Seplat Energy Plc says it is ready to move on from its challenges. We can report that insiders do own shares in Seplat Energy Plc. However, on some occasions too much power is concentrated within this group. All rights reserved. width: 100vw; Seplat is a small oil and gas WebWhat is the ownership structure of SEPLAT? But just like anyone else, they could be wrong. P.M.B:12638 Marina Our research also brought to light the fact that roughly 52% of the company is controlled by the top 4 shareholders suggesting that these owners wield significant influence on the business. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Cookies to allow a better understanding of the use and performance of our website, to produce statistics, and to improve your browsing experience. The community relies on everyone sharing. 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. 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. You can see Seplat Petroleum Development's historic earnings and revenue below, but keep in mind there's always more to the story. Shareholders would probably be interested to learn that insiders own shares in Seplat Petroleum Development Company Plc. View our latest analysis for Seplat Energy. Also submit photocopies of its CAC Forms CO2 and CO7. Seplat Energy announced a dividend on Thursday, April 27th. Seplat Petroleum Development Company Is this your company? However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. 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. The company can be reached via phone at +234-1-2770400. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. 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. The investors who had purchased shares after the initial deal was struck and were worried about the flip-flopping of the Nigerian government. Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. This may not be consistent with full year annual report figures. What other stocks do shareholders of Seplat Energy own? Upgrade to MarketBeat All Access to add more stocks to your watchlist. Seplat Energy's mailing address is 25A Lugard Avenue, Ikoyi, LAGOS, 101222, Nigeria. 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. Director of External Affairs & Sustainability. This shows at least some alignment. Institutional investors commonly compare their own returns to the returns of a commonly followed index. Seplat Energys $318m cash generation, huge capital investment drive shareholders fortune Seplat Petroleum Development Company Plc, held its hybrid c) Provide evidence of what @media (min-width: 850px) { After waiting longer than any British heir to become monarch, King Charles III has quietly settled into his new role with little of the drama some commentators had expected, but with family divisions and some fundamental issues still looming.The 74-year-old Charles, who will be formally crowned on Saturday, was the oldest sovereign to take the throne in a lineage that dates back 1000 years when he succeeded his hugely popular mother Queen Elizabeth II after her death last September. The definition of company insiders can be subjective and does vary between jurisdictions. How many employees does Seplat Energy have? Management ultimately answers to the board. The plan involves the retirement of Mr Basil Omiyi as Board Chairman, as well as the retirement of Senior Independent Non-Executive Director (SINED), Dr Charles Okeahalam before the companys Annual General Meeting in May 2024. max-width: 850px; Our goal is to create a safe and engaging place for users to connect over interests and passions. Liquidity and Debt Structure. Our data indicates that hedge funds own 9.0% of Seplat Energy. 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). 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. Shareholders were divided between looking for an exit strategy and staying on course until the company receives government approval for the MPNU acquisition. This implies the analysts working for those institutions have looked at the stock and they like it. 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. 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. Seplat Energy Plc (ex Seplat Petroleum Development Company Plc) specializes in exploring and producing oil and natural gas. 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. Please log in to your account or sign up in order to add this asset to your watchlist. Many look for medium term catalysts that will drive the share price higher. That's interesting, because hedge funds can be quite active and activist. As you can see, institutional investors have a fair amount of stake in Seplat Petroleum Development. WebSEPLAT EAST ONSHORE LIMITED TENDER OPPORTUNITY: PROVISION OF PRODUCTION CHEMICALS (OML 53 JISIKE & OHAJI ONSHORE FIELDS) NipeX Tender Ref. It generates hydrocarbon through seven oil and gas blocks in the Niger Delta region. 326 E 8th St #105, Sioux Falls, SD 57103 With 47% stake, private companies possess the maximum shares in the company. Seplat Energy also announced that the Lagos Federal High Court has vacated the ex parte interim orders against Seplat, its Chief Executive Officer, and its Board Chairman. 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. have bought more shares than they have sold in the past 3 months. NNPCL requested a declaration that a dispute had arisen between itself and MPNU regarding the interpretation of pre-emption rights under their Joint Operating Agreement (JOA) and asked the court to order NNPC and MPNU to engage in arbitration as required by the JOA. Those businesses were connected to both Orjiako and Avurus family members. Seplat Petroleum Development Company (SEPLAT) is a Nigerian independent oil and gas company listed on both the London and Nigerian Stock Exchanges with a strategic focus in the Niger Delta of Nigeria. So they generally do consider buying larger companies that are included in the relevant benchmark index. Comfortable Liquidity: Seplat had USD324 million of unrestricted cash at 31 December 2021. Join thousands of other investors who make better investing decisions with our premium tools. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. 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. Please read our Financial Services Guide before deciding whether to obtain financial services from us. 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. Luckily, you can check this free report showing analyst forecasts for its future. Essendon dasher Sam Durham has been slapped with a one-match ban for a dangerous tackle on Geelong's Mark Blicavs.Durham is the latest player cited under the AFL's crackdown on dangerous tackles, after slinging Blicavs to the MCG turf in the third quarter of Essendon's 28-point loss on Sunday. Home; Exclusives. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. What is Seplat Energy's stock price today? Seplat is facing internal crises and legal battles stemming from changes in managerial structure and the delayed acquisition of assets. Shares of SEPL stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). The company also engages in the renewable energy generation activities. By February 13, 2023, Seplat suspended the consultancy agreement with its former Chairman, ABC Orjiako through Amaze Limited. In March 2023, the company decided to terminate the contract due to repeated corporate governance breaches of a material nature, such as unilaterally making significant commitments on behalf of Seplat and using the companys letterhead to communicate said commitments without prior approval by the Board. However, shortly after President Buharis decision, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) publicly opposed the acquisition during a widely broadcasted television interview. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. One share of SEPL stock can currently be purchased for approximately GBX 105.40. Read our dividend analysis for SEPL. 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%. 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. The ex-dividend date is Wednesday, May 17th. Case in point: We've spotted 6 warning signs for Seplat Petroleum Development you should be aware of. This may not be consistent with full year annual report figures. -, 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. We aim to bring you long-term focused analysis driven by fundamental data. A Brothers 4 Life member chose by himself to sell ice while the gang's founder worked with the drug dealer to sell shoes and tap fittings, a NSW jury has heard.Bassam Hamzy is on trial in the Downing Centre District Court over allegations he sold methylamphetamine while incarcerated, giving directions through his lawyer Martin Churchill to gang members outside. 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 Get in touch with us directly. This can indicate that the company has a certain degree of credibility in the investment community. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Get short term trading ideas from the MarketBeat Idea Engine. View the best growth stocks for 2023 here. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. Ian Healy says England are at risk of overthinking the Ashes series if they push for shortened boundaries against Australia in a bid to suit the hosts' new-found attacking approach to Test cricket.A UK newspaper reported England officials had hoped to utilise smaller grounds this winter, with boundary ropes brought in well off the fence. Aston Villa CEO, Christian Purslow believes the Premier League should be investigating to determine the ownership structure of Newcastle United. WebThe 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. AFL chief executive-elect Andrew Dillon says he prefers the traditional AFL grand final time of 2.30pm ahead of twilight or night options. African Alliance House (4th Floor), F1, Sani Abacha Way/Airport Road, Opposite KLM Airlines It's hard to say for sure but this suggests they have entwined business interests. No: 1000005401 Furnish details of company ownership and shareholding structure. The company earns 62.41 million in net income (profit) each year or GBX 0.09 on an earnings per share basis. WebSeplat Petroleum Development Company Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. On Tuesday, April 25, Seplat Energy Plc which is listed on both the Nigerian Exchange Limited and the London Stock Exchange, announced a Boardroom succession plan that will help the company move on from recent challenges and strengthen corporate governance. Should You Be Too? Based on aggregate information from My MarketBeat watchlists, some companies that other Seplat Energy investors own include Alphabet (GOOG), Brookdale Senior Living (BKD), CenterPoint Energy (CNP), American Cannabis (AMMJ), Novus Therapeutics (NVUS), NextEra Energy (NEE), GSK (GSK), AFR.L (AFR), Cellectis (CLLS) and N Brown Group (BWNG). SEPL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Simply Wall St has no position in any stocks mentioned. View which stocks are hot on social media with MarketBeat's trending stocks report. 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. Sources within the company mention that there are some aggrieved parties who may be working against the company to further their own agenda threatening to impact Seplats long-term success if they are not addressed. It might be worth looking deeper into this. Join A Paid User Research SessionYoull receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Seplat Energy. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Sign up here. But to understand Seplat Petroleum Development better, we need to consider many other factors. In their own names, insiders own UK8.1m worth of stock in the UK297m company. Concerned about the content? 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Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. But he expressed confidence that the company would do better going forward for many reasons, one of which is Seplat being listed on the London Stock Exchange and its activities will be scrutinized publicly, unlike on the Nigerian Exchange where companies may get away with unethical practices. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 5b Isaiah Odolu Street, GRA phase 2 The company employs 528 workers across the globe. The S&P; 500 and the Dow edged higher as JPMorgan shares rose after the lender said it will buy most of First Republic Bank's assets, while investors refrained from making big bets ahead of the Federal Reserve's policy decision this week.JPMorgan Chase & Co's shares rose 2. Notably, sometimes top-level managers are on the board themselves. 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. It seems that Private Companies own 47%, of the Seplat Energy stock. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. (function () { Seplat Energy (LON:SEPL) has a market capitalization of 620.22 million and generates 951.80 million in revenue each year. On looking further, we found that 56% of the shares are owned by the top 5 shareholders. Delayed London Stock Exchange Lagos State, Kano Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Seplats acquisition of Mobil Producing Nigeria Unlimited assets has been delayed due to legal battles, including a dispute with Nigerian National Petroleum Company Limited over pre-emption rights under their Joint Operating Agreement. We aim to bring you long-term focused analysis driven by fundamental data. To everyones dismay, President Buhari reversed his earlier approval by August 10, 2022, blaming his indecision on the lack of coordination among sector agencies. } Seplat Energy (LON:SEPL) pays an annual dividend of GBX 8 per share and currently has a dividend yield of 8.15%. How often does Seplat Energy pay dividends? Seplat Petroleum Development Company employees attributed a compensation and benefits rating of 3.7/5 stars to their company. Our data reflects individual insiders, capturing board members at the very least. All rights reserved. In-depth profiles and analysis for 20,000 public companies. Concerned about the content? Read what they think about their salaries on our Compensation FAQ page for Seplat Petroleum Development Company. 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. } It operates a seven oil and gas Our daily ratings and market update email newsletter. You can click here to see if those insiders have been buying or selling. 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. Seplat Petroleum Development Company employees attributed a compensation and benefits rating of 3.7/5 stars to their company. Fraser McReight concedes he may still be the apprentice but says "master" Michael Hooper might be taking some notes of his own when the flankers clash in Townsville.McReight's Queensland Reds will host the NSW Waratahs on Saturday in a Super Rugby Pacific match of consequence, with the rivals sitting clear in sixth and seventh positions respectively and keen to move away from the chasing pack. The Securities and Exchange Commission, Nigeria Public Statement On Recent Reports On Seplat Energy PLC 29/03/2023 The Commissions attention has been drawn to the recent reports in the media regarding Seplat Energy Plc (Seplat), a public company listed on the Nigerian Exchange Limited (NGX) and the London Stock Payout ratios above 75% are not desirable because they may not be sustainable. According to the Bloomberg report cited, Seplat made payments to 18 companies associated with its founders, Austin Avuru and ABC Orjiako for services rendered. This employer has not claimed their Employer Profile and is missing out on connecting with our community. The Securities and Exchange Commission, SECis a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market, SEC Towers, Check out our latest analysis for Seplat Petroleum Development. A minority shareholder told Nairametrics that it is a matter of concern that the company spent over $450 million on goods and services provided by companies linked to its founders between 2010 and 2021. 27 Apr 2023 21:46:07 You can see Seplat Energy's historic earnings and revenue below, but keep in mind there's always more to the story. In order to improve our community experience, we are temporarily suspending article commenting.