Notification of Share Dealings by PDMRs

RNS Number : 3132H

SEPLAT Petroleum Development Co PLC

09 March 2018

 

Seplat Petroleum Development Company Plc ("Seplat" or the "Company")

Announcement on Notification of Share Dealings by PDMRs

Lagos and London - 9 March 2018: On 6 March 2018, the Company was notified, pursuant to Rule 12 of the Amendments to the Listing Rules of the Nigerian Stock Exchange and Article 19 of the UK Market Abuse Regulations, that the transactions set out below occurred:

1.    The purchase of 10,000 ordinary shares of the Company by Mr. Michael Alexander, a Senior Independent Non-Executive Director of the Company. Mr. Alexander now has a direct holding of 20,000 ordinary shares and indirect holding of 95,238 ordinary shares of Seplat Petroleum Development Company Plc through Lexican Consulting Limited.

2.    Following the sale of a portion of the shares registered in the name of Dr. Charles Okeahalam, an Independent Non-Executive Director of the Company, who held a direct interest in 597,238 ordinary shares of Seplat Petroleum Development Company Plc representing approximately 0.10% of the voting rights of the Company's issued share capital, Dr. Okeahalam now holds a direct interest in 495,238 ordinary shares in the Company.

Further details of the transactions are set out in the attached TR-1 forms (Notification of Major Interest in Shares). 

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 UK Market Abuse Regulations.

Dr. Mirian Kene Kachikwu

Company Secretary

FOR: SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC.

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

Roger Brown, CFO                                                        [phone]

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

Seplat Petroleum Development Company Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation: iii

Mr. Michael Richard Alexander

4. Full name of shareholder(s)  (if different from 3.):iv

Same as above

5. Date of the transaction: v

5th March 2018

6. Place of Issue      Date on which issuer notified:

London, UK 6th March 2018

7. Threshold(s) that is/are crossed or reached: vi, vii

N/A

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

NGSEPLAT0008

105,238

105,238

20,000

20,000

95,238

0.003%

0.016%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

115,238

0.019%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

N/A

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

This disclosure has been calculated based on the issued share capital of 588,444,561.

14. Contact name:

M. R. Alexander

15. Contact telephone number:

[phone]

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

Seplat Petroleum Development Company Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation: iii

Dr. Charles C. Okeahalam

4. Full name of shareholder(s)  (if different from 3.):iv

Same as above

5. Date of the transaction: v

5th March 2018

6. Place of Issue      Date on which issuer notified:

Lagos, Nigeria 6th March 2018

7. Threshold(s) that is/are crossed or reached: vi, vii

N/A

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

NGSEPLAT0008

597,238

597,238

495,238

495,238

0.08%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

495,238

0.08%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

N/A

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

This disclosure has been calculated based on the issued share capital of 588,444,561.

14. Contact name:

Charles Okeahalam

15. Contact telephone number:

[phone]

 

END

 

 

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