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Seplat Energy Plc's Board terminated the contract of appointment for Mr. Austin Avuru as a Non-Executive Director on December 22, 2021, citing breaches of corporate governance policies and fiduciary duties. The Board has called for his resignation as a Director and requested Platform Petroleum to nominate a replacement candidate.
| Date | 23 Dec 2021 |
| Time | 07:00:07 |
| Category | Board changes |
| ID | 6075W |
Seplat Energy Plc
("Seplat Energy" or "the Company")
Change on the Board of Seplat Energy Plc
Lagos and London - December 23, 2021: The Board of Seplat Energy announces that it has terminated the contract of appointment of Mr. Austin Avuru as a Non-Executive Director on 22nd December 2021, due to breaches of the Company's corporate governance policies and his fiduciary duties. The Board has called for his resignation as a Director of Seplat Energy.
In line with Seplat Energy's Memorandum and Articles of Association, Platform Petroleum has been asked to nominate a candidate for his replacement on the Board, and a further announcement will be made in due course.
- ENDS -
Enquiries:
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Seplat Energy Plc
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+234 (01) 277 0400
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Edith Onwuchekwa Company Secretary and General Counsel Chioma Nwachuku Director, External Affairs and Sustainability Carl Franklin Head of Investor Relations
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FTI Consulting
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Ben Brewerton Chris Laing Rosie Corbett
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