September 3, 2019/NSE
Seplat has been made aware of media publications on the issuance of an interim order by the Federal High Court, Abuja, against the Defendants (Shebah Exploration & Production Company Ltd., Allene Ltd., and Or. A. B. C. Orjiako, (who is also the Chairman of the Board of Directors of Seplat) granting leave to the Plaintiff/Applicant (Asset Management Corporation of Nigeria (AMCON)) to foreclose on the assets of the Defendants.
As stated in the NSE announcement dated 17th October 2018 of the same subject, Seplat is not a party to the litigation. The Company will continue to monitor the progress of this suit and would issue further communication on the matter as appropriate.
This announcement is being made by the Company in accordance with Rule 17.10, Rulebook of the Nigerian Stock Exchange, 2015 (issuers’ Rule).
