9th Mar 2018 17:00
Seplat Petroleum Development Company Plc ("Seplat" or the "Company")
Announcement on Notification of Share Dealings by PDMRs
Lagos and London - 9 March 2018: On 6 March 2018, the Company was notified, pursuant to Rule 12 of the Amendments to the Listing Rules of the Nigerian Stock Exchange and Article 19 of the UK Market Abuse Regulations, that the transactions set out below occurred:
1. The purchase of 10,000 ordinary shares of the Company by Mr. Michael Alexander, a Senior Independent Non-Executive Director of the Company. Mr. Alexander now has a direct holding of 20,000 ordinary shares and indirect holding of 95,238 ordinary shares of Seplat Petroleum Development Company Plc through Lexican Consulting Limited.
2. Following the sale of a portion of the shares registered in the name of Dr. Charles Okeahalam, an Independent Non-Executive Director of the Company, who held a direct interest in 597,238 ordinary shares of Seplat Petroleum Development Company Plc representing approximately 0.10% of the voting rights of the Company's issued share capital, Dr. Okeahalam now holds a direct interest in 495,238 ordinary shares in the Company.
Further details of the transactions are set out in the attached TR-1 forms (Notification of Major Interest in Shares).
This notification is made in accordance with Rule 12 of the Amendments to the Listing Rules of the Nigerian Stock Exchange and Article 19 of the UK Market Abuse Regulations.
Dr. Mirian Kene Kachikwu
Company Secretary
FOR: SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC.
Details of duly authorised officer of issuer responsible for making notification:
Roger Brown, CFO +44 (0) 203 725 6500
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | |||||||||||||||||
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1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Seplat Petroleum Development Company Plc | ||||||||||||||||
2 Reason for the notification (please tick the appropriate box or boxes): | |||||||||||||||||
An acquisition or disposal of voting rights | X | ||||||||||||||||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to thenotification obligation: iii
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Mr. Michael Richard Alexander
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4. Full name of shareholder(s) (if different from 3.):iv |
Same as above
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5. Date of the transaction: v |
5th March 2018
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6. Place of Issue Date on which issuer notified: |
London, UK
6th March 2018
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7. Threshold(s) that is/are crossed orreached: vi, vii |
N/A
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8. Notified details: | |||||||||||||||||
A: Voting rights attached to shares viii, ix | |||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||||||||
NGSEPLAT0008 | 105,238 | 105,238 | 20,000 | 20,000 | 95,238 | 0.003% | 0.016% | ||||||||||
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B: Qualifying Financial Instruments | |||||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||||||||
N/A |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
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N/A |
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| Nominal | Delta | |||||||||||
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Total (A+B+C) | |||||||||||||||||
Number of voting rights | Percentage of voting rights | ||||||||||||||||
115,238 | 0.019% | ||||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | |||||||||||||||||
N/A | |||||||||||||||||
Proxy Voting: | |||||||||||||||||
10. Name of the proxy holder: | N/A | ||||||||||||||||
11. Number of voting rights proxy holder will ceaseto hold: | N/A | ||||||||||||||||
12. Date on which proxy holder will cease to holdvoting rights: | N/A | ||||||||||||||||
13. Additional information: | This disclosure has been calculated based on the issued share capital of 588,444,561. | ||||||||||||||||
14. Contact name: | M. R. Alexander | ||||||||||||||||
15. Contact telephone number: | +44 7739 479500 | ||||||||||||||||
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | |||||||||||||||||
|
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1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Seplat Petroleum Development Company Plc | ||||||||||||||||
2 Reason for the notification (please tick the appropriate box or boxes): | |||||||||||||||||
An acquisition or disposal of voting rights | X | ||||||||||||||||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to thenotification obligation: iii
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Dr. Charles C. Okeahalam
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4. Full name of shareholder(s) (if different from 3.):iv |
Same as above
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5. Date of the transaction: v |
5th March 2018
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6. Place of Issue Date on which issuer notified: |
Lagos, Nigeria
6th March 2018
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7. Threshold(s) that is/are crossed orreached: vi, vii |
N/A
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8. Notified details: | |||||||||||||||||
A: Voting rights attached to shares viii, ix | |||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||||||||
NGSEPLAT0008 | 597,238 | 597,238 | 495,238 | 495,238 |
| 0.08% |
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B: Qualifying Financial Instruments | |||||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||||||||
N/A |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
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N/A |
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| Nominal | Delta | |||||||||||
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Total (A+B+C) | |||||||||||||||||
Number of voting rights | Percentage of voting rights | ||||||||||||||||
495,238 | 0.08% | ||||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | |||||||||||||||||
N/A | |||||||||||||||||
Proxy Voting: | |||||||||||||||||
10. Name of the proxy holder: | N/A | ||||||||||||||||
11. Number of voting rights proxy holder will ceaseto hold: | N/A | ||||||||||||||||
12. Date on which proxy holder will cease to holdvoting rights: | N/A | ||||||||||||||||
13. Additional information: | This disclosure has been calculated based on the issued share capital of 588,444,561. | ||||||||||||||||
14. Contact name: | Charles Okeahalam | ||||||||||||||||
15. Contact telephone number: | +27 11 728 5343 | ||||||||||||||||
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