seplat ownership structure

 

Seplat Petroleum Development Company employees attributed a compensation and benefits rating of 3.7/5 stars to their company. Case in point: We've spotted 2 warning signs for Seplat Energy you should be aware of. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.Compare Top Brokerages Here. 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. Gambling reform advocates have called on the federal government to create a special unit to address the harm being inflicted across the country.At a symposium in Adelaide on Monday, both the Public Health Association of Australia and the Alliance for Gambling Reform said the unit should sit within the Department of Health and Aged Care. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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, disputing ownership of a baby. 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. 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. In other words, these shareholders have a meaningful say in the decisions of the company. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Additionally, the company's CEO Roger Brown directly holds 0.6% of the total shares outstanding. 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? These include the orders that restrained the companys CEO Roger Brown from participating in the running of the Company. We project Seplat to be broadly FCF-neutral in 2021-2025. P.M.B:12638 Marina In their own names, insiders own UK8.1m worth of stock in the UK297m company. Seplat Petroleum Development Company Is this your company? In-depth profiles and analysis for 20,000 public companies. A look at the shareholders of Seplat Petroleum Development Company Plc (LON:SEPL) can tell us which group is most powerful. 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. You can click here to see if those insiders have been buying or selling. They participate in particular in security, ergonomics and the choice of language of the website. Director of External Affairs & Sustainability. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. That's interesting, because hedge funds can be quite active and activist. Read our dividend analysis for SEPL. 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 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. height: calc((850px) * 9 / 16); Payout ratios above 75% are not desirable because they may not be sustainable. You can see Seplat Energy's historic earnings and revenue below, but keep in mind there's always more to the story. WebWhat is the ownership structure of SEPLAT? Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}0. Copyright 2019, Securities & Exchange Commission, Nigeria. Transparency is our policy. Our daily ratings and market update email newsletter. adunit = 'nairametrics.com_336x336_responsive_DFP', To everyones dismay, President Buhari reversed his earlier approval by August 10, 2022, blaming his indecision on the lack of coordination among sector agencies. It also benefited from a USD350 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. Meanwhile, the case has been adjourned to May 16, 2023, to continue the hearing. It generates hydrocarbon through seven oil and gas blocks in the Niger Delta region. } It's always worth thinking about the different groups who own shares in a company. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. 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 this free report showing whether analysts are predicting a brighter future, New lower I bond rate comes with 'a pleasant surprise', Lordstown warns it may fail as investor Foxconn gets jumpy, Fed says new refinements of trading process are coming, Investors continue to think that the Fed will bail us out of every situation, strategist says, UPDATE 1-Fed says new refinements of trading process are coming. Many institutions measure their performance against an index that approximates the local market. The same can be achieved by studying analyst sentiments. How often does Seplat Energy pay dividends? One share of SEPL stock can currently be purchased for approximately GBX 105.40. This risk is higher in a company without a history of growth. 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 article by Simply Wall St is general in nature. WebSeplat Petroleum Development Company Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. 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. 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. WebWhat is the ownership structure of SEPL? Kano State, Port-Harcourt This implies the analysts working for those institutions have looked at the stock and they like it. American Consumer News, LLC dba MarketBeat 2010-2023. 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. Institutional investors commonly compare their own returns to the returns of a commonly followed index. By February 13, 2023, Seplat suspended the consultancy agreement with its former Chairman, ABC Orjiako through Amaze Limited. 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. Sorry, your blog cannot share posts by email. Includes shallow-water affiliate; ExxonMobil to retain deepwater assets. 5b Isaiah Odolu Street, GRA phase 2 Luckily, you can check this free report showing analyst forecasts for its future. 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, 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. Major Stockholders of record on Wednesday, May 17th will be given a dividend of GBX 0.03 per share on Friday, June 16th. c) Provide evidence of what Seplat Petroleum Development Company (SEPLAT) is a Nigerian independent oil and gas company listed on both the London and Nigerian Stock Exchanges with a strategic focus in the Niger Delta of Nigeria. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. You can see Seplat Petroleum Development's historic earnings and revenue below, but keep in mind there's always more to the story. This can indicate that the company has a certain degree of credibility in the investment community. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. 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. What Seplat is buying from Mobil. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? So they usually pay more attention to companies that are included in major indices. Seplat Energy's mailing address is 25A Lugard Avenue, Ikoyi, LAGOS, 101222, Nigeria. .uniq_1764707858073873 { 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. 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 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. Check out our latest analysis for Seplat Petroleum Development. A look at the shareholders of Seplat Petroleum Development Company Plc ( LON:SEPL) can tell us which group is most powerful. Taking a look at our data on the ownership groups (below), it seems that institutional investors have bought into the company. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. Notably, sometimes top-level managers are on the board themselves. 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. 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 Concerned about the content? We aim to bring you long-term focused analysis driven by fundamental data. Seplats acquisition of Mobil Producing Nigeria Unlimited assets has been delayed due to legal battles, including a dispute with Nigerian National Petroleum Company Limited over pre-emption rights under their Joint Operating Agreement. (function () { height: 56.25vw; With 47% stake, private companies possess the maximum shares in the company. In their own names, insiders own UK17m worth of stock in the UK584m company. 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. Shareholders would probably be interested to learn that insiders own shares in Seplat Petroleum Development Company Plc. Significant control over Seplat Energy by private companies implies that the general public has more power to influence management and governance-related @media (min-width: 850px) { 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. View our latest analysis for Seplat Energy. 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. As you can see, institutional investors have a fair amount of stake in Seplat Petroleum Development. Seplat Energy (LON:SEPL) has a market capitalization of 620.22 million and generates 951.80 million in revenue each year. NNPCL requested a declaration that a dispute had arisen between itself and MPNU regarding the interpretation of pre-emption rights under their Joint Operating Agreement (JOA) and asked the court to order NNPC and MPNU to engage in arbitration as required by the JOA. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. 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. Also submit photocopies of its CAC Forms CO2 and CO7. All rights reserved. Maurel & Prom is an oil and gas exploration and production company listed on the regulated market of Euronext Paris.With a history of almost two centuries, Maurel & Prom has, both at its headquarters in Paris and in its subsidiaries, a solid technical expertise and a long operational experience, especially in Africa. 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. Who are the major shareholders and have insiders been buying or selling? Secure and increase the performance of your investments with our team of experts at your side. In order to improve our community experience, we are temporarily suspending article commenting. He refuted the Presidents approval. WebOver the last few years, Seplat Energy has successfully grown its business and created significant shareholder value despite the challenges confronting us in our operating environment. View which stocks are hot on social media with MarketBeat's trending stocks report. 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. (844) 978-6257. Kano 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. Private companies may also have a strategic interest in the company. Sign up here. According to sources familiar with the matter, Seplat has also been wading into controversy over corporate governance issues. Please log in to your account or sign up in order to add this asset to your watchlist. Public companies currently own 21% of Seplat Petroleum Development stock. This represents a yield of 2.36%. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? But just like anyone else, they could be wrong. Meanwhile, individual investors make up 30% of the companys shareholders. All rights reserved. The S&P; 500 and the Dow edged higher as JPMorgan shares rose after the lender said it will buy most of First Republic Bank's assets, while investors refrained from making big bets ahead of the Federal Reserve's policy decision this week.JPMorgan Chase & Co's shares rose 2. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. 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. The Securities and Exchange Commission, SECis a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market, SEC Towers, Aston Villa CEO, Christian Purslow believes the Premier League should be investigating to determine the ownership structure of Newcastle United. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. The dividend payout ratio is 8,888.89%. Seplat Energy trades on the London Stock Exchange (LON) under the ticker symbol "SEPL.". 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%. Seplat Petroleum Development is not owned by hedge funds. Seplat Petroleum Development Company employees attributed a compensation and benefits rating of 3.7/5 stars to their company. The company management answer to the board and the latter should represent the interests of shareholders. What other stocks do shareholders of Seplat Energy own? width: 100vw; 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. 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. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Seplat has over N309 billion of debt inclusive of cash of N112 billion as of its 2021 third quarter results. A 40% operating ownership of four oil mining leases (OMLs 67, 68, 70, 104) and associated infrastructure (NNPC is the 60% partner) The Qua Iboe Terminal, one of Nigerias largest export facilities 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). 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. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? You can click here to see if those insiders have been buying or selling. Seplat Energy Plc says it is ready to move on from its challenges. Have feedback on this article? The Ministry had said that Mr Brown was in possession of a Combined Expatriate Residence Permit and Aliens Card (CERPAC) that was not based on a validly issued Expatriate Quota approved by the Ministry of Interior resulting in the violation of relevant Immigration Laws and Regulations. 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. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. We can report that insiders do own shares in Seplat Energy Plc. In their own names, insiders own UK17m worth of stock in the UK584m company. This shows at least some alignment. You can click here to see if those insiders have been buying or selling. Seplat is facing internal crises and legal battles stemming from changes in managerial structure and the delayed acquisition of assets. childNetworkId = '21634543682', 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. We also tend to see lower insider ownership in companies that were previously publicly owned. 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. contact@marketbeat.com 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. Strengthened Liquidity: Seplat had USD220 million of unrestricted cash at 30 September 2021. When such a trade goes wrong, multiple parties may compete to sell stock fast. In its 2023 first quarter results, it reported higher revenue of 36.9% to $331 million. With 14% and 9.0% of the shares outstanding respectively, Petrolin Group and Sustainable Capital Ltd are the second and third largest shareholders. SEC TOWERS, Plot 272, Samuel Adesujo Ademulegun Street, Central Business District P.M.B:315, Garki, Abuja +234 (0) 94621100; +234 (0) 94621168 Email: sec@sec.gov.ng. Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company, has announced a new shareholder with over Seplat reveals new Metro Pacific Investments Corporation is currently the largest shareholder, with 21% of shares outstanding. 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. Is United Airlines Playing a Game of Limbo with Its Guidance? Home; Exclusives. 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. How many employees does Seplat Energy have? Ian Healy says England are at risk of overthinking the Ashes series if they push for shortened boundaries against Australia in a bid to suit the hosts' new-found attacking approach to Test cricket.A UK newspaper reported England officials had hoped to utilise smaller grounds this winter, with boundary ropes brought in well off the fence. 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. With a market capitalization of UK297m, Seplat Petroleum Development is a small cap stock, so it might not be well known by many institutional investors. SEPL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Liquidity and Debt Structure. For us, this is a definitive measure of our success and reflects our strong WebSEPLAT Energy PLC (SEPL) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. 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.

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