Seplat Energy PLC Response to media on proposed acquisition of MPNU (1766M)
19 Mayo 2022 - 11:54AM
UK Regulatory
TIDMSEPL
RNS Number : 1766M
Seplat Energy PLC
19 May 2022
Seplat Energy Plc ("Seplat Energy" or "the Company")
Response to media article on proposed acquisition of Mobil
Producing Nigeria Unlimited ("MPNU").
Lagos and London, 19 May 2022: In response to an article
published today in This Day newspaper, stating that the Federal
Government of Nigeria has declined consent to the acquisition of
Mobil Producing Nigeria Unlimited ("MPNU"), Seplat Energy confirms
that it has received a letter from the Chief Executive, Nigerian
Upstream Petroleum Regulatory Commission ("NUPRC") on the process.
The Company has also been notified by the shareholders of MPNU
confirming that MPNU received a letter from NUPRC declining their
consent.
Under the terms of the Sale and Purchase Agreement ("SPA"),
announced on 25 February 2022, which remains valid and subsisting,
the Company will further its engagement with all relevant
stakeholders.
Seplat Energy is confident that the process to obtain all
approvals on the acquisition of MPNU's entire share capital is
being followed and will be achieved.
This announcement is made pursuant to Rule 17.10 of the Rulebook
of the Nigerian Exchange Limited, 2015 (Issuer's Rule).
Inside Information
Some of the information contained within this announcement is
considered by Seplat Energy to constitute inside information, as
defined under the EU Market Abuse Regulation, EU No.596/2014. By
the publication of this Announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain. The person responsible for arranging for the release
of this announcement on behalf of Seplat Energy is Emeka Onwuka,
Chief Financial Officer.
Issued by:
Emeka Onwuka
Chief Financial Officer
Seplat Energy PLC.
Enquiries:
Seplat Energy
+234 (0) 1 2 770
Emeka Onwuka, CFO 400
Carl Franklin, Head of Investor Relations
Chioma Nwachuku, Director, External Affairs
and Sustainability
Edith Onwuchekwa, Director, Legal & Company
Secretary
FTI Consulting
Ben Brewerton / Chris Laing +44 (0) 203 727
1000
seplat@fticonsulting.com
Notes to editors
Seplat Energy Plc is Nigeria's leading indigenous energy
company. It is listed on the Premium Board of the Nigerian Exchange
(NGX: SEPLAT) and the Main Market of the London Stock Exchange
(LSE: SEPL).
Seplat Energy is pursuing a Nigeria-focused growth strategy and
is well positioned to participate in future asset divestments by
international oil companies, farm-in opportunities, and future
licensing rounds. The Company is a leading supplier of gas to the
domestic power generation market. For further information please
refer to the Company website, http://seplatenergy.com/
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END
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