Results of the Thirteenth Annual General Meeting

Seplat Energy PLC

21 May 2026

 

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

Results of the Thirteenth Annual General Meeting

Lagos and London, 21 May 2026: Seplat Energy PLC announces that at its Annual General Meeting held virtually via https://www.seplatenergy.com/agm-2026/ yesterday, Wednesday, 20 May 2026, all resolutions set out in the Notice of the Annual General Meeting put to the Shareholders were duly passed by the requisite majority.

The results of each resolution voted by way of poll, including proxy votes lodged with the Company's Registrars, are set out below:

		Votes FOR		Votes AGAINST		Votes WITHHELD/ ABSTAIN	Total Votes Cast (excluding Votes Withheld/ Abstain)
	RESOLUTIONS	Number of shares	% of shares voted	Number of shares	% of shares voted	Number of shareholders	Number of shares For & Against	% of ISC
1.	Resolution 1:  To receive the Audited Financial Statements of the Company for the year ended 31 December 2025, together with the Reports of the Directors, Auditors and the Statutory Audit Committee thereon.	411,674,708	99.99%	600	0.00%	4	411,675,308	68.62%
2.	Resolution 2: To declare a final dividend recommended by the Board of Directors of the Company in respect of the financial year ended 31 December 2025.	412,229,157	99.99%	758	0.00%	1	412,229,915	68.71%
3.	Resolution 3: To re-appoint PriceWaterhouseCoopers ("PWC") as Auditors of the Company from the conclusion of this meeting until the conclusion of the next general meeting of the Company at which the Company's Annual Accounts are laid.	Noted by Shareholders
4.	Resolution 4: To authorise the Board of Directors of the Company to determine the Auditors' remuneration.	410,140,634	99.99%	2,471	0.00%	14	410,143,105	68.36%
5.	Resolution 5: To elect/re-elect the following Directors:
	5(a)(i): To approve the appointment of Mr. Larry Ettah as an Independent Non-Executive Director of the Company;	409,988,054	99.97%	133,758	0.03%	20	410,121,812	68.36%
	5(a)(ii): To approve the appointment of Mr. Tony Elumelu as a Non-Executive Director of the Company;	409,843,811	99.96%	170,799	0.04%	9	410,014,610	68.34%
	5(b)(i): To re-elect Mr. Udoma Udo Udoma as an Independent Non-Executive Director of the Company;	410,128,990	99.99%	600	0.00%	7	410,129,590	68.36%
	5(b)(ii): To re-elect Mr. Christopher Okeke as an Independent Non-Executive Director of the Company.	409,981,008	99.99%	20,588	0.01%	16	410,001,596	68.34%
6.	Resolution 6: To disclose the remuneration of managers of the Company. (Please see note 6).	Noted by Shareholders
7.	Resolution 7: To elect the shareholder representatives of the Statutory Audit Committee (Please see note 7).	As there were only three (3) shareholder nominees for the three (3) available positions, the shareholder representatives of the Statutory Audit Committee were deemed duly elected. Accordingly, the members of the Statutory Audit Committee, comprising three (3) shareholder representatives and two (2) Board-nominated representatives, were approved as follows: (a) Mr. Abayomi Adeyemi (Shareholder Representative); (b) Mrs. Hauwa Umar (Shareholder Representative); (c) Mr. Nornah Awoh (Shareholder Representative); (d) Mrs. Bashirat Odunewu (Board Representative); and (e) Mr. Kazeem Raimi (Board Representative).
8.	Resolution 8: To approve the Remuneration Section of the Directors' Remuneration Report set out in the Annual Report and Accounts for the year ended 31 December 2025 (including the forward-looking Remuneration Policy).	411,431,771	99.99%	622	0.00%	11	411,432,393	68.58%

Notes:

1.      Further to the signing into law of the Business Facilitation (Miscellaneous Provisions) Act 2022, which allows public companies to hold meetings electronically, this AGM was held virtually. The virtual meeting link for the AGM is https://www.seplatenergy.com/agm-2026/. The virtual meeting is available on the Company's website at www.seplatenergy.com.

2.      In accordance with the Company's articles of association, on a poll every member present in person or by proxy has one vote for every share held. There were no restrictions on shareholders to cast votes on any of the resolutions proposed at the AGM.

3.      A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" any resolution nor in the calculation of the proportion of "Percentage of ISC voted" for any resolution.

4.      The percentage of votes "For" and "Against" any resolution is expressed as a percentage of votes validly cast for that resolution.

5.      In accordance with Section 401 of CAMA, 2020, the retiring Auditor shall be re-appointed without passing a resolution.

6.      In accordance with Section 257 of CAMA 2020, full details on the compensation of managers of the Company, set out on page 95 of the 2025 Annual Report was disclosed to the members at the Annual General Meeting.

7.      In accordance with Section 404(3) to (6) of the Nigerian Companies and Allied Matters Act (CAMA) 2020, the Statutory Audit Committee is required to comprise five (5) members, being three (3) shareholder representatives and two (2) non-executive directors. As there were only three (3) shareholder nominees for the three available positions, the shareholder representative members of the Statutory Audit Committee were deemed duly elected, as the number of nominees did not exceed the available positions.

8.      The Issued Share Capital ("ISC") at the time of the Annual General Meeting was 599,944,561 shares denominated in Naira of 50 kobo per share.  The proportion of "Percentage of ISC voted" for any resolution is the total of votes "For" and "Against" in respect of that resolution expressed as a percentage of the ISC.

9.      In accordance with LR 9.6.2, copies of the relevant ordinary resolutions passed at the meeting have been submitted to the FCA's National Storage Mechanism and will shortly be available to view at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The full text of the resolutions passed at the Annual General Meeting can be found in the Notice of Annual General Meeting, which is available for inspection at the National Storage Mechanism and also on the Company's website at http://www.seplatenergy.com.

- Ends -

Mrs. Edith Onwuchekwa

Director, Legal/Company Secretary

FOR: SEPLAT ENERGY PLC.

Enquiries

Seplat Energy Plc	[phone]
Eleanor Adaralegbe, Chief Financial Officer Edith Onwuchekwa, Director Legal /Company Secretary James Thompson, Head of Investor Relations
Chioma Afe, Director, External Affairs and Social Performance
FTI Consulting
Ben Brewerton / Chris Laing	[phone]
	[e-mail]

About Seplat Energy

Seplat Energy Plc is Nigeria's leading indigenous energy company. It is listed on the Premium Board of the Nigerian Exchange Limited (NGX: SEPLAT) and the Main Market of the London Stock Exchange (LSE: SEPL). Through our strategy to build a sustainable business and deliver energy transition, we are transforming lives by delivering affordable, reliable and sustainable energy that drives social and economic prosperity.

Seplat Energy's portfolio consists of 11 PMLs, 17 PPLs and 5 OMLs in onshore and shallow water locations in the prolific Niger Delta region of Nigeria, which we operate with partners including the Nigerian Government and other producers. Furthermore, we have an operated interest in three export terminals including; the Qua Iboe export terminal, Yoho FSO, and Bonny River Terminal (BRT), and operate two large offshore NGL recovery plants at Oso and EAP.

We operate three gas processing plants onshore, at Oben and Sapele on our Western Assets and the 300 MMscfd ANOH Gas Processing Plant on our Eastern Assets, an integrated joint venture with NGIC. Combined, these gas facilities augment Seplat Energy's position as a leading supplier of natural gas to the domestic power generation market.

For further information please refer to our website, https://www.seplatenergy.com/.

 

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