Seplat Energy Plc
("Seplat Energy" or the "Company")
Notice of Withdrawal/Discontinuance of Immigration Suit against Seplat Energy
and Its Directors
Lagos and London - 20 April 2023: Seplat Energy is pleased to announce that it has become aware of the Notice of Withdrawal/Discontinuance of the legal action that was previously instituted at the Federal High Court sitting in Abuja, by the Nigeria Immigration Service (acting for the Federal Government of Nigeria) against the Company and some of its Directors and Officers.
The Notice of Withdrawal/Discontinuance of the action dated 6 April 2023, was issued by the Director Legal Services of the Nigeria Immigration Service and stated in part that "the Claimant hereby discontinues all the proceedings in this charge against the above-named Defendants".
The Company continues to engage with the Ministry of Interior to bring closure to the false allegations presented to the Ministry as a result of which the residency status of its Chief Executive Officer was withdrawn.
The Company also refers to its Announcement of 6 April 2023 confirming that the Federal High Court sitting in Lagos had vacated the ex parte Interim Orders against Seplat, its CEO and its Board Chairman, including the orders that restrained the Chief Executive Officer, Mr. Roger Brown from participating in the running of the Company.
This announcement is made further to the Company's announcement of 13 March 2023 and pursuant to Rule 17.10 of the Rulebook of the Nigerian Exchange, 2015 (Issuer's Rule).
Responsibility for publication
This announcement has been authorised for publication by Mr. Basil Omiyi, Independent Chairman, on behalf of the Board of Seplat Energy PLC.
Signed:
Mr. Basil Omiyi CON
Board Chairman
Enquiries:
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| Edith Onwuchekwa, Director Legal/Company Secretary | +234 1 277 0400 |
| FTI Consulting | |
| Ben Brewerton / Christopher Laing | +44 203 727 1000 |
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| Citigroup Global Markets Limited | |
| Tom Reid / Luke Spells | +44 207 986 4000 |
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| Investec Bank plc | |
| Chris Sim / Charles Craven / Jarrett Silver | +44 207 597 4000 |
Notes to editors
Seplat Energy Plc is Nigeria's leading indigenous energy company. It is listed on the Nigerian Exchange Limited (NGX: SEPLAT) and the Main Market of the London Stock Exchange (LSE: SEPL).
Seplat Energy is pursuing a Nigeria-focused growth strategy through participation in asset divestments by international oil companies, farm-in opportunities, and future licensing rounds. The Company is a leading supplier of gas to the domestic power generation market. For further information please refer to the Company website, http://seplatenergy.com/
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