Roger Brown, the chief executive officer and executive director of Seplat Energy Plc, has increased his stake in the company with the purchase of 50,000 ordinary shares.
This brings his total holdings to 4,203,776 shares, a 0.7144% voting interest in the company.
The transaction, disclosed in a statement on the Nigerian Stock Exchange website and signed by the company’s secretary, Edith Onwuchekwa, confirms that the shares were acquired at £169.79 per share, amounting to approximately £8.49 million.
The company assured stakeholders that the purchase complies with regulatory requirements, noting Rule 17.15(c) of the Nigerian Exchange’s Issuers’ Rules and Article 19(3) of the UK Market Abuse Regulations.
This acquisition follows a strong 2024 financial performance, during which Seplat Energy reported ₦1.65 trillion in revenue, a 136.8% surge from the previous year’s ₦696.9 billion.
The company attributed this growth to its acquisition of Mobil Producing Unlimited from ExxonMobil, now rebranded as Seplat Energy Producing Nigeria Unlimited.
Seplat also announced a final dividend of 3.6 cents per share and a special dividend of 3.3 cents per ordinary share of 0.50 kobo each.
