TIDMSEPL

RNS Number : 9202I

Seplat Petroleum Development Co PLC

17 December 2020

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"), WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS .

SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC ("Seplat" or the "Company")

Rule 19.6(c) confirmation with respect to stated post-offer intentions

with regard to Eland Oil and Gas plc now Eland Oil and Gas Limited ("Eland")

Lagos and London - 17 December 2020 :Seplat announces that further to the completion of its recommended cash offer for Eland, which was effected by way of court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 on 17 December 2019, it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that Seplat has complied with its post-offer intention statements made pursuant to Rules 2.7(c)(iv), 19.6 and 24.2 of the Code, as originally detailed in Seplat's 2.7 announcement of 15 October 2019 and Eland's scheme document published on 28 October 2019.

Enquiries:

 
 Seplat Petroleum Development Company Plc 
 Emeka Onwuka, CFO                                          +234 (01) 277 0400 
 Chioma Nwachuku, GM External Affairs and Communications 
 Edith Onwuchekwa, Company Secretary and General 
  Counsel 
 Carl Franklin, Head of Investor Relations                  +44 (0) 203 725 6500 
 
 
 FTI Consulting 
  Ben Brewerton / Sara Powell                                 +44 (0)203 7271 000

Notes to editors

Seplat Petroleum Development Company Plc is a leading indigenous Nigerian energy company with a strategic focus on Nigeria, listed on the Main Market of the London Stock Exchange ("LSE") (LSE:SEPL) and Nigerian Stock Exchange ("NSE") (NSE:SEPLAT). Seplat is pursuing a Nigeria focused growth strategy and is well-positioned to participate in future divestment programmes by the international oil companies, farm-in opportunities and future licensing rounds. For further information please refer to the company website, http://seplatpetroleum.com/

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

OUPBRBDDSUBDGGL

(END) Dow Jones Newswires

December 17, 2020 02:00 ET (07:00 GMT)

Seplat Energy (LSE:SEPL)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Seplat Energy Charts.
Seplat Energy (LSE:SEPL)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Seplat Energy Charts.