RNS Number : 4998S
Seplat Energy PLC
14 June 2024
 

 


Seplat Energy Plc ("Seplat Energy" or the "Company")

Update on the Court Action brought by NNPCL in relation to the

acquisition of the shares of Mobil Producing Nigeria Unlimited

 

Lagos and London, 14 June 2024: Seplat Energy notes the announcement on the 30 May 2024 by the Nigerian National Petroleum Company Limited ("NNPCL") regarding the Settlement Agreement between NNPCL, ExxonMobil Corporation, Delaware and Mobil Producing Nigeria Unlimited ("MPNU") and has since been notified of the termination of the court proceedings brought by NNPCL against MPNU and its affiliates over the proposed divestment of MPNU's shares to Seplat Energy Offshore Limited ("SEOL").

 

Seplat Energy commends the open cooperation and progress achieved by all stakeholders, and will diligently engage all key stakeholders, including the Government, in progressing towards a swift completion of the acquisition of MPNU.

 

-  ENDS -

Signed:

 

 

Mr. Roger Brown

Chief Executive Officer


Enquiries:


Seplat Energy Plc

 

Eleanor Adaralegbe,

Chief Financial Officer 

Chioma Afe,

Director External Affairs and Social Performance 

Edith Onwuchekwa,

Director Legal/Company Secretary  

James Thompson,

Head of Investor Relations                                           

FTI Consulting

Ben Brewerton / Chris Laing

+44 (0) 203 727 1000 seplatenergy@fticonsulting.com

Notes to editors

Seplat Energy PLC (Seplat) is Nigeria's leading indigenous energy company. Listed on the Nigerian Exchange Limited (NGX: SEPLAT) and the Main Market of the London Stock Exchange (LSE: SEPL), we are pursuing a Nigeria-focused growth strategy in oil and gas, as well as developing a Power & New Energy business to lead Nigeria's energy transition.

For further information please refer to the Company website, http://seplatenergy.com/ 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCSFLSALELSEFM