Interim Orders Mareva Injunctions by Zenith Bank

RNS Number : 7873R
Seplat Energy PLC
09 November 2021
 

 

 

 

 

 

 

Seplat Energy Plc ("Seplat Energy" or the "Company")

 

Interim Orders of Mareva Injunctions granted in the court action by Zenith Bank PLC against Shebah Exploration & Production Company Limited and Others

 

Lagos and London - 9th November 2021 : Seplat Energy has been made aware of the ex parte Interim Orders of Mareva Injunctions which were granted by the Federal High Court sitting in Lagos, Nigeria in a court action instituted by Zenith Bank PLC against Shebah Exploration & Production Company Limited and 8 others, with an additional 29 cited parties.

 

The Interim Orders give an administrative mandate to Seplat Energy Plc and others not to deal with the assets of (or transfer funds to) Shebah Exploration & Production Company Limited, Shebah Petroleum Development Company Limited and Dr. A.B.C. Orjiako.  The order has no impact on the operations of Seplat Energy. We understand the injunction relates to loans made by Zenith Bank PLC to Shebah Exploration & Production Company Limited in 2014.

 

-  ENDS -

 

FOR: SEPLAT ENERGY PLC.

 

 

MRS. EDITH ONWUCHEKWA

DIRECTOR LEGAL/COMPANY SECRETARY

 

Enquiries:      

Seplat Energy Plc

 

Emeka Onwuka,   Chief Financial Officer 

Chioma Nwachuku,   Director, External Affairs and Communications 

Edith Onwuchekwa,   Company Secretary and Legal Director  

Carl Franklin,   Head of Investor Relations                                              +234 (01) 277 0400

FTI Consulting  Ben Brewerton / Tom Reynolds       +44 (0) 203 727 1000 seplat@fticonsulting.com

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCGIBDBXBGDGBC
UK 100

Latest directors dealings