@fticonsulting.com |
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Citigroup Global Markets Limited |
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Tom Reid / Luke Spells |
+44 207 986 4000 |
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Investec Bank plc |
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Chris Sim / Charles Craven / Jarrett Silver |
+44 207 597 4000 |
Notes to editors
Seplat Energy Plc is Nigeria's leading indigenous energy company. It is listed on the Nigerian Exchange Limited (NGX: SEPLAT) and the Main Market of the London Stock Exchange (LSE: SEPL).
Seplat Energy is pursuing a Nigeria-focused growth strategy through participation in asset divestments by international oil companies, farm-in opportunities, and future licensing rounds. The Company is a leading supplier of gas to the domestic power generation market. For further information please refer to the Company website, http://seplatenergy.com/