TIDMSEPL

RNS Number : 9158D

Seplat Energy PLC

07 March 2022

Seplat Energy Plc ("Seplat Energy" or the "Company")

Re: Newspaper and Social Media Publications on Seplat Energy and ExxonMobil Transaction - No Event of Cancellation has occurred

Lagos and London - 7 March 2022: Seplat Energy has become aware of newspaper and social media reports that the Nigerian National Petroleum Company Limited ("NNPC") has exercised a right of pre-emption under the NNPC/Mobil Producing Nigeria Unlimited ("MPNU") Joint Operating Agreement ("JOA"). The Company wishes to clarify that the Sale and Purchase Agreement ("SPA"), earlier announced on the 25 February 2022, deals with the acquisition of the entire share capital of MPNU's shareholders, Mobil Development Nigeria Inc. and Mobil Exploration Nigeria Inc., being entities of Exxon Mobil Corporation registered in Delaware ("ExxonMobil"). MPNU, is not a party to the SPA and continues to hold its interests, rights and obligations under the NNPC/MPNU JOA.

There are also some reports that the SPA between ExxonMobil and Seplat Energy has been terminated. Seplat Energy confirms that no event of termination has occurred, and the SPA remains valid and subsisting.

Seplat Energy is a compliant company and will continue to follow the laws of the Federal Republic of Nigeria.

This announcement is made pursuant to Rule 17.10 of the Rulebook of the Nigerian Exchange, 2015 (Issuer's Rule).

- ENDS -

For: Seplat Energy Plc

Mr. Emeka Onwuka

Chief Financial Officer

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

RSPBLGDXSXGDGDR

(END) Dow Jones Newswires

March 07, 2022 11:36 ET (16:36 GMT)

Seplat Energy (LSE:SEPL)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Seplat Energy.
Seplat Energy (LSE:SEPL)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Seplat Energy.