Response to media reports

RNS Number : 4202S
Seplat Energy PLC
09 March 2023
 

 

 

 

Seplat Energy Plc

("Seplat Energy" or the "Company")

Response to media reports

 

Lagos and London - 9thMarch2023: Seplat EnergyPlchasbecomeaware of a news report following a letter regarding the residency status of itsChief Executive Officer ("CEO"), Mr. Roger Brown.

 

Seplat Energy wishes to refute the false allegations against Mr. Brown, which have been presented to the Ministry of Interior and the public by certain petitioners, and which have not been brought to the attention of Mr. Roger Brown or Seplat Energy for a reaction. The orchestrated media reports are clearly calculated to spread false information. Seplat Energy will be engaging with the Ministry to reject the impressions created by these allegations.

 

The Board believes that these allegations are a spurious and vindictive reaction to the enforcement of corporate governance standards in the Company by the Board of Seplat Energy. Over the past decade, Mr. Brown has earned an unblemished record of service and leadership in the Company. On 8th March 2023, the Board of Seplat Energy unanimously passed a vote of confidence in Mr. Brown, who continues to discharge his duties and responsibilities as CEO from the SEPLAT UK office.

 

This announcement is madepursuant to Rule 17.10 of theRulebook of the NigerianExchange, 2015 (Issuer'sRule).

 

Responsibility for publication

This announcement has been authorised for publication by Mr. Basil Omiyi, Independent Chairman, on behalf of the entire Board of Seplat Energy PLC.

 

Signed:

 

 

Mr. Basil Omiyi

Board Chairman

 

  Enquiries:

 

Basil Omiyi


Edith Onwuchekwa, Director Legal/Company Secretary

+234 1 277 0400

Emeka Onwuka, Chief FinancialOfficer


Chioma Nwachuku, Director External Affairs & Sustainability

Carl Franklin, Head of InvestorRelations

Ayeesha Aliyu, Investor Relations

 

 

 

FTI Consulting

Ben Brewerton / ChristopherLaing

+44 203727 1000

seplatenergy@fticonsulting.com

 

Citigroup GlobalMarketsLimited

Tom Reid / Luke Spells

+44 207986 4000

 

Investec Bank plc

Chris Sim / CharlesCraven / Jarrett Silver

+44 207597 4000

 

Notes to editors

Seplat Energy Plc is Nigeria's leadingindigenousenergycompany. It is listed on the NigerianExchangeLimited (NGX: SEPLAT) and the Main Market of the London StockExchange(LSE: SEPL).

Seplat Energy is pursuing a Nigeria-focusedgrowthstrategy through participation in asset divestmentsbyinternational oil companies, farm-in opportunities,andfuturelicensingrounds. The Company is a leadingsupplier of gas to the domestic power generation market. For further information please refer to the Company website,   http://seplatenergy.com/

 

 

 

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