seplat ownership structure

@media (min-width: 850px) { When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. Please log in to your account or sign up in order to add this asset to your watchlist. You can click here to see if those insiders have been buying or selling. 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. This shows at least some alignment. According to sources familiar with the matter, Seplat has also been wading into controversy over corporate governance issues. have bought more shares than they have sold in the past 3 months. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. A 30-year-old man is under police guard in hospital accused of stabbing a senior-constable who had been investigating reports of a disturbance.The incident unfolded on the street outside an address at Rothwell, north of Brisbane, just before 9. All rights reserved. Aston Villa CEO, Christian Purslow believes the Premier League should be investigating to determine the ownership structure of Newcastle United. In-depth profiles and analysis for 20,000 public companies. Significant control over Seplat Energy by private companies implies that the general public has more power to influence management and governance-related decisions, A total of 4 investors have a majority stake in the company with 52% ownership, Institutional ownership in Seplat Energy is 11%. 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? On looking further, we found that 56% of the shares are owned by the top 5 shareholders. Strengthened Liquidity: Seplat had USD220 million of unrestricted cash at 30 September 2021. Seplat Energy's mailing address is 25A Lugard Avenue, Ikoyi, LAGOS, 101222, Nigeria. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. Also submit photocopies of its CAC Forms CO2 and CO7. 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 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 It generates hydrocarbon through seven oil and gas blocks in the Niger Delta region. Get in touch with us directly. Despite these challenges, the company has surprisingly avoided the boardroom mele impacting its revenues. 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 Meanwhile, the company and its Board members continued to support Mr Brown through his ordeal, and he kept exercising his duties as the company CEO from the UK office, despite the withdrawal of his work permit. Seplat Energy (LON:SEPL) pays an annual dividend of GBX 8 per share and currently has a dividend yield of 8.15%. 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. Owner Type Number of Shares Ownership Percentage; Individual Insiders: 17,039,930: 2.9%: Hedge Funds: 52,544,527: 9.0%: Get short term trading ideas from the MarketBeat Idea Engine. Concerned about the content? View detailed SEPLAT.NG description & It also benefited from a USD350 Case in point: We've spotted 2 warning signs for Seplat Energy you should be aware of. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Cash generated from operations was also robust at $139.9 million even though it is 21.7% lower when compared to the period. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Transparency is our policy. 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. Upgrade to MarketBeat All Access to add more stocks to your watchlist. African Alliance House (4th Floor), F1, Sani Abacha Way/Airport Road, Opposite KLM Airlines Seplat Energys $318m cash generation, huge capital investment drive shareholders fortune Seplat Petroleum Development Company Plc, held its hybrid So they usually pay more attention to companies that are included in major indices. In the chart below, we zoom in on the different ownership groups of Seplat Energy. Metro Pacific Investments Corporation is currently the largest shareholder, with 21% of shares outstanding. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? 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. 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. 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. 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. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. } Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. We can see that Seplat Energy does have institutional investors; and they hold a good portion of the company's stock. Off Adeola Odeku Street, Victoria Island Receive SEPL Stock News and Ratings via Email. 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. 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. Seplat Energy announced a dividend on Thursday, April 27th. This risk is higher in a company without a history of growth. Get daily stock ideas from top-performing Wall Street analysts. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. At that time, the Chief Executive Officer, Gbenga Komolafe stated that based on the Petroleum Industry Act (PIA) of 2021, the NUPRC is the sole regulator in dealing with such matters in the Nigerian upstream sector. How often does Seplat Energy pay dividends? However, the Commission encourages the Board to continue effective dialogue with all stakeholders in dealing with the issues. Real-time analyst ratings, insider transactions, earnings data, and more. Seplat has over N309 billion of debt inclusive of cash of N112 billion as of its 2021 third quarter results. By March 8, 2023, had his work permit, visa, and residence permit revoked by the Nigerian Ministry of Interior. 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. Cookies necessary to ensure the optimal functioning of our website. 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. We aim to bring you long-term focused analysis driven by fundamental data. 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 Read our dividend analysis for SEPL. 3, Idejo Street, Opposite ICON House, Delayed London Stock Exchange contact@marketbeat.com Seplat Energy (LON:SEPL) has a market capitalization of 620.22 million and generates 951.80 million in revenue each year. Many institutions measure their performance against an index that approximates the local market. 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. These include the orders that restrained the companys CEO Roger Brown from participating in the running of the Company. We can report that insiders do own shares in Seplat Energy Plc. 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. 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. -, Ashoka WhiteOak holds IPO; Fox Marble agrees takeover, Naked Wines optimistic; Hotel Chocolat warns on sales, Visa, Work And Residence Permit In Nigeria- A Cursory Look At The SEPLAT Energy CEO'S Experience, Other Oil & Gas Exploration and Production, Sector Other Oil & Gas Exploration and Production, NEIMETH INTERNATIONAL PHARMACEUTICALS PLC, Chief Executive Officer & Executive Director, Chief Financial Officer & Executive Director, Chief Operating Officer & Executive Director, Senior Independent Non-Executive Director. Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. You can see Seplat Petroleum Development's historic earnings and revenue below, but keep in mind there's always more to the story. Seplat Petroleum Development is not owned by hedge funds. .uniq_1764707858073873 { 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. The ex-dividend date is Wednesday, May 17th. 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 is a small oil and gas 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()? height: 56.25vw; Seplat Energy trades on the London Stock Exchange (LON) under the ticker symbol "SEPL.". Our model gets smarter over time as more people share salaries on Glassdoor. The general public, with a 28% stake in the company, will not easily be ignored. He refuted the Presidents approval. Meanwhile, individual investors make up 30% of the companys shareholders. But the new ownership structure provides a way to put the value that comes with responsible growth to work fighting the climate crisis. The community relies on everyone sharing. 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. However, on some occasions too much power is concentrated within this group. When such a trade goes wrong, multiple parties may compete to sell stock fast. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}0. 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, 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. 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. In comparison, the second and third largest shareholders hold about 14% and 7.6% of the stock. 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. So they generally do consider buying larger companies that are included in the relevant benchmark index. A look at the shareholders of Seplat Petroleum Development Company Plc (LON:SEPL) can tell us which group is most powerful. Learn how it impacts everything we do. Read our dividend analysis for SEPL. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Stockholders of record on Wednesday, May 17th will be given a dividend of GBX 0.03 per share on Friday, June 16th. I find it very interesting to look at who exactly owns a company. 326 E 8th St #105, Sioux Falls, SD 57103 The companys share price in the last year is down 7% and 19.1% respectively on the NGX and the London Stock Exchange respectively. Management ultimately answers to the board. 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. Kano State, Port-Harcourt What is the dividend yield for Seplat Energy? Our daily ratings and market update email newsletter. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? When such a trade goes wrong, multiple parties may compete to sell stock fast. Meanwhile, the case has been adjourned to May 16, 2023, to continue the hearing. They participate in particular in security, ergonomics and the choice of language of the website. Plot 272, Samuel Adesujo Ademulegun Street, Central Business District , Abuja, FCT, Lagos 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 It might be worth looking deeper into this. Our research also brought to light the fact that roughly 52% of the company is controlled by the top 4 shareholders suggesting that these owners wield significant influence on the business. P.M.B:12638 Marina The boardroom drama has led to an implosion that has seen mass retirement and resignations from key board members involved in the debacle. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. If you are like me, you may want to think about whether this company will grow or shrink. Tesla Continues to Defy Expectations, Is it Buyable Again? 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. Seplat Petroleum Development Company employees attributed a compensation and benefits rating of 3.7/5 stars to their company. They are always enabled. Kano Seplat Petroleum Development Company employees attributed a compensation and benefits rating of 3.7/5 stars to their company. 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). Port Harcourt 337927). Copyright 2023 Surperformance. Sorry, your blog cannot share posts by email. According to him, it is not a good sign for corporate governance. All rights reserved. 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. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. 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. 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

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