On looking further, we found that 56% of the shares are owned by the top 5 shareholders. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Please log in to your account or sign up in order to add this asset to your watchlist. Private companies may also have a strategic interest in the company. The company can be reached via phone at +234-1-2770400. Read what they think about their salaries on our Compensation FAQ page for Seplat Petroleum Development Company. In their own names, insiders own UK8.1m worth of stock in the UK297m company. It's always worth thinking about the different groups who own shares in a company. We also tend to see lower insider ownership in companies that were previously publicly owned. 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. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. Fitch Upgrades Seplat to 'B'; Outlook Stable - Fitch Ratings The company earns 62.41 million in net income (profit) each year or GBX 0.09 on an earnings per share basis. 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. 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 So they usually pay more attention to companies that are included in major indices. 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. Post was not sent - check your email addresses! Copyright 2019, Securities & Exchange Commission, Nigeria. 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. How much do Seplat Petroleum Development Company employees make? SEPLAT Since then, SEPL shares have increased by 0.4% and is now trading at GBX 105.40. Seplat Institutional investors commonly compare their own returns to the returns of a commonly followed index. We project Seplat to be broadly FCF-neutral in 2021-2025. 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. Shareholders would probably be interested to learn that insiders own shares in Seplat Petroleum Development Company Plc. How many employees does Seplat Energy have? Is United Airlines Playing a Game of Limbo with Its Guidance? 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. Dilution of Shares: Shareholders have not been meaningfully diluted in the past year. This may not be consistent with full year annual report figures. WebThe combined oil production of Seplat and Eland (as separate entities) in 2019 stood at 32,898 bopd and as per independent reserve assessments at 1 January 2020 the acquisition has increased Seplats 2P reserves and 2C resources base by 9.6% to 615 MMboe. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Kano Seplat Energy Plc says it is ready to move on from its challenges. Read our dividend analysis for SEPL. 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. .uniq_1764707858073873 { Seplat Petroleum Development is not owned by hedge funds. No: 1000005401 Furnish details of company ownership and shareholding structure. .uniq_1764707858073873 { 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. Real-time analyst ratings, insider transactions, earnings data, and more. Cookies necessary to ensure the optimal functioning of our website. So they generally do consider buying larger companies that are included in the relevant benchmark index. Taking a look at our data on the ownership groups (below), it seems that institutional investors have bought into the company. Owner Type Number of Shares Ownership Percentage; Individual Insiders: 17,039,930: 2.9%: Hedge Funds: 52,544,527: 9.0%: If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. 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%. The community relies on everyone sharing. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. (844) 978-6257. All rights reserved. Alternatively, email editorial-team@simplywallst.com. In the chart below, we zoom in on the different ownership groups of Seplat Energy. Off Adeola Odeku Street, Victoria Island View which stocks are hot on social media with MarketBeat's trending stocks report. However, on some occasions too much power is concentrated within this group. 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. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. After ABC Orjiako stepped down as Board Chairman at Seplat, the company had a consultancy arrangement with him, which obliged him to provide defined assistance to certain external stakeholders. The Commission will continue to work with the Board of Seplat to monitor the situation and take effective measures to preserve the integrity and transparency of the capital market. 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. Seplat Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company, has announced a new shareholder with over Seplat reveals new Secure and increase the performance of your investments with our team of experts at your side. 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 They participate in particular in security, ergonomics and the choice of language of the website. 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. Fitch Upgrades Seplat to 'B'; Outlook Stable Our model gets smarter over time as more people share salaries on Glassdoor. }. Private companies may also have a strategic interest in the company. SEPLAT.NG | SEPLAT Energy PLC Company Profile A look at the shareholders of Seplat Petroleum Development Company Plc (LON:SEPL) can tell us which group is most powerful. Our data indicates that hedge funds own 9.0% of Seplat Energy. 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). 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. 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. 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 can see that Seplat Energy does have institutional investors; and they hold a good portion of the company's stock. Strengthened Liquidity: Seplat had USD220 million of unrestricted cash at 30 September 2021. Meanwhile, the company will embark on a recruitment process to select a new Board Chairman and establish a new level of corporate governance as the company works to resolve all pending legal issues as well as its acquisition of MPNU assets. WebCompany profile for SEPLAT Energy PLC including key executives, insider trading, ownership, revenue and average growth rates. In their own names, insiders own UK17m worth of stock in the UK584m company. 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. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. What Seplat is buying from Mobil. 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? Meanwhile, individual investors make up 30% of the companys shareholders. It also benefited from a USD350 SEPLAT This employer has not claimed their Employer Profile and is missing out on connecting with our community. How Much Of Seplat Petroleum Development Company Plc 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. Seplat Petroleum Development Company - Wikipedia 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. 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. All rights reserved. have bought more shares than they have sold in the past 3 months. Seplat In order to improve our community experience, we are temporarily suspending article commenting. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. var size='300x250', Have feedback on this article? On November 17, 2021, Seplat announced that ABC Orjiako would step down from his position as Board Chairman in May 2022. 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). Luckily, you can check this free report showing analyst forecasts for its future. Despite these challenges, Seplat reported higher revenue and pre-tax profits in the first quarter of 2023, and has announced a Boardroom succession plan to strengthen corporate governance and retire some board members. CLAIMS OVER OWNERSHIP OF SEPLAT THISDAYLIVE Aston Villa CEO, Christian Purslow believes the Premier League should be investigating to determine the ownership structure of Newcastle United. 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. 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. 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. Investors | Seplat Energy This represents a yield of 2.36%. Its worth noting that neither Seplat Energy nor Seplat Energy Offshore Limited was involved in the lawsuit. The ex-dividend date is Wednesday, May 17th. 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. Of Seplat Petroleum Development Company Plc The investors who had purchased shares after the initial deal was struck and were worried about the flip-flopping of the Nigerian government. Despite these challenges, the company has surprisingly avoided the boardroom mele impacting its revenues. Our daily ratings and market update email newsletter. 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. contact@marketbeat.com American Consumer News, LLC dba MarketBeat 2010-2023. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. 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.