TIDMSEPL

RNS Number : 6562S

SEPLAT Petroleum Development Co PLC

26 June 2018

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

UAnnouncement on Notification of Dealing in Shares by a PDMR

Lagos and London - 26 June 2018:

The Company was notified of the sale of 112,378 ordinary shares registered in the name of Mr. Ojunekwu Austin Avuru, the Chief Executive Officer of the Company. Following the sale, Mr. Avuru now holds a direct interest in 1,026,484 ordinary shares and an indirect interest in 74,336, 174 ordinary shares of the Company totalling 75,362,658 shares which equates to a voting interest of 12.8% (based on Issued Share Capital of 588,444,561).

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 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                                                        +44 (0) 203 725 6500

Investor enquiries:

   Andrew Dymond, Investor Relations                        +44 (0) 203 725 6500

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 Augustine Avuru 
      --------------------------------  ----------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------- 
 a)    Position/status                   Chief Executive Officer 
      --------------------------------  ----------------------------------------- 
 b)    Initial notification              Initial notification 
        /Amendment 
      --------------------------------  ----------------------------------------- 
 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                Shares (NGSEPLAT0008) 
        financial instrument, 
        type of instrument 
 
       Identification code 
 
 b)    Nature of the transaction         Sale of shares registered in the 
                                          name of Ojunekwu Austin Avuru 
      --------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s) 
                                        --------------------------  ----------- 
                                         Price(s)                    Volume(s) 
                                        --------------------------  ----------- 
                                         NGN719.74 (Average 
                                          Price)                     112,378 
                                        --------------------------  ----------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                    112,378 
 
  - Price                                NGN719.74 (Average Price) 
 
 e)    Date of the transaction           Over a period of one month (1(st) 
                                          -31(st) May, 2018) 
      --------------------------------  ----------------------------------------- 
 f)    Place of the transaction          Lagos, Nigeria 
      --------------------------------  -----------------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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