TIDMSEPL

RNS Number : 1011V

Seplat Energy PLC

05 August 2022

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

Seplat Energy PLC ("Seplat" or "Company")

Lagos and London - 5(th) August 2022: The following award ("sign-on share award") over ordinary shares of 0.5 Naira each ("shares") of Seplat were granted to the Chief Operating Officer of the Company on 04 August 2022 (the "Award Date"), as set out in his employment contract, using the share price as at the contract's commencement date.

Vesting conditions are as set out in the employment contract and the Award is subject to a one-year post vesting holding period.

 
 Name                Position                    Total Number of Shares 
                                                 over which the award is 
                                                        granted* 
 Samson Ezugworie    Chief Operating Officer            514,575 
                    -------------------------  ------------------------- 
 

* The number of shares awarded was calculated by dividing the monetary value of the Award by the share price on the Commencement Date (i.e. GBP0.92).

No consideration was paid for the grant of the above sign-on share award and no consideration is due on the vesting of the sign-on award.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

Mrs. Edith Onwuchekwa

Director, Legal/Company Secretary

FOR: SEPLAT ENERGY PLC.

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                                            Samson Ezugworie 
      ----------------------------------------------  --------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------------------- 
 a)    Position/status                                 Chief Operating Officer 
      ----------------------------------------------  --------------------------------------- 
 b)    Initial notification                            Initial notification 
        / Amendment 
      ----------------------------------------------  --------------------------------------- 
 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                              Ordinary shares of Seplat Energy PLC 
        financial instrument,                           of 0.5 Naira each 
        type of instrument 
        Identification code 
                                                        NGSEPLAT0008 
      ----------------------------------------------  --------------------------------------- 
 b)    Nature of the transaction                       Grant of the 2022 LTIP Award 
      ----------------------------------------------  --------------------------------------- 
 c)    Price(s) and volume(s)                             Price(s)    Volume(s) 
                                                              Nil       514,575 
                                                          ----------  ---------- 
      ----------------------------------------------  --------------------------------------- 
 d)    Aggregated information -   Aggregated volume 
         -   Price                                       514,575 ordinary shares of 0.5 Naira 
            ------------------                           each 
 
                                                         Nil consideration 
      ----------------------------------------------  --------------------------------------- 
 e)    Date of the transaction                         04 August 2022 
      ----------------------------------------------  --------------------------------------- 
 f)    Place of the transaction                        Outside a trading venue 
      ----------------------------------------------  --------------------------------------- 
 

Enquiries:

 
 Seplat Energy PLC 
 Edith Onwuchekwa, Company              +234 1 277 0400 Ext 1110 
  Secretary                              +234 1 277 0444 Ext 1108 
  Ngozi Osuzoka (Company Secretariat) 
                                       -------------------------- 
 FTI Consulting 
                                       -------------------------- 
 Ben Brewerton / Sara Powell            +44 (0) 203 727 1000 
  / James Styles                         seplat@fticonsulting.com 
                                       -------------------------- 
 

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END

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August 05, 2022 08:00 ET (12:00 GMT)

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