Seplat Energy Plc, a leading independent Nigerian energy company has shed more light on the recent acquisition of 20.07% by Heirs Energies Limited and Heirs Holdings Limited owned by billionaire Tony Elumelu, saying it came from sale of 120,400,000 ordinary shares by its major shareholder – Etablissements Maurel & Prom S.A. (M&P).
Seplat in a notice at the Nigerian Exchange said the shares were acquired as 86,639,377 ordinary shares by Heirs Energies Limited and 33,760,623 ordinary shares by Heirs Holdings Limited.
“Following this transaction, M&P no longer holds any shares in the Company while Heirs Energies Limited and Heirs Holdings Limited now jointly hold 120,400,000 ordinary shares, representing 20.07% of the Company’s issued share capital,” the notice said.
“M&P was a founding investor in Seplat Energy and remained one of the Company’s largest shareholders until now.
“The Company recognises and appreciates the significant role M&P has
played in supporting Seplat Energy’s growth and development into a leading independent Nigerian energy company and wishes M&P every success in its future endeavours.
Seplat Energy is pleased to welcome Heirs Energies Limited and Heirs Holdings Limited as shareholders and looks forward to working together to continue advancing Seplat’s strategic objectives and long-term ambition of becoming a leading African energy champion.”
