THUR. 06 APRIL 2023-theGBJournal | Seplat Energy Plc, announces today, that the Federal High Court sitting in Lagos, vacated the ex parte Interim Orders against Seplat, its CEO and its Board Chairman, including the orders that restrained the Chief Executive Officer, Roger Brown from participating in the running of the Company.
The case has been adjourned to May 16, 2023, to continue the hearing.
The ex parte Interim Orders were in relation to a court petition filed by 5 persons who claim to be minority
shareholders of the Company, collectively holding 161 units of shares.
Seplat Energy said it maintains that the petition lacks proper basis and is premised on false allegations.
Seplat Energy says it remains confident that the judicial process will address the circumstances appropriately. adding that ”it continues to engage with the Ministry of Interior.”
Seplat Energy Plc is Nigeria’s leading indigenous energy company. It is listed on the Nigerian Exchange Limited (NGX: SEPLAT) and the Main Market of the London Stock Exchange (LSE: SEPL).
The energy company is pursuing a Nigeria-focused growth strategy through participation in asset divestments by
international oil companies, farm-in opportunities, and future licensing rounds.
It is a leading supplier of gas to the domestic power generation market.
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