Seplat Energy PLC Corporate Announcement (5049L)
16 Mayo 2022 - 1:00AM
UK Regulatory
TIDMSEPL
RNS Number : 5049L
Seplat Energy PLC
16 May 2022
CORPORATE ANNOUNCEMENT
Lagos and London, 16(th) May 2022: Further to the announcement
made on November 17, 2021, Seplat Energy Plc ("the Company")
confirms that Dr. A.B.C Orjiako will be retiring from the Board of
the Company after the Annual General Meeting on 18 May 2022.
The Company confirms that it is currently in discussions with
Dr. Orjiako on how he would assist Seplat Energy Plc with specific
and essential external stakeholder engagements he is currently
involved in, which will continue beyond the date he steps down. To
clarify, no contract has been finalised yet and the contractual
role to be performed by Dr Orjiako, will not be in conflict with
the role of the incoming Independent Non-Executive Chairman.
Assuming a contract is subsequently agreed, on signature, the
Company will fully disclose the terms in accordance with regulatory
requirements.
An accelerated contractual payment, under Dr. Orjiako's current
service contract, will be made post AGM 2022, in line with the
Shareholders' approved Remuneration Policies and fully disclosed in
the Company's Directors Remuneration Report for 2022.
- ENDS
Mr. Emeka Onwuka
Chief Financial Officer
FOR: SEPLAT ENERGY PLC.
Enquiries:
SEPLAT Energy Plc
Edith Onwuchekwa, Director, Legal/Company Secretary
Chioma Nwachuku, Director, External Affairs
& Sustainability +234 (0) 12 770 400
FTI Consulting
Ben Brewerton/Chris Laing +44 (0) 203 727 1000
Seplat@fticonsulting.com
Notes to editors
Seplat Energy Plc is a leading indigenous Nigerian energy
company with a strategic focus on Nigeria, listed on the Premium
Board of the Nigerian Exchange Limited ("NGX ") (NGX:SEPLAT) and
the Main Market of the London Stock Exchange ("LSE") (LSE:SEPL).
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://seplatenergy.com/ .
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END
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