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On 04 August 2022, Seplat Energy PLC granted a sign-on share award of 514,575 ordinary shares to its Chief Operating Officer, Samson Ezugworie. No consideration was paid for the grant of these shares, which were calculated using a share price of £0.92.
| Date | 5 Aug 2022 |
| Time | 13:00:00 |
| Category | Director/PDMR dealings |
| ID | 1011V |
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
Seplat Energy PLC ("Seplat" or "Company")
Lagos and London - 5th August 2022: The following award ("sign-on share award") over ordinary shares of 0.5 Naira each ("shares") of Seplat were granted to the Chief Operating Officer of the Company on 04 August 2022 (the "Award Date"), as set out in his employment contract, using the share price as at the contract's commencement date.
Vesting conditions are as set out in the employment contract and the Award is subject to a one-year post vesting holding period.
|
Name |
Position |
Total Number of Shares over which the award is granted* |
|
Samson Ezugworie |
Chief Operating Officer |
514,575 |
* The number of shares awarded was calculated by dividing the monetary value of the Award by the share price on the Commencement Date (i.e. £0.92).
No consideration was paid for the grant of the above sign-on share award and no consideration is due on the vesting of the sign-on award.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
Mrs. Edith Onwuchekwa
Director, Legal/Company Secretary
FOR: SEPLAT ENERGY PLC.
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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|
a) |
Name |
Samson Ezugworie |
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|
2 |
Reason for the notification |
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|
a) |
Position/status |
Chief Operating Officer |
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|
b) |
Initial notification / Amendment |
Initial notification |
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
Seplat Energy PLC |
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|
b) |
LEI |
029200711C4S4CB2E982 |
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|
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of Seplat Energy PLC of 0.5 Naira each
NGSEPLAT0008 |
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|
b) |
Nature of the transaction |
Grant of the 2022 LTIP Award |
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|
c) |
Price(s) and volume(s) |
|
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|
d) |
Aggregated information
|
514,575 ordinary shares of 0.5 Naira each
|
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|
e) |
Date of the transaction |
04 August 2022 |
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|
f) |
Place of the transaction |
Outside a trading venue |
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Enquiries:
|
Seplat Energy PLC |
|
|
Edith Onwuchekwa, Company Secretary Ngozi Osuzoka (Company Secretariat) |
+234 1 277 0400 Ext 1110 +234 1 277 0444 Ext 1108 |
|
FTI Consulting |
|
|
Ben Brewerton / Sara Powell / James Styles |
+44 (0) 203 727 1000 |