seplat ownership structure

According to sources at Seplat, this singular act gave rise to a double whammy within Seplat; However, in early March 2023, the company CEO, Roger Brown had said Seplat was committed to pursuing the MPNU acquisition deal before a new president is sworn in by the end of May 2023. 5b Isaiah Odolu Street, GRA phase 2 No: 1000005401 Furnish details of company ownership and shareholding structure. Tesla Continues to Defy Expectations, Is it Buyable Again? Seplat Energy Plc Insider Trading & Ownership Structure Stockholders of record on Wednesday, May 17th will be given a dividend of GBX 0.03 per share on Friday, June 16th. The boardroom drama has led to an implosion that has seen mass retirement and resignations from key board members involved in the debacle. Check out our latest analysis for Seplat Petroleum Development. .uniq_1764707858073873 { The Group also holds a 20.46% stake in Seplat, one of Nigerias main operators that is listed on the stock exchanges of London and Lagos.Maurel & Prom also has financial support from its majority shareholder, the Indonesian national oil company Pertamina. Fiji's former-attorney general Aiyaz Sayed-Khaiyum, who is also general secretary of the Pacific island nation's main opposition party Fiji First, has been taken into custody after being charged with abuse of office, local media reports.The criminal charge was approved on Monday by the Office of the Director of Public Prosecution and relates to a complaint by an election official, FBC News reported. Seplat Energy (LON:SEPL) pays an annual dividend of GBX 8 per share and currently has a dividend yield of 8.15%. Fitch Upgrades Seplat to 'B'; Outlook Stable - Fitch Ratings Justice Yellin Bogoro of the Federal High Court had issued an interim order restraining Orjiako, and the two firms, as well as their proxies in Nigeria and any jurisdiction worldwide, from receiving and or transferring assets and accounts of Seplat Energy Plc. When such a trade goes wrong, multiple parties may compete to sell stock fast. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Sources within Seplat told Nairametrics that the series of controversies at Seplat began in February 2022, when the company struck a deal worth as much as $1.6 billion to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from US supermajor ExxonMobil. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. Seplat Petroleum Development is not owned by hedge funds. What is the dividend yield for Seplat Energy? The community relies on everyone sharing. A 40% operating ownership of four oil mining leases (OMLs 67, 68, 70, 104) and associated infrastructure (NNPC is the 60% partner) The Qua Iboe Terminal, one of Nigerias largest export facilities At first observation, the ownership skirmishes at Seplat closely resemble the case of the two Hebrew women who approached the judgement throne of King Solomon, disputing ownership of a baby. Kano State, Port-Harcourt The company can be reached via phone at +234-1-2770400. The general public, with a 28% stake in the company, will not easily be ignored. Its worth noting that neither Seplat Energy nor Seplat Energy Offshore Limited was involved in the lawsuit. In March 2023, the company decided to terminate the contract due to repeated corporate governance breaches of a material nature, such as unilaterally making significant commitments on behalf of Seplat and using the companys letterhead to communicate said commitments without prior approval by the Board. @media (min-width: 850px) { Based on aggregate information from My MarketBeat watchlists, some companies that other Seplat Energy investors own include Alphabet (GOOG), Brookdale Senior Living (BKD), CenterPoint Energy (CNP), American Cannabis (AMMJ), Novus Therapeutics (NVUS), NextEra Energy (NEE), GSK (GSK), AFR.L (AFR), Cellectis (CLLS) and N Brown Group (BWNG). It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? This might be a strategic stake, so it's worth watching this space for changes in ownership. The deal would have seen a boost in Seplats production to 146,000 barrels of oil equivalent per day (boepd) and see its proven and probable liquids reserves jump from 241 million barrels to 650 million barrels. Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. The company was formerly known as Seplat Petroleum Development Company Plc and changed its name to Seplat Energy Plc in May 2021. The Securities and Exchange Commission, SECis a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market, SEC Towers, SEPLAT If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. max-width: 850px; Seplat, a Nigerian oil and gas company listed on the Nigerian Exchange (NGX) and the London Stock Exchange, is facing internal crises and legal battles stemming from changes in managerial structure and the delayed acquisition of Mobil Producing Nigeria Unlimited assets. Nigeria: Seplat Shareholders Upbeat As Brown Resumes As CEO

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