PDMR Notification

RNS Number : 9456S

SEPLAT Petroleum Development Co PLC

29 December 2016

 

Seplat Petroleum Development Company Plc (the "Company")

Notification of transactions of persons discharging managerial responsibility ("PDMR") and persons closely associated with them

The following notifications made under Article 19 of the Market Abuse Regulation (2014/596/EU) relates to transactions in the Company's shares notified to the Company on 23^rd December, 2016 by Shebah Petroleum Development Company Limited, a person closely associated with the Company's Chairman and a PDMR, Dr. Ambrosie Bryant Chukwueloka Orjiako.

On 21^st December, 2016 18,500,000 shares in the Company previously registered in the name of Constant Petroleum Limited and held beneficially on behalf of Shebah Petroleum Development Company Limited were re-transferred directly into the name of Shebah Petroleum Development Company Limited.

On 22^nd December, 2016 Shebah Petroleum Development Company Limited sold 7,636,912 shares in the Company to existing shareholder Petrolin Trading Limited.

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

Roger Brown, CFO                                                        [phone]

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	Shebah Petroleum Development Company Limited (a BVI Business Company)
2	Reason for the notification
a)	Position/status	Shebah is a person closely associated with the Chairman of the Company and a PDMR, Dr. Ambrosie Bryant Chukwueloka Orjiako
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer
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	Shares (NGSEPLAT0008)
b)	Nature of the transaction	Transfer of shares previously registered in the name of Constant Petroleum Limited and held beneficially on behalf of Shebah Petroleum Development Company Limited directly back into the name of Shebah Petroleum Development Company Limited.
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 18,500,000
d)	Aggregated information- Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	21st December 2016 (Lagos time)
f)	Place of the transaction	Lagos, Nigeria

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	Shebah Petroleum Development Company Limited (a BVI Business Company) ("Shebah")
2	Reason for the notification
a)	Position/status	Shebah is a person closely associated with the Chairman of the Company and a PDMR, Dr. Ambrosie Bryant Chukwueloka Orjiako, by virtue of being controlled by Dr. Orjiako and members of his family
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer
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	Shares (NGSEPLAT0008)
b)	Nature of the transaction	Sale of shares registered in the name of Shebah to Petrolin Trading Ltd.
c)	Price(s) and volume(s)	Price(s) Volume(s) £ 0.73 per share 7,636,912
d)	Aggregated information- Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	22nd December 2016 (London time)
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

END

 

 

DSHGMMZZLLGGVZG