Public companies currently own 21% of Seplat Petroleum Development stock. WebSEPLAT Energy PLC (SEPL) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. That's interesting, because hedge funds can be quite active and activist. 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. Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. Seplat Energy's mailing address is 25A Lugard Avenue, Ikoyi, LAGOS, 101222, Nigeria. In comparison, the second and third largest shareholders hold about 14% and 7.6% of the stock. When such a trade goes wrong, multiple parties may compete to sell stock fast. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Seplat As he prepares for an audience with King Charles, self-described republican Chris Hipkins has ruled out New Zealand becoming a republic during his prime ministership.Mr Hipkins heads to the United Kingdom on Monday night for a five-day visit including leading New Zealand's delegation at the King's Coronation. Seplat Energy Plc was incorporated in 2009 and is headquartered in Lagos, Nigeria. We also tend to see lower insider ownership in companies that were previously publicly owned. WebAs you can see in the diagram, the ownership structure in this company have institutional shareholders with 65.05% of the company ownership, retail shareholders at 13.17%, sovereign wealth funds at 10.47%, foundations (or founder) at 5.20% and others at 6.11%. With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Seplat Energy. The Mareva injunction was issued because Zenith Bank Plc had taken Dr Orjiakor, Shebah Exploration and Production Company Limited, Shebah Petroleum Development Company Limited and six others before the Federal High Court, over an alleged debt of about $78,426,578.64. We can report that insiders do own shares in Seplat Energy Plc. Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. Following the request, the State High Court issued an ex-parte order of interim injunction, which prohibited the defendants from finalizing any divestment in MPNU, including the sale and purchase agreement (SPA) signed with Seplat Energy Offshore Limited, while the case was pending before the court. Case in point: We've spotted 2 warning signs for Seplat Energy you should be aware of. Seplat Energys $318m cash generation, huge capital investment drive shareholders fortune Seplat Petroleum Development Company Plc, held its hybrid Real-time analyst ratings, insider transactions, earnings data, and more. Export data to Excel for your own analysis. See what's happening in the market right now with MarketBeat's real-time news feed. Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.Compare Top Brokerages Here. Afolabi Folorunso, who was General Manager West, is now Managing Director Seplat West Ltd, with a portfolio that includes OMLs 4, 38 and 41, the acreages upon Read our dividend analysis for SEPL. A 40% operating ownership of four oil mining leases (OMLs 67, 68, 70, 104) and associated infrastructure (NNPC is the 60% partner) The Qua Iboe Terminal, one of Nigerias largest export facilities They participate in particular in security, ergonomics and the choice of language of the website. It generates hydrocarbon through seven oil and gas blocks in the Niger Delta region. Donald Trump has requested a mistrial in a civil case where the writer E Jean Carroll is accusing him of rape and defamation, saying the judge made several "unfair and prejudicial" rulings against him.In an 18-page letter filed early Monday in Manhattan federal court, Trump's lawyer Joe Tacopina accused US District Judge Lewis Kaplan of being biased against the former US president, including in the jury's presence. Fiji's former-attorney general Aiyaz Sayed-Khaiyum, who is also general secretary of the Pacific island nation's main opposition party Fiji First, has been taken into custody after being charged with abuse of office, local media reports.The criminal charge was approved on Monday by the Office of the Director of Public Prosecution and relates to a complaint by an election official, FBC News reported. So they generally do consider buying larger companies that are included in the relevant benchmark index. 337927). Meanwhile, individual investors make up 30% of the companys shareholders. Sorry, your blog cannot share posts by email. Seplat went ahead to pay $509,000 to a firm that holds Orjiakos shares for consulting services during the first six months of 2022, actively violating its own March 2021 resolution to eliminate all related-party transactions. 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. All rights reserved. (844) 978-6257. In line with its core mandate of investor protection, the Commission has sought and obtained explanations from Seplat through its Board of Directors and from the NGX,the primary exchange on which it is listed. The company employs 528 workers across the globe. In other words, the group stands to gain the most (or lose the most) from their investment into the company. By August 8, 2022, President Buhari had given his approval for Seplat to acquire MPNUs assets, citing the numerous benefits to Nigerias economy. Seplat: Roger Brown Overhauls the Leadership, Runs with Four Those businesses were connected to both Orjiako and Avurus family members. View which stocks are hot on social media with MarketBeat's trending stocks report. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. Off Adeola Odeku Street, Victoria Island We can report that insiders do own shares in Seplat Energy Plc. In their own names, insiders own UK17m worth of stock in the UK584m company. This shows at least some alignment. You can click here to see if those insiders have been buying or selling. What other stocks do shareholders of Seplat Energy own? Plot 272, Samuel Adesujo Ademulegun Street, Central Business District , Abuja, FCT, Lagos The Group has a portfolio of high - potential assets focused on Africa and Latin America, consisting of both production assets and opportunities in the exploration or appraisal phase. Seplat Petroleum Development Company - Wikipedia Copyright 2019, Securities & Exchange Commission, Nigeria. Introduction to Ownership Structure Join thousands of other investors who make better investing decisions with our premium tools. This shows at least some alignment. Sky Sports News on Twitter: "Aston Villa CEO, Christian Purslow .uniq_1764707858073873 { But to understand Seplat Petroleum Development better, we need to consider many other factors. With 47% stake, private companies possess the maximum shares in the company. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. According to sources at Seplat, this singular act gave rise to a double whammy within Seplat; However, in early March 2023, the company CEO, Roger Brown had said Seplat was committed to pursuing the MPNU acquisition deal before a new president is sworn in by the end of May 2023. In its February 25, 2022 acquisition note, Seplat highlighted MPNU assets as a 40% operating ownership of 300 producing wells in 4 oil mining leases (OMLs 67, 68, 70, 104) and associated infrastructure, with NNPC being the 60% partner, the Qua Iboe Terminal, a 51% interest in Bonny River Terminal and Natural Gas Liquids Recovery Plants at EAP and Oso, 409 MMBBL of 2P liquid reserves, and 211 Bscf of 2P gas reserves, with the undeveloped gas potential of 2,910 Bscf. As of March 2021, Seplats board led by Orjiako, announced that the company would eliminate all related-party transactions. Seplat is facing internal crises and legal battles stemming from changes in managerial structure and the delayed acquisition of assets. OWNERSHIP Seplat Energy Plc (ex Seplat Petroleum Development Company Plc) specializes in exploring and producing oil and natural gas. Net sales break down by family of products as follows: - natural gas (21.2%). At the end of 2020, the group operated 7 onshore blocks located in Nigeria. Get short term trading ideas from the MarketBeat Idea Engine. The AFL admits its umpires erred in not awarding Nathan Murphy a free kick after he was clattered by Adelaide's Darcy Fogarty while failing to enforce the blood rule.Murphy was positioned under a high ball in the last quarter of the Magpies' thrilling win on Saturday when Fogarty crashed into him, front-on. Since then, SEPL shares have increased by 0.4% and is now trading at GBX 105.40. In its 2023 first quarter results, it reported higher revenue of 36.9% to $331 million. To see all exchange delays and terms of use please see Barchart's disclaimer. adunit = 'nairametrics.com_336x336_responsive_DFP', } Alex de Minaur has been beaten by qualifier Aslan Karatsev in the Madrid Open.19 went down 6-3 4-6 6-4 to the Russian, who is ranked 101 places below him, but is a former top-20 player. Is United Airlines Playing a Game of Limbo with Its Guidance? Significant control over Seplat Energy by private companies implies that the general public has more power to influence management and governance-related Seplat Petroleum Development Company - AnnualReports.com Transparency is how we protect the integrity of our work and keep empowering It seems that Private Companies own 33%, of the Seplat Petroleum Development stock. width: 100vw; How often does Seplat Energy pay dividends? The Ministry had said that Mr Brown was in possession of a Combined Expatriate Residence Permit and Aliens Card (CERPAC) that was not based on a validly issued Expatriate Quota approved by the Ministry of Interior resulting in the violation of relevant Immigration Laws and Regulations. The official website for the company is seplatpetroleum.com. The definition of company insiders can be subjective and does vary between jurisdictions. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. In the chart below, we zoom in on the different ownership groups of Seplat Energy. The ex-dividend date is Wednesday, May 17th. What is Seplat Energy's stock price today? WebWhat is the ownership structure of SEPL? As you can see, institutional investors have a fair amount of stake in Seplat Petroleum Development. To understand the root cause of events at the publicly listed company, we reviewed a series of events that have led up to this point. 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. (function () { Have feedback on this article? In their own names, insiders own UK17m worth of stock in the UK584m company. We aim to bring you long-term focused analysis driven by fundamental data. Visa Charges Higher After Better-Than-Expected Q2 Report, onsemi Puts A Bottom in Chip Stocks, Heads For New Highs, Checkpoint Software Leads Cyber-Security Stocks. Cookies to allow a better understanding of the use and performance of our website, to produce statistics, and to improve your browsing experience. Seplat Energy Plc Insider Trading & Ownership Structure Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Please log in to your account or sign up in order to add this asset to your watchlist. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. Case in point: We've spotted 6 warning signs for Seplat Petroleum Development you should be aware of. To everyones dismay, President Buhari reversed his earlier approval by August 10, 2022, blaming his indecision on the lack of coordination among sector agencies. The Securities and Exchange Commission, SECis a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market, SEC Towers, This may not be consistent with full year annual report figures. max-width: 850px; -, Ashoka WhiteOak holds IPO; Fox Marble agrees takeover, Naked Wines optimistic; Hotel Chocolat warns on sales, Visa, Work And Residence Permit In Nigeria- A Cursory Look At The SEPLAT Energy CEO'S Experience, Other Oil & Gas Exploration and Production, Sector Other Oil & Gas Exploration and Production, NEIMETH INTERNATIONAL PHARMACEUTICALS PLC, Chief Executive Officer & Executive Director, Chief Financial Officer & Executive Director, Chief Operating Officer & Executive Director, Senior Independent Non-Executive Director. 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. To get a sense of who is truly in control of Seplat Energy Plc (LON:SEPL), it is important to understand the ownership structure of the business. What is the dividend yield for Seplat Energy? The company also engages in the renewable energy generation activities. In September 2022, Bloomberg reported that Seplat Energy spent over $450 million on goods and services provided by companies linked to its two founders between 2010 and 2021. xmlhttp = new XMLHttpRequest();xmlhttp.onreadystatechange = function(){if(xmlhttp.readyState==4 && xmlhttp.status==200){var es = document.querySelectorAll("[data-id='"+adunit+"']");var e = Array.from(es).filter(function(e) {return !e.hasAttribute("data-rendered")});if(e.length > 0){e.forEach(function(el){var iframe = el.contentWindow.document;iframe.open();iframe.write(xmlhttp.responseText);iframe.close();el.setAttribute('data-rendered', true)})}}};var child=childNetworkId.trim()? However, shortly after President Buharis decision, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) publicly opposed the acquisition during a widely broadcasted television interview. Many institutions measure their performance against an index that approximates the local market. IRVING, Texas ExxonMobil has reached an agreement to sell its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy, a Nigerian independent oil and gas company, through its wholly-owned subsidiary Seplat Energy Offshore Limited. What Seplat is buying from Mobil. Should You Be Too? In-depth profiles and analysis for 20,000 public companies. The boardroom drama has led to an implosion that has seen mass retirement and resignations from key board members involved in the debacle. This might be a strategic stake, so it's worth watching this space for changes in ownership. The Commissions attention has been drawn to the recent reports in the media regarding Seplat Energy Plc (Seplat), a public companylisted onthe Nigerian Exchange Limited (NGX)and the London Stock Exchange (LSE). You have already added five stocks to your watchlist. By continuing your browsing on this website, you agree to the use of cookies in order to optimize the functionality of the maureletprom.fr website through the production of anonymous and statistical data. Institutional investors commonly compare their own returns to the returns of a commonly followed index. Seplat is demanding the sum of $5 billion in damages. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Post was not sent - check your email addresses! Dilution of Shares: Shareholders have not been meaningfully diluted in the past year. SEPLAT, as an indigenous exploration and production company in Nigeria is committed to the development of the capabilities of Nigerian companies in compliance with the provisos of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 for Nigerian Cement Development. Seplat Luckily, you can check this free report showing analyst forecasts for its future. This can indicate that the company has a certain degree of credibility in the investment community. Lagos State, Kano How much do Seplat Petroleum Development Company employees make? Fitch Upgrades Seplat to 'B'; Outlook Stable You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Tesla Continues to Defy Expectations, Is it Buyable Again? You can click here to see if those insiders have been buying or selling. 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 Justice Yellin Bogoro of the Federal High Court had issued an interim order restraining Orjiako, and the two firms, as well as their proxies in Nigeria and any jurisdiction worldwide, from receiving and or transferring assets and accounts of Seplat Energy Plc. Stockholders of record on Wednesday, May 17th will be given a dividend of GBX 0.03 per share on Friday, June 16th. Seplat Meanwhile, On July 11, 2022, Seplat announced that the Nigerian National Petroleum Company Limited (NNPCL) had initiated legal action in the State High Court of the Federal Capital Territory in Abuja. Inside Seplat's turbulent Board Room: Legal Battles, accusations This announcement was made after a Federal High Court in Lagos issued a Mareva Injunction restraining ABC Orjiako, and other firms linked to him, from accessing the accounts and assets of Seplat Energy Plc. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Get in touch with us directly. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. Brisbane will be without veterans Dayne Zorko and Daniel Rich for their huge clash with Carlton, while Port Adelaide midfielder Xavier Duursma has been sidelined for up to 10 weeks with a knee injury.The Lions' big win over Fremantle came at a cost with Zorko straining his hamstring and Rich suffering a calf strain, with the pair sidelined for three weeks through injury.
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