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LAGOS/LONDON - Seplat Energy Plc announced Thursday it will issue 11.5 million ordinary shares to be admitted to trading on August 1, 2025, following approvals from Nigerian regulators.
The shares will be allotted to Stanbic IBTC Trustees Limited for use under the company’s Employees Long Term Incentive Plan, according to a company statement. The issuance was previously approved by shareholders at Seplat’s Annual General Meeting on May 14, 2025.
The Nigerian Corporate Affairs Commission granted approval for the share capital increase on May 27, 2025, followed by the Nigerian Securities and Exchange Commission’s registration approval on June 27, 2025.
The newly issued shares, with a par value of 50 kobo each, will be admitted to the Premium Board of the Nigerian Exchange Limited and to the equity shares segment of the Official List of the UK Financial Conduct Authority. They will also trade on the London Stock Exchange (LON:LSEG)’s main market for listed securities.
Following the admission, Seplat Energy’s total issued share capital will increase to 599,944,561 ordinary shares. The company noted that shareholders may use this figure as the denominator when calculating whether they need to notify their interest in the company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
Seplat Energy is a Nigerian energy company with dual listings in Nigeria and London.
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