Seplat Energy Plc, one of Nigeria’s leading indigenous oil and gas companies, has announced that there is a significant update on its shareholder structure following the acquisition of shares by the Chairman of the company’s Board, Udo Udoma.
The company, in a disclosure seen by Sunday Telegraph yesterday, stated that Tierce Investments Ltd, a company wholly owned by Udoma, had acquired 22,571 ordinary shares in Seplat Energy Plc.
It was gathered that the 22,571 shares Udoma acquired represent a 0.004 per cent voting interest, based on the company’s total issued shares of 588,444,561.
Industry stakeholders opined that the transaction signifies Udoma’s confidence in the company’s future.
It was learnt that the transaction was executed at a time when Seplat’s share price stood at N4,103 on the Nigerian Exchange Group (NGX) as of September 27, 2024.
Industry sources stated that this values the acquisition at approximately N92.57 million.