Withdrawal/Discontinuance of Immigration Suit

RNS Number : 9385W

Seplat Energy PLC

20 April 2023

 

Seplat Energy Plc

("Seplat Energy" or the "Company")

Notice of Withdrawal/Discontinuance of Immigration Suit against Seplat Energy

and Its Directors

Lagos and London - 20 April 2023: Seplat Energy is pleased to announce that it has become aware of the Notice of Withdrawal/Discontinuance of the legal action that was previously instituted at the Federal High Court sitting in Abuja, by the Nigeria Immigration Service (acting for the Federal Government of Nigeria) against the Company and some of its Directors and Officers.

The Notice of Withdrawal/Discontinuance of the action dated 6 April 2023, was issued by the Director Legal Services of the Nigeria Immigration Service and stated in part that "the Claimant hereby discontinues all the proceedings in this charge against the above-named Defendants".

The Company continues to engage with the Ministry of Interior to bring closure to the false allegations presented to the Ministry as a result of which the residency status of its Chief Executive Officer was withdrawn.

The Company also refers to its Announcement of 6 April 2023 confirming that the Federal High Court sitting in Lagos had vacated the ex parte Interim Orders against Seplat, its CEO and its Board Chairman, including the orders that restrained the Chief Executive Officer, Mr. Roger Brown from participating in the running of the Company.

This announcement is made further to the Company's announcement of 13 March 2023 and pursuant to Rule 17.10 of th e Rulebook 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 Board of Seplat Energy PLC.

Signed:

Mr. Basil Omiyi CON

Board Chairman

  Enquiries:

Edith Onwuchekwa, Director Legal/Company Secretary	[phone]

FTI Consulting
Ben Brewerton / ChristopherLaing	[phone] [e-mail]
Citigroup GlobalMarketsLimited
Tom Reid / Luke Spells	[phone]
Investec Bank plc
Chris Sim / CharlesCraven / Jarrett Silver	[phone]

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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