The same can be achieved by studying analyst sentiments. SEPLAT WebSEPLAT EAST ONSHORE LIMITED TENDER OPPORTUNITY: PROVISION OF PRODUCTION CHEMICALS (OML 53 JISIKE & OHAJI ONSHORE FIELDS) NipeX Tender Ref. The company also engages in the renewable energy generation activities. The general public, with a 28% stake in the company, will not easily be ignored. What is the dividend yield for Seplat Energy? It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Major Despite these challenges, Seplat reported higher revenue and pre-tax profits in the first quarter of 2023, and has announced a Boardroom succession plan to strengthen corporate governance and retire some board members. Fitch Upgrades Seplat to 'B'; Outlook Stable - Fitch Ratings Rivers State. We aim to bring you long-term focused analysis driven by fundamental data. Owner Type Number of Shares Ownership Percentage; Individual Insiders: 17,039,930: 2.9%: Hedge Funds: 52,544,527: 9.0%: It's hard to say for sure but this suggests they have entwined business interests. Seplat is facing internal crises and legal battles stemming from changes in managerial structure and the delayed acquisition of assets. Seplat Energy Plc (ex Seplat Petroleum Development Company Plc) specializes in exploring and producing oil and natural gas. Those businesses were connected to both Orjiako and Avurus family members. But the new ownership structure provides a way to put the value that comes with responsible growth to work fighting the climate crisis. width: 100vw; Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. At the same time, Seplat filed a suit with No FHC/ABJ/CS/386/2023, at the Federal High Court Abuja, on March 21, 2023, accusing Dr. Orjiako of acting unilaterally when he communicated with the Federal Government over a business transaction worth over $300 million, allegedly without the consent of the companys Board of Directors. Seplat Energy Offshore Limited, a wholly owned Nigerian subsidiary of Seplat Energy Plc, has entered into a Sale and Purchase Agreement to acquire the entire share capital of MPNU for a purchase price of $1,283 million plus up to $300 million contingent consideration, subject to lockbox, working capital and other adjustments at In the chart below, we zoom in on the different ownership groups of Seplat Energy. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Seplat is a small oil and gas I generally consider insider ownership to be a good thing. SEPLAT The Group also holds a 20.46% stake in Seplat, one of Nigerias main operators that is listed on the stock exchanges of London and Lagos.Maurel & Prom also has financial support from its majority shareholder, the Indonesian national oil company Pertamina. Our model gets smarter over time as more people share salaries on Glassdoor. Plot 272, Samuel Adesujo Ademulegun Street, Central Business District , Abuja, FCT, Lagos Nigeria: Seplat Shareholders Upbeat As Brown Resumes As CEO ','+childNetworkId.trim():'';xmlhttp.open("GET", 'https://pubads.g.doubleclick.net/gampad/adx?iu=/147246189'+child+'/'+adunit+'&sz='+encodeURI(size)+'&t=Placement_type%3Dserving&'+Date.now(), true);xmlhttp.send();})(); !function(){var t="611a52ccd5cc7aa94a532b7d",e="widget_611a52ccd5cc7aa94a532b7d",a=document.createElement("script");a.type="text/javascript",a.setAttribute("data-cfasyn","false"),a.src="https://widget-cdn.ketshwa.com/m/p/611a52ccd5cc7aa94a532b7d/1256.js",a.async=!0,document.body.appendChild(a),a.onload=function(){KetshwaSDK.showWidget(t,e)}}(); Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |, Afrihealths Rigour+ aims to tackle medical brain drain, and counterfeit drugs in Nigeria with innovative healthcare solutions, Leaving the Tarmac: Buying a Bank in Africa shortlisted for BCA African Business Book of the Year, CBN pumps N701 billion back into circulation in March 2023 to ease cash at ATMs. The deal would have seen a boost in Seplats production to 146,000 barrels of oil equivalent per day (boepd) and see its proven and probable liquids reserves jump from 241 million barrels to 650 million barrels. Metro Pacific Investments Corporation is currently the largest shareholder, with 21% of shares outstanding. Also submit photocopies of its CAC Forms CO2 and CO7. Secure and increase the performance of your investments with our team of experts at your side. OWNERSHIP c) Provide evidence of what This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Our data reflects individual insiders, capturing board members at the very least. WebWhat is the ownership structure of SEPL? We project Seplat to be broadly FCF-neutral in 2021-2025. CLAIMS OVER OWNERSHIP OF SEPLAT THISDAYLIVE Copyright 2019, Securities & Exchange Commission, Nigeria. In order to improve our community experience, we are temporarily suspending article commenting. Seplat has over N309 billion of debt inclusive of cash of N112 billion as of its 2021 third quarter results. It seems that Private Companies own 47%, of the Seplat Energy stock. A man is due to face a court over his alleged involvement in the execution-style murder of a Sydney underworld figure.Mahmoud Ahmad was killed in a spray of bullets fired from several cars as he stood outside a friend's house in April 2022. Seplat: Roger Brown Overhauls the Leadership, Runs with Four Sign up here. Fraser McReight concedes he may still be the apprentice but says "master" Michael Hooper might be taking some notes of his own when the flankers clash in Townsville.McReight's Queensland Reds will host the NSW Waratahs on Saturday in a Super Rugby Pacific match of consequence, with the rivals sitting clear in sixth and seventh positions respectively and keen to move away from the chasing pack. However, the Commission encourages the Board to continue effective dialogue with all stakeholders in dealing with the issues. Seplat, a Nigerian oil and gas company listed on the Nigerian Exchange (NGX) and the London Stock Exchange, is facing internal crises and legal battles The companys share price in the last year is down 7% and 19.1% respectively on the NGX and the London Stock Exchange respectively. this free report showing whether analysts are predicting a brighter future, New lower I bond rate comes with 'a pleasant surprise', Lordstown warns it may fail as investor Foxconn gets jumpy, Fed says new refinements of trading process are coming, Investors continue to think that the Fed will bail us out of every situation, strategist says, UPDATE 1-Fed says new refinements of trading process are coming.