REG - Seplat Energy PLC - Update on MPNU Acquisition

Seplat EnergyAnnouncement

14/06/2024 09:30

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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
                      (mailto: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/ (http://seplatenergy.com/)

 

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