Sky Sports News on Twitter: "Aston Villa CEO, Christian Purslow Inside Seplat's turbulent Board Room: Legal Battles, accusations Overview 50 Reviews 1 Jobs 25 Salaries 9 Interviews 22 Benefits 4 Photos 17 Diversity Follow + Add a Salary What are your colleagues talking about? Concerned about the content? In other words, these shareholders have a meaningful say in the decisions of the company. With 47% stake, private companies possess the maximum shares in the company. click here to see if those insiders have been buying or selling. Rivers State. It also benefits from a USD350 million undrawn RCF due in December 2023 and USD39 million availability under a committed USD50 million junior off-take credit facility due in 2027. Seplat Energy PLC SEPLAT Ownership - XNSA It might be worth looking deeper into this. But to truly gain insight, we need to consider other information, too. Should You Be Too? Stockholders of record on Wednesday, May 17th will be given a dividend of GBX 0.03 per share on Friday, June 16th. Our data indicates that hedge funds own 9.0% of Seplat Energy. Receive SEPL Stock News and Ratings via Email. Additionally, the company's CEO Roger Brown directly holds 0.6% of the total shares outstanding. ','+childNetworkId.trim():'';xmlhttp.open("GET", 'https://pubads.g.doubleclick.net/gampad/adx?iu=/147246189'+child+'/'+adunit+'&sz='+encodeURI(size)+'&t=Placement_type%3Dserving&'+Date.now(), true);xmlhttp.send();})(); !function(){var t="611a52ccd5cc7aa94a532b7d",e="widget_611a52ccd5cc7aa94a532b7d",a=document.createElement("script");a.type="text/javascript",a.setAttribute("data-cfasyn","false"),a.src="https://widget-cdn.ketshwa.com/m/p/611a52ccd5cc7aa94a532b7d/1256.js",a.async=!0,document.body.appendChild(a),a.onload=function(){KetshwaSDK.showWidget(t,e)}}(); Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |, Afrihealths Rigour+ aims to tackle medical brain drain, and counterfeit drugs in Nigeria with innovative healthcare solutions, Leaving the Tarmac: Buying a Bank in Africa shortlisted for BCA African Business Book of the Year, CBN pumps N701 billion back into circulation in March 2023 to ease cash at ATMs. 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. What is the dividend yield for Seplat Energy? 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. I generally consider insider ownership to be a good thing. Seplat Seplat adunit = 'nairametrics.com_336x336_responsive_DFP', This implies the analysts working for those institutions have looked at the stock and they like it. By February 13, 2023, Seplat suspended the consultancy agreement with its former Chairman, ABC Orjiako through Amaze Limited. Seplat Petroleum Development Company - Wikipedia You can see Seplat Petroleum Development's historic earnings and revenue below, but keep in mind there's always more to the story. 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. 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. Seplat, a Nigerian oil and gas company listed on the Nigerian Exchange (NGX) and the London Stock Exchange, is facing internal crises and legal battles stemming from changes in managerial structure and the delayed acquisition of Mobil Producing Nigeria Unlimited assets. 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. 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SEPLAT ENERGY PLC : Shareholders Board Members Cash generated from operations was also robust at $139.9 million even though it is 21.7% lower when compared to the period. Get short term trading ideas from the MarketBeat Idea Engine. Seplat Energy Plc's (LON:SEPL) largest shareholders are private Since then, SEPL shares have increased by 0.4% and is now trading at GBX 105.40. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. 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 is not owned by hedge funds. Seplat is a small oil and gas How often does Seplat Energy pay dividends? 326 E 8th St #105, Sioux Falls, SD 57103 Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Concerned about the content? This risk is higher in a company without a history of growth. 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. 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 Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. AFL chief executive-elect Andrew Dillon says he prefers the traditional AFL grand final time of 2.30pm ahead of twilight or night options. Who are the major shareholders and have insiders been buying or selling? Read our dividend analysis for SEPL. 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). Let's delve deeper into each type of owner, to discover more about Seplat Petroleum Development. Seplat Energys $318m cash generation, huge capital investment drive shareholders fortune Seplat Petroleum Development Company Plc, held its hybrid Seplat Energy trades on the London Stock Exchange (LON) under the ticker symbol "SEPL.". Seplat 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. It generates hydrocarbon through seven oil and gas blocks in the Niger Delta region. At first observation, the ownership skirmishes at Seplat closely resemble the case of the two Hebrew women who approached the judgement throne of King Solomon, 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. WebWhat is the ownership structure of SEPLAT? 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. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. Read what they think about their salaries on our Compensation FAQ page for , Summer Legal salaries - 3 salaries reported, Project Engineer salaries - 1 salaries reported, Budget Manager salaries - 1 salaries reported, HSE Specialist salaries - 1 salaries reported, Graduate Engineer salaries - 1 salaries reported, Electrical Engineering salaries - 1 salaries reported, Administrative Assistant salaries - 1 salaries reported, Piping Engineer salaries - 1 salaries reported, Joint Venture Planning and Cost Engineer salaries - 1 salaries reported, Internship salaries - 1 salaries reported, Graduate Trainee salaries - 1 salaries reported, Lead Cost Estimator salaries - 1 salaries reported, Warehousing, Rigging & Material Handling salaries - 1 salaries reported, Senior Metering Engineer salaries - 1 salaries reported, Mechanical Engineer salaries - 1 salaries reported, Operations salaries - 1 salaries reported, Contractor salaries - 1 salaries reported, Reservoir Engineer salaries - 1 salaries reported, Business Management Graduate Scheme salaries - 1 salaries reported. 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. Seplat Energy (LON:SEPL) pays an annual dividend of GBX 8 per share and currently has a dividend yield of 8.15%. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. 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. Sorry, your blog cannot share posts by email. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. this free report showing analyst forecasts for its future, MasterChef judge Jock Zonfrillo dies aged 46, Crocodile snatches dog in terrifying video footage, F1 world in disbelief over 'terrifying' incident at Azerbaijan Grand Prix, Chaos as millions 'suffer' during Chinese national holiday: 'Dystopian nightmare', Prince Harry to leave UK just two hours after coronation: 'In and out', JPMorgan boosts Wall St, Fed meet in focus, De Minaur defeat costs him chance to take on Medvedev, AFL CEO-elect prefers day grand final timeslot, Donald Trump requests mistrial in rape civil case, Fiji former attorney-general taken into custody, Lions in double injury blow, Power's Duursma sidelined, Umpires got Nathan Murphy non-free kick call wrong: AFL, Charles settles into life as monarch, after long wait, Women charged after children found living in squalor, Essendon's Durham banned for dangerous tackle, Jailed crime boss says he sold footwear, not drugs, Reduced boundaries won't win Ashes for England: Healy, Abdo intervention prompts Reynolds ref abuse charge, Police officer stabbed 'seconds' after arriving at job, Fifth man charged over Sydney gangland shooting, NRL concedes error on crucial golden point call, Government action urged to combat gambling harm, Home-grown ballet double bill celebrates identity, Republican Hipkins has no plans for a NZ Republic, McReight welcomes World Cup 'wrestle' with Hooper. It's hard to say for sure but this suggests they have entwined business interests. Governance structure | Our governance | Our company | Seplat The Securities and Exchange Commission, SECis a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market, SEC Towers, contact@marketbeat.com Sign-up to receive the latest news and ratings for Seplat Energy and its competitors with MarketBeat's FREE daily newsletter. This article examines the events that have caused internal crises and legal battles at Seplat, a Nigerian oil and gas company, and discusses the resulting effects on its operations and reputation. Private companies may also have a strategic interest in the company. Director of External Affairs & Sustainability. 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. This may not be consistent with full year annual report figures. Home; Exclusives. SEPL Institutional Ownership and Shareholders - SEPLAT Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Lagos State, Kano Duolingo Speaking Volumes: Forms Bullish Chart Ahead of Earnings, Caterpillar Being Weighed Down by Negative Investor Sentiment, Q1 2023: Seplat Energy post 69% increase in gross profit, Seplat Energy: Transforming Education In Nigeria Through Innovation, Get MarketBeat All Access Free for 30 Days, 2023Q1: Seplat Energys Revenue Up 36.9%, Offers $0.03 Dividend, Seplat Energy grows revenue by 36.9% amid crisis, Seplat Energy Plc (LON:SEPL) Declares Dividend of $0.03, Seplat Energy Chairman to Retire Before 2024 AGM, Seplat Energy chair to resign and firm eyes improved governance, Seplats director, Fabian Ajogwu, resigns, cites external interferences, Seplats notice of withdrawal on criminal charges fraudulent CSO, Nigeria: In New Twist, Govt Withdraws Immigration Case Against Seplat's CEO, Others, Nigerian Govt Withdraws Immigration Lawsuit, Says Seplat, Nigeria: Govt Withdraws Immigration Case Against Seplat CEO, Others, FG withdraws immigration case against Seplats CEO, Seplat Energy Says Nigerian Government Files Immigration Suit Against It, Seplat crisis not related to its economic activities SEC DG, Breach of Immigration Act: FG files criminal charges against Seplat, Roger Brown, Omiyi, others, Govt Drags Seplat's CEO, Others to Court Over Alleged Breach of Immigration Law, Seplat provides FG required documents in immigration suit, Our Sustainability Drive Aggressive, Unwavering Seplat COO, Seplat Energy Unveils Plans To Fight Poverty Through Youth Empowerment Capacity Development, Seplat Energy Restates Commitment To Youth Entrepreneurship Growth, Seplat Doles Out N16.5m Seed Money To 23 Budding SMEs, Seplat Energy lifts young entrepreneurs with grants, Seplats corporate governance issues: Matters arising, 25A Lugard Avenue, Ikoyi, LAGOS, 101222, Nigeria. The ex-dividend date is Wednesday, May 17th. .uniq_1764707858073873 { 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. 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. No: 1000005401 Furnish details of company ownership and shareholding structure. Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. The Australian Ballet will showcase two world premiere dance pieces as part of its 60th anniversary.The double bill Identity features Paragon by resident choreographer Alice Topp. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Get daily stock ideas from top-performing Wall Street analysts. The companys share price in the last year is down 7% and 19.1% respectively on the NGX and the London Stock Exchange respectively. They participate in particular in security, ergonomics and the choice of language of the website. 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. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Seplat Energy Plc (ex Seplat Petroleum Development Company Plc) specializes in exploring and producing oil and natural gas. Seplat has over N309 billion of debt inclusive of cash of N112 billion as of its 2021 third quarter results. Of Seplat Petroleum Development Company Plc 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. When such a trade goes wrong, multiple parties may compete to sell stock fast. Aston Villa CEO, Christian Purslow believes the Premier League should be investigating to determine the ownership structure of Newcastle United. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Notably, sometimes top-level managers are on the board themselves. Case in point: We've spotted 6 warning signs for Seplat Petroleum Development you should be aware of. Sign up here. Delayed London Stock Exchange It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. 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. During the period highlighted, Seplat paid $410 million to companies associated with Orjiako and $299 million to companies associated with Avuru, according to the companys annual reports. 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). Learn how it impacts everything we do. Fitch Upgrades Seplat to 'B'; Outlook Stable - Fitch Ratings With 14% and 9.0% of the shares outstanding respectively, Petrolin Group and Sustainable Capital Ltd are the second and third largest shareholders. One share of SEPL stock can currently be purchased for approximately GBX 105.40. Check out our latest analysis for Seplat Petroleum Development. Shareholders of Seplat Petroleum Development Company Plc have expressed optimism that the new chief executive officer(CEO) of the company, Mr. Roger 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. Seplat reveals new shareholder with over 5% equity Seplat Energy (LON:SEPL) has a market capitalization of 620.22 million and generates 951.80 million in revenue each year. } 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. } You have already added five stocks to your watchlist. The official announcement can be viewed at this link. NRL chief executive Andrew Abdo invoked his power for the match review committee to consider their charges before Josh Reynolds was cited for Sunday's outburst at officials.Reynolds has been hit with a grade-one contrary conduct charge after his halftime abuse of referee Grant Atkins in Canterbury's win over St George Illawarra. Introduction to Ownership Structure The company employs 528 workers across the globe. In their own names, insiders own UK17m worth of stock in the UK584m company. As you can see, institutional investors have a fair amount of stake in Seplat Petroleum Development. Seplat Petroleum Development is not owned by hedge funds. Its worth noting that neither Seplat Energy nor Seplat Energy Offshore Limited was involved in the lawsuit. Management ultimately answers to the board. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? SEPLAT was formed in June 2009 through the partnership of Shebah Petroleum Development Company Limited and Platform Petroleum Joint Ventures Limited to specifically pursue upstream oil and gas opportunities in Nigeria, and in particular divestment opportunities arising out of the incumbent Major IOC's portfolios. SEPLAT But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Comfortable Liquidity: Seplat had USD324 million of unrestricted cash at 31 December 2021. Export data to Excel for your own analysis. Includes shallow-water affiliate; ExxonMobil to retain deepwater assets. It might be worth looking deeper into this. 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 We aim to bring you long-term focused analysis driven by fundamental data. Identify stocks that meet your criteria using seven unique stock screeners. Transparency is how we protect the integrity of our work and keep empowering .uniq_1764707858073873 { What other stocks do shareholders of Seplat Energy own? Liquidity and Debt Structure. Exposure to Nigerian Banks Reduced: As a general policy, the company usually retains around 70% of its total cash in US dollars and around 70% of the US dollar cash is held offshore. click here to see if those insiders have been buying or selling. 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. Our goal is to create a safe and engaging place for users to connect over interests and passions. A look at the shareholders of Seplat Petroleum Development Company Plc (LON:SEPL) can tell us which group is most powerful. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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. 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. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Copyright 2023 Surperformance. height: calc((850px) * 9 / 16); Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. How many employees does Seplat Energy have? Case in point: We've spotted 2 warning signs for Seplat Energy you should be aware of.

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