seplat ownership structure

Seplat Energy (LON:SEPL) pays an annual dividend of GBX 8 per share and currently has a dividend yield of 8.15%. It's hard to say for sure but this suggests they have entwined business interests. We also tend to see lower insider ownership in companies that were previously publicly owned. But the new ownership structure provides a way to put the value that comes with responsible growth to work fighting the climate crisis. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The Securities and Exchange Commission, SECis a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market, SEC Towers, On looking further, we found that 56% of the shares are owned by the top 5 shareholders. Join thousands of other investors who make better investing decisions with our premium tools. 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? View the best growth stocks for 2023 here. It might be worth looking deeper into this. 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. Additionally, the company's CEO Roger Brown directly holds 0.6% of the total shares outstanding. FOCUSED AND DOMINANT CONSOLIDATOR IN THE 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. Seplat Energy Plc's (LON:SEPL) largest shareholders are private We can see that Seplat Energy does have institutional investors; and they hold a good portion of the company's stock. Should You Be Too? In its 2023 first quarter results, it reported higher revenue of 36.9% to $331 million. Real-time analyst ratings, insider transactions, earnings data, and more. Transparency is our policy. 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. 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 Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. When such a trade goes wrong, multiple parties may compete to sell stock fast. SEPL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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. 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. height: 56.25vw; It seems that Private Companies own 33%, of the Seplat Petroleum Development stock. Our daily ratings and market update email newsletter. Is United Airlines Playing a Game of Limbo with Its Guidance? c) Provide evidence of what Check out our latest analysis for Seplat Petroleum Development. I generally consider insider ownership to be a good thing. Seplat Energy Plc Insider Trading & Ownership Structure 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. How often does Seplat Energy pay dividends? Transparency is how we protect the integrity of our work and keep empowering 3, Idejo Street, Opposite ICON House, 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. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. 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. View detailed SEPLAT.NG description & Case in point: We've spotted 2 warning signs for Seplat Energy you should be aware of. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In other words, the group stands to gain the most (or lose the most) from their investment into the company. SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC: INVITATION Kano Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Post was not sent - check your email addresses! The boardroom drama has led to an implosion that has seen mass retirement and resignations from key board members involved in the debacle. WebSeplat Petroleum Development Company Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. WebCurrently, Roger Thompson Brown is Chief Executive Officer & Executive Director at Seplat Energy Plc. The company also reported a pre-tax profit of $86.1 million representing a 3.2% jump over the same period in 2022. xmlhttp = new XMLHttpRequest();xmlhttp.onreadystatechange = function(){if(xmlhttp.readyState==4 && xmlhttp.status==200){var es = document.querySelectorAll("[data-id='"+adunit+"']");var e = Array.from(es).filter(function(e) {return !e.hasAttribute("data-rendered")});if(e.length > 0){e.forEach(function(el){var iframe = el.contentWindow.document;iframe.open();iframe.write(xmlhttp.responseText);iframe.close();el.setAttribute('data-rendered', true)})}}};var child=childNetworkId.trim()? Researching institutional ownership is a good way to gauge and filter a stock's expected performance. WebCompany profile for SEPLAT Energy PLC including key executives, insider trading, ownership, revenue and average growth rates. Our model gets smarter over time as more people share salaries on Glassdoor. 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. 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. 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. Shareholders of Seplat Petroleum Development Company Plc have expressed optimism that the new chief executive officer(CEO) of the company, Mr. Roger click here to see if those insiders have been buying or selling. Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company, has announced a new shareholder with over Seplat reveals new 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, Tesla Continues to Defy Expectations, Is it Buyable Again? View which stocks are hot on social media with MarketBeat's trending stocks report. 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. View our latest analysis for Seplat Energy. A look at the shareholders of Seplat Petroleum Development Company Plc ( LON:SEPL) can tell us which group is most powerful. American Consumer News, LLC dba MarketBeat 2010-2023. Fitch Upgrades Seplat to 'B'; Outlook Stable - Fitch Ratings Seplat Petroleum Development Company - AnnualReports.com Copyright 2019, Securities & Exchange Commission, Nigeria. Liquidity and Debt Structure. Export data to Excel for your own analysis. Director of External Affairs & Sustainability. The NRL concedes officials missed a crucial knock-on call late in Canberra's golden-point win over the Dolphins.With scores locked at 30-30, Canberra's Hudson Young knocked the ball forward into the arm of Ray Stone, before the Raiders regained possession. 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. height: calc((850px) * 9 / 16); 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. You have already added five stocks to your watchlist. By continuing your browsing on this website, you agree to the use of cookies in order to optimize the functionality of the maureletprom.fr website through the production of anonymous and statistical data. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. 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 Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Seplat Energy Plc says it is ready to move on from its challenges. To everyones dismay, President Buhari reversed his earlier approval by August 10, 2022, blaming his indecision on the lack of coordination among sector agencies. Metro Pacific Investments Corporation is currently the largest shareholder, with 21% of shares outstanding. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Meanwhile, ABC Orjiako responded by denying any wrongdoing in the letter he initiated to the Federal Government to facilitate the consummation of the lingering $1.3 million MPNU deal, saying he acted within the scope of his mandate for the benefit of the company. (function () { 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. Private companies may also have a strategic interest in the company. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. Includes shallow-water affiliate; ExxonMobil to retain deepwater assets. These include the orders that restrained the companys CEO Roger Brown from participating in the running of the Company. Supporting documents of capital market transactions that have been approved by SEC Nigeria, International Organisations of Securities Commissions, West Africa Securities Regulators Association, Description of Directorates and Departments, Organisations and Individuals Registered By SEC, Request for an intepretation of a law, rule, code or guideline, Code of Conduct for Shareholders Associations, Guidance on the implementation of sections 60-63 of ISA 2007, SEC Guidelines on Sustainable Financial Principles for the Capital Market, Administrative Proceedings Committee Matters, Check if a company or person is registered to do investment business in Nigeria, Check if you have some unclaimed dividends, Registration as a Capital Market Operator, Minimum capital requirements for Capital Market Operators, Specific Application Guidelines for Capital Market Operator Function, Nature of Application requirements, fees and implementation time-frame, Registration of Capital Market Securities/Products, Registration of IPOs (CIS, REIT, ETF), PE/VC, Infrastructure and Specialized Funds, Reporting Template On Sustainable Financial Principles For The Nigerian Capital Market, Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Returns, Current Value (Position) of Foreign Investment Managed on Behalf of Nigerian Residents (USD)), Foreign Transactions on Behalf of Nigerian Residents, Domestic Transactions on Behalf of Non-Resident Investors, Ownership Structure of Nigerian Companies, Requirements for Filing of Returns by Capital Market Operators, Regulatory Returns Filing Calendar For Public Companies, List of Registered Shareholders Associations, Weekly Net Asset Value Data for Collective Investment Schemes, Monthly Net Asset Value Data For Collective Investment Schemes, Monthly Net Asset Value(NAV) Of Exchange Traded Funds(ETFS), Quarterly Update on Private Equity and Infrastructure Funds, Nigerian Commodities Trading Ecosystem Bulletin, Notice of Acceptance of Applications for the Regulatory Incubation (RI) Program, Blacklisting Of Six (6) Unregulated Online Trading Platforms, The Supreme Court affirms the jurisdiction of the Investments and Securities Tribunal over capital market disputes, Investors Alert Blacklisting Of Five (5) Italian E-Commerce Websites, Public Statement On Recent Reports On Seplat Energy PLC, Notification for 2023 First CMC Webinar Meeting. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. 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. 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. Sign up here. 27 Apr 2023 21:46:07 Seplat Energy's stock was trading at GBX 105 at the start of the year. WebSEPLAT EAST ONSHORE LIMITED TENDER OPPORTUNITY: PROVISION OF PRODUCTION CHEMICALS (OML 53 JISIKE & OHAJI ONSHORE FIELDS) NipeX Tender Ref. Seplat Energy's mailing address is 25A Lugard Avenue, Ikoyi, LAGOS, 101222, Nigeria. The company earns 62.41 million in net income (profit) each year or GBX 0.09 on an earnings per share basis. 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. The company was formerly known as Seplat Petroleum Development Company Plc and changed its name to Seplat Energy Plc in May 2021. The community relies on everyone sharing. Luckily, you can check this free report showing analyst forecasts for its future. Brisbane will be without veterans Dayne Zorko and Daniel Rich for their huge clash with Carlton, while Port Adelaide midfielder Xavier Duursma has been sidelined for up to 10 weeks with a knee injury.The Lions' big win over Fremantle came at a cost with Zorko straining his hamstring and Rich suffering a calf strain, with the pair sidelined for three weeks through injury. Our data reflects individual insiders, capturing board members at the very least. In January 2023, some former employees filed a petition against Seplats CEO, Roger Brown on the grounds of alleged intimidation, sacking of Nigerian staff, abuse of corporate governance, the relegation of host communities, relocation of Seplat technology office to Aberdeen, UK, bullying of Nigerian staff by foreign nationals, as well as spending of over $5 million dollars to shuttle between Lagos and his London home after allegedly fraudulently collecting a relocation allowance from the company. They participate in particular in security, ergonomics and the choice of language of the website. Owner Type Number of Shares Ownership Percentage; Individual Insiders: 17,039,930: 2.9%: Hedge Funds: 52,544,527: 9.0%: WebWhat is the ownership structure of SEPL? Read our dividend analysis for SEPL. According to sources familiar with the matter, Seplat has also been wading into controversy over corporate governance issues. You can see Seplat Petroleum Development's historic earnings and revenue below, but keep in mind there's always more to the story.
What Do You Eat Cereal With Joke, Fun Places To Send Wedding Invites To, Banks That Exchange Iraqi Dinar 2022, William Knorr Obituary, Articles S