Seplat Energy PLC ("Seplat"
or "Company")
Notification of Dealing in
Shares by a PDMR
Lagos and London - May 21, 2024: Seplat Energy PLC
("Seplat" or the "Company"), today announces the exercise, on
17th May 2024, of vested shares awarded to Roger Brown
between 2014 and 2022, under the terms of the Seplat Energy PLC
2014 Long Term Incentive Plan ("LTIP").
Roger Brown now holds 4,006,168
ordinary shares in Seplat Energy PLC, which sufficiently satisfies
the minimum shareholding requirement mandated by the shareholder
approved remuneration policy. The Board of Seplat Energy notes that
such quantum of shareholding ensures that Roger Brown's interests
in the Company are closely aligned with those of other shareholders
in Seplat Energy.
The transaction has been approved by
the Board of Seplat Energy PLC and is in accordance with normal
market practice on the exercise of share options by an Executive
Director.
The LTIP share awards were made in
accordance with the Company's Remuneration Policy for Executive
Directors and were made under the terms of the Company's 2014 Long
Term Incentive Plan.
|
Director
|
Vested shares
exercised
|
Market price at exercise
(NGX/LSE)
|
Shares retained after
statutory deductions
|
|
Roger Brown
|
4,943,445
|
NGN
2,962.30 / GBP 1.555
|
4,006,167
|
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 17.15(c) Disclosure of Dealings in Issuers'
Shares, Rulebook of The Exchange, 2015 (Issuers' Rule) and
Article 19(3) of the UK Market Abuse Regulations.
Mrs. Edith Onwuchekwa
Director, Legal/Company Secretary
FOR: SEPLAT ENERGY PLC
Details of duly authorised officer of issuer responsible for
making notification:
Edith Onwuchekwa, Director,
Legal/Company Secretary +234 (0) 1 277 0400
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Roger Brown
|
|
2
|
Reason for the notification
|
|
a)
|
Position / status
|
Chief Executive Officer
|
|
b)
|
Initial notification /
Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Seplat Energy 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
Identification code
|
Ordinary shares of Seplat Energy
PLC
NGSEPLAT0008
|
|
b)
|
Nature of the transaction
|
(i)
Exercise of 4,943,445 vested shares awarded
to Roger Brown between 2014 and 2022 under
the terms of the Seplat Energy PLC 2014 LTIP.
(ii)
937,278 shares withheld,
in respect of settling Nigerian personal income tax obligations on
(i) above.
|
|
c)
|
Volume(s)
|
|
|
Price(s)
|
Volume(s)
|
|
|
(i)
nil
|
4,943,445
|
|
|
(ii) NGN
2,962.30
|
937,278
|
|
|
d)
|
Aggregated information
|
-
|
Aggregated volume
|
|
-
|
Price
|
|
Nigerian personal income tax
liability arising on exercise to be cash settled with the relevant
tax authority, equivalent to 937,278 ordinary shares at NGN 2,962.30 per share.
|
|
e)
|
Date of the transaction
|
17 May 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
Enquiries:
|
Seplat Energy PLC
|
|
Eleanor Adaralegbe - CFO
Edith Onwuchekwa - Company
Secretary
Chioma Afe - External
Affairs
James Thompson - Investor
Relations
Nwamaka Iloh - Company
Secretariat
|
+234 1 277 0400 Ext 1110
+234 1 277 0444 Ext 1108
|
|
FTI
Consulting
|
|
Ben Brewerton / Chris
Laing
|
+44 (0) 203 727 1000
seplat@fticonsulting.com
|
