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. @media (min-width: 850px) { The Securities and Exchange Commission, SECis a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market, SEC Towers, 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. Seplat Energy Plc says it is ready to move on from its challenges. Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. 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. Alternatively, email editorial-team@simplywallst.com. 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. 337927). } Payout ratios above 75% are not desirable because they may not be sustainable. Seplat Energy Plc was incorporated in 2009 and is headquartered in Lagos, Nigeria. 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. WebCurrently, Roger Thompson Brown is Chief Executive Officer & Executive Director at Seplat Energy Plc. Meanwhile, the case has been adjourned to May 16, 2023, to continue the hearing. click here to see if those insiders have been buying or selling. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The companys share price in the last year is down 7% and 19.1% respectively on the NGX and the London Stock Exchange respectively. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. Taking a look at our data on the ownership groups (below), it seems that institutional investors have bought into the company. These include the orders that restrained the companys CEO Roger Brown from participating in the running of the Company. -, 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. Seplat Energy (LON:SEPL) has a market capitalization of 620.22 million and generates 951.80 million in revenue each year. 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()? 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 Transparency is how we protect the integrity of our work and keep empowering Cookies to allow a better understanding of the use and performance of our website, to produce statistics, and to improve your browsing experience. 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. Sign up here. 27 Apr 2023 21:46:07 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. PT Pertamina (Persero) is currently the company's largest shareholder with 21% of shares outstanding. Seplat Petroleum Development is not owned by hedge funds. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. I find it very interesting to look at who exactly owns a company. 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. The company also engages in the renewable energy generation activities. With 47% stake, private companies possess the maximum shares in the company. Seplat has also faced corporate governance controversies, including payments to companies associated with its founders, and a lawsuit accusing former Chairman ABC Orjiako of acting unilaterally and demanding $5 billion in damages. Export data to Excel for your own analysis. Let's delve deeper into each type of owner, to discover more about Seplat Petroleum Development. In their own names, insiders own UK17m worth of stock in the UK584m company. max-width: 850px; Seplat Petroleum Development is not owned by hedge funds. Learn how it impacts everything we do. 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, Those businesses were connected to both Orjiako and Avurus family members. 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. This article by Simply Wall St is general in nature. Seplat Energy announced a dividend on Thursday, April 27th. 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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. Cookies necessary to ensure the optimal functioning of our website. The company earns 62.41 million in net income (profit) each year or GBX 0.09 on an earnings per share basis. It's always worth thinking about the different groups who own shares in a company. 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. Is United Airlines Playing a Game of Limbo with Its Guidance? But the new ownership structure provides a way to put the value that comes with responsible growth to work fighting the climate crisis. Seplat Energy trades on the London Stock Exchange (LON) under the ticker symbol "SEPL.". But ultimately it is the future, not the past, that will determine how well the owners of this business will do. This can indicate that the company has a certain degree of credibility in the investment community. SEPL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. More cases of child neglect in South Australia have emerged a week after an extremely rare string of manslaughter charges were laid.Two women have been bailed to appear in an Adelaide court in June over the alleged criminal neglect of three children. Seplat Energy (LON:SEPL) pays an annual dividend of GBX 8 per share and currently has a dividend yield of 8.15%. By August 8, 2022, President Buhari had given his approval for Seplat to acquire MPNUs assets, citing the numerous benefits to Nigerias economy. 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. By March 8, 2023, had his work permit, visa, and residence permit revoked by the Nigerian Ministry of Interior. 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. Shareholders of Seplat Petroleum Development Company Plc have expressed optimism that the new chief executive officer(CEO) of the company, Mr. Roger 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. On looking further, we found that 56% of the shares are owned by the top 5 shareholders. This may not be consistent with full year annual report figures. Read what they think about their salaries on our Compensation FAQ page for , Summer Legal salaries - 3 salaries reported, Project Engineer salaries - 1 salaries reported, Budget Manager salaries - 1 salaries reported, HSE Specialist salaries - 1 salaries reported, Graduate Engineer salaries - 1 salaries reported, Electrical Engineering salaries - 1 salaries reported, Administrative Assistant salaries - 1 salaries reported, Piping Engineer salaries - 1 salaries reported, Joint Venture Planning and Cost Engineer salaries - 1 salaries reported, Internship salaries - 1 salaries reported, Graduate Trainee salaries - 1 salaries reported, Lead Cost Estimator salaries - 1 salaries reported, Warehousing, Rigging & Material Handling salaries - 1 salaries reported, Senior Metering Engineer salaries - 1 salaries reported, Mechanical Engineer salaries - 1 salaries reported, Operations salaries - 1 salaries reported, Contractor salaries - 1 salaries reported, Reservoir Engineer salaries - 1 salaries reported, Business Management Graduate Scheme salaries - 1 salaries 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. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. To see all exchange delays and terms of use please see Barchart's disclaimer. 3, Idejo Street, Opposite ICON House, Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Our data indicates that hedge funds own 9.0% of Seplat Energy. Additionally, the company's CEO Roger Brown directly holds 0.6% of the total shares outstanding. 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. 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. The official announcement can be viewed at this link. If you are like me, you may want to think about whether this company will grow or shrink. 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. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Case in point: We've spotted 6 warning signs for Seplat Petroleum Development you should be aware of. By April 2023, Nairametrics reported that the Nigerian Immigration Service dropped all charges against Seplat. In line with its core mandate of investor protection, the Commission has sought and obtained explanations from Seplat through its Board of Directors and from the NGX,the primary exchange on which it is listed. See what's happening in the market right now with MarketBeat's real-time news feed. We also tend to see lower insider ownership in companies that were previously publicly owned. 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. 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 The Commissions attention has been drawn to the recent reports in the media regarding Seplat Energy Plc (Seplat), a public companylisted onthe Nigerian Exchange Limited (NGX)and the London Stock Exchange (LSE). During the period highlighted, Seplat paid $410 million to companies associated with Orjiako and $299 million to companies associated with Avuru, according to the companys annual reports. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. Real-time analyst ratings, insider transactions, earnings data, and more. 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. View our latest analysis for Seplat Energy. Metro Pacific Investments Corporation is currently the largest shareholder, with 21% of shares outstanding. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}0. Despite these challenges, the company has surprisingly avoided the boardroom mele impacting its revenues. According to him, it is not a good sign for corporate governance. 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%. Concerned about the content? Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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. The company employs 528 workers across the globe. Should You Be Too? A look at the shareholders of Seplat Petroleum Development Company Plc (LON:SEPL) can tell us which group is most powerful. However, the Commission encourages the Board to continue effective dialogue with all stakeholders in dealing with the issues. No: 1000005401 Furnish details of company ownership and shareholding structure. Read our dividend analysis for SEPL. Home; Exclusives. Notably, sometimes top-level managers are on the board themselves. This shows at least some alignment. AFL chief executive-elect Andrew Dillon says he prefers the traditional AFL grand final time of 2.30pm ahead of twilight or night options. Our model gets smarter over time as more people share salaries on Glassdoor. 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. WebSEPLAT EAST ONSHORE LIMITED TENDER OPPORTUNITY: PROVISION OF PRODUCTION CHEMICALS (OML 53 JISIKE & OHAJI ONSHORE FIELDS) NipeX Tender Ref. Strengthened Liquidity: Seplat had USD220 million of unrestricted cash at 30 September 2021. click here to see if those insiders have been buying or selling. How often does Seplat Energy pay dividends? 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. Seplat is a small oil and gas A look at the shareholders of Seplat Petroleum Development Company Plc ( LON:SEPL) can tell us which group is most powerful. 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. So they generally do consider buying larger companies that are included in the relevant benchmark index. That's interesting, because hedge funds can be quite active and activist. By February 13, 2023, Seplat suspended the consultancy agreement with its former Chairman, ABC Orjiako through Amaze Limited.
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