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RNS Number : 9765T
Seplat Petroleum Development Co PLC
30 March 2021
 

  

 

USeplat Petroleum Development Company Plc ("SEPLAT" or the "Company")

Announcement on Notification of Dealing in Shares by a PDMR

 

Lagos and London - March 30, 2021:  The Company received a notification on March 26, 2021 of a transfer of 19,760,794 ordinary shares held by Platform Petroleum Limited (an entity in which Mr. Austin Avuru has an equity interest) to various beneficiaries who are Shareholders of Platform Petroleum Limited and they are therefore no longer considered to be connected persons. Amongst these beneficiaries, Professional Support Limited (an entity wholly controlled by Mr. Avuru), received a total of 7,422,770 ordinary shares.

 

Following these transfers, Platform Petroleum now holds 318,738 shares (0.05%), and Professional Support holds 48,649,952 shares (8.26%) of the Company's Issued Share Capital of 588,444,561. Consequently, Mr. Avuru now holds nil direct interest and an indirect interest of 48,968,690 ordinary shares (8.32%) of N0.50k in the Company.

 

Further details of the transaction are set out in the attached Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them.

 

This notification is made in accordance with Rule 12 of the Amendments to the Listing Rules of the Nigerian Stock Exchange and Article 19 of the EU Market Abuse Regulations.

 

 

Mrs. Edith Onwuchekwa

Director, Legal/Company Secretary

FOR: SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC.

 

 

Details of duly authorised officer of issuer responsible for making notification:

 

Edith Onwuchekwa, Director, Legal/Company Secretary      +234 (0) 1 277 0400

 

  

 

Form for Notification and Public Disclosure of Transactions By Persons Discharging Managerial Responsibilities And Persons Closely Associated With Them:

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Ojunekwu Austin Avuru

2

 

Reason for the notification

 

a)

 

Position/status

 

Non-Executive Director

b)

 

Initial notification /Amendment

 

Initial notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Seplat Petroleum Development Company Plc

b)

 

LEI

 

029200711C4S4CB2E982

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

Ordinary shares of N0.50k each (NGSEPLAT0008)

 

 

Identification code

 

 

 

b)

 

Nature of the transaction

 

 

Transfer of shares registered in the name of Platform Petroleum Limited to Professional Support Limited, an entity wholly controlled by Mr. Avuru.

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

Nil

7, 422,770

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

7,422,770

 

 

- Price

Nil

 

 

e)

 

Date of the transaction

 

March 7, 2021

f)

 

Place of the transaction

 

Lagos, Nigeria and London UK

 

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