You can click here to see if those insiders have been buying or selling. This risk is higher in a company without a history of growth. Seplat is demanding the sum of $5 billion in damages. 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. SEPLAT Exposure to Nigerian Banks Reduced: As a general policy, the company usually retains around 70% of its total cash in US dollars and around 70% of the US dollar cash is held offshore. In order to improve our community experience, we are temporarily suspending article commenting. They too, get it wrong sometimes. Meanwhile, ABC Orjiako responded by denying any wrongdoing in the letter he initiated to the Federal Government to facilitate the consummation of the lingering $1.3 million MPNU deal, saying he acted within the scope of his mandate for the benefit of the company. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. SEPL Institutional Ownership and Shareholders - SEPLAT 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. }. Many look for medium term catalysts that will drive the share price higher. At that time, the Chief Executive Officer, Gbenga Komolafe stated that based on the Petroleum Industry Act (PIA) of 2021, the NUPRC is the sole regulator in dealing with such matters in the Nigerian upstream sector. As he prepares for an audience with King Charles, self-described republican Chris Hipkins has ruled out New Zealand becoming a republic during his prime ministership.Mr Hipkins heads to the United Kingdom on Monday night for a five-day visit including leading New Zealand's delegation at the King's Coronation. Have feedback on this article? height: calc((850px) * 9 / 16); Simply Wall St has no position in any stocks mentioned. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Brisbane will be without veterans Dayne Zorko and Daniel Rich for their huge clash with Carlton, while Port Adelaide midfielder Xavier Duursma has been sidelined for up to 10 weeks with a knee injury.The Lions' big win over Fremantle came at a cost with Zorko straining his hamstring and Rich suffering a calf strain, with the pair sidelined for three weeks through injury. WebCurrently, Roger Thompson Brown is Chief Executive Officer & Executive Director at Seplat Energy Plc. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, 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. Alternatively, email [email protected]. In the chart below, we zoom in on the different ownership groups of Seplat Energy. It operates a seven oil and gas But the new ownership structure provides a way to put the value that comes with responsible growth to work fighting the climate crisis. A minority shareholder told Nairametrics that it is a matter of concern that the company spent over $450 million on goods and services provided by companies linked to its founders between 2010 and 2021. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. By February 13, 2023, Seplat suspended the consultancy agreement with its former Chairman, ABC Orjiako through Amaze Limited. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. Despite these challenges, Seplat reported higher revenue and pre-tax profits in the first quarter of 2023, and has announced a Boardroom succession plan to strengthen corporate governance and retire some board members. They are always enabled. I generally consider insider ownership to be a good thing. IRVING, Texas ExxonMobil has reached an agreement to sell its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy, a Nigerian independent oil and gas company, through its wholly-owned subsidiary Seplat Energy Offshore Limited. View which stocks are hot on social media with MarketBeat's trending stocks report. With 14% and 9.0% of the shares outstanding respectively, Petrolin Group and Sustainable Capital Ltd are the second and third largest shareholders. Our daily ratings and market update email newsletter. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. 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You can see Seplat Energy's historic earnings and revenue below, but keep in mind there's always more to the story. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Seplat Energy Plc's (LON:SEPL) largest shareholders are private Kano State, Port-Harcourt Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.Compare Top Brokerages Here. Seplat has over N309 billion of debt inclusive of cash of N112 billion as of its 2021 third quarter results. The ex-dividend date is Wednesday, May 17th. We can report that insiders do own shares in Seplat Energy Plc. Seplat Petroleum Development is not owned by hedge funds. Investors | Seplat Energy With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Seplat Energy. You can see Seplat Petroleum Development's historic earnings and revenue below, but keep in mind there's always more to the story. -, 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. Fitch Upgrades Seplat to 'B'; Outlook Stable - Fitch Ratings With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Seplat Energy. 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. Since then, SEPL shares have increased by 0.4% and is now trading at GBX 105.40. Dilution of Shares: Shareholders have not been meaningfully diluted in the past year. Transparency is our policy. How much do Seplat Petroleum Development Company employees make? Export data to Excel for your own analysis. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. This may not be consistent with full year annual report figures. Our data indicates that hedge funds own 9.0% of Seplat Energy. Seplat: Roger Brown Overhauls the Leadership, Runs with Four Public companies currently own 21% of Seplat Petroleum Development stock. Seplat Petroleum Development is not owned by hedge funds. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Home; Exclusives. This article examines the events that have caused internal crises and legal battles at Seplat, a Nigerian oil and gas company, and discusses the resulting effects on its operations and reputation. This represents a yield of 2.36%. It's always worth thinking about the different groups who own shares in a company. Seplat Petroleum Development Company - Wikipedia With 47% stake, private companies possess the maximum shares in the company. Overview 50 Reviews 1 Jobs 25 Salaries 9 Interviews 22 Benefits 4 Photos 17 Diversity Follow + Add a Salary What are your colleagues talking about? All rights reserved. Meanwhile, On July 11, 2022, Seplat announced that the Nigerian National Petroleum Company Limited (NNPCL) had initiated legal action in the State High Court of the Federal Capital Territory in Abuja. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. 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. Who are the major shareholders and have insiders been buying or selling? Introduction to Ownership Structure The boardroom drama has led to an implosion that has seen mass retirement and resignations from key board members involved in the debacle. 3, Idejo Street, Opposite ICON House, Net sales break down by Nigeria: Seplat Shareholders Upbeat As Brown Resumes As CEO The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Gambling reform advocates have called on the federal government to create a special unit to address the harm being inflicted across the country.At a symposium in Adelaide on Monday, both the Public Health Association of Australia and the Alliance for Gambling Reform said the unit should sit within the Department of Health and Aged Care. 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. this free report showing analyst forecasts for its future, MasterChef judge Jock Zonfrillo dies aged 46, Crocodile snatches dog in terrifying video footage, F1 world in disbelief over 'terrifying' incident at Azerbaijan Grand Prix, Chaos as millions 'suffer' during Chinese national holiday: 'Dystopian nightmare', Prince Harry to leave UK just two hours after coronation: 'In and out', JPMorgan boosts Wall St, Fed meet in focus, De Minaur defeat costs him chance to take on Medvedev, AFL CEO-elect prefers day grand final timeslot, Donald Trump requests mistrial in rape civil case, Fiji former attorney-general taken into custody, Lions in double injury blow, Power's Duursma sidelined, Umpires got Nathan Murphy non-free kick call wrong: AFL, Charles settles into life as monarch, after long wait, Women charged after children found living in squalor, Essendon's Durham banned for dangerous tackle, Jailed crime boss says he sold footwear, not drugs, Reduced boundaries won't win Ashes for England: Healy, Abdo intervention prompts Reynolds ref abuse charge, Police officer stabbed 'seconds' after arriving at job, Fifth man charged over Sydney gangland shooting, NRL concedes error on crucial golden point call, Government action urged to combat gambling harm, Home-grown ballet double bill celebrates identity, Republican Hipkins has no plans for a NZ Republic, McReight welcomes World Cup 'wrestle' with Hooper. Fraser McReight concedes he may still be the apprentice but says "master" Michael Hooper might be taking some notes of his own when the flankers clash in Townsville.McReight's Queensland Reds will host the NSW Waratahs on Saturday in a Super Rugby Pacific match of consequence, with the rivals sitting clear in sixth and seventh positions respectively and keen to move away from the chasing pack. He refuted the Presidents approval. Seplat Energy Plc was incorporated in 2009 and is headquartered in Lagos, Nigeria. Concerned about the content? In January 2023, some former employees filed a petition against Seplats CEO, Roger Brown on the grounds of alleged intimidation, sacking of Nigerian staff, abuse of corporate governance, the relegation of host communities, relocation of Seplat technology office to Aberdeen, UK, bullying of Nigerian staff by foreign nationals, as well as spending of over $5 million dollars to shuttle between Lagos and his London home after allegedly fraudulently collecting a relocation allowance from the company. 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. According to the Bloomberg report cited, Seplat made payments to 18 companies associated with its founders, Austin Avuru and ABC Orjiako for services rendered. WebAs you can see in the diagram, the ownership structure in this company have institutional shareholders with 65.05% of the company ownership, retail shareholders at 13.17%, sovereign wealth funds at 10.47%, foundations (or founder) at 5.20% and others at 6.11%. Tesla Continues to Defy Expectations, Is it Buyable Again? Cash generated from operations was also robust at $139.9 million even though it is 21.7% lower when compared to the period. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. WebWhat is the ownership structure of SEPLAT? Seplat Energy Offshore Limited, a wholly owned Nigerian subsidiary of Seplat Energy Plc, has entered into a Sale and Purchase Agreement to acquire the entire share capital of MPNU for a purchase price of $1,283 million plus up to $300 million contingent consideration, subject to lockbox, working capital and other adjustments at Off Adeola Odeku Street, Victoria Island have bought more shares than they have sold in the past 3 months. But to truly gain insight, we need to consider other information, too. What other stocks do shareholders of Seplat Energy own? Seplat Petroleum Development Company employees attributed a compensation and benefits rating of 3.7/5 stars to their company. We project Seplat to be broadly FCF-neutral in 2021-2025. 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. Seplat 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. 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 Seplat Energy PLC SEPLAT Ownership - XNSA Shareholders were divided between looking for an exit strategy and staying on course until the company receives government approval for the MPNU acquisition. click here to see if those insiders have been buying or selling. It seems that Private Companies own 33%, of the Seplat Petroleum Development stock. Post was not sent - check your email addresses! However, shortly after President Buharis decision, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) publicly opposed the acquisition during a widely broadcasted television interview. Get daily stock ideas from top-performing Wall Street analysts. A look at the shareholders of Seplat Petroleum Development Company Plc (LON:SEPL) can tell us which group is most powerful. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Our research also brought to light the fact that roughly 52% of the company is controlled by the top 4 shareholders suggesting that these owners wield significant influence on the business. Rivers State. Seplat, a Nigerian oil and gas company listed on the Nigerian Exchange (NGX) and the London Stock Exchange, is facing internal crises and legal battles stemming from changes in managerial structure and the delayed acquisition of Mobil Producing Nigeria Unlimited assets. Meanwhile, individual investors make up 30% of the companys shareholders. This implies the analysts working for those institutions have looked at the stock and they like it. OWNERSHIP One share of SEPL stock can currently be purchased for approximately GBX 105.40. WebThe combined oil production of Seplat and Eland (as separate entities) in 2019 stood at 32,898 bopd and as per independent reserve assessments at 1 January 2020 the acquisition has increased Seplats 2P reserves and 2C resources base by 9.6% to 615 MMboe. Join the Institutions often own shares in Case in point: We've spotted 2 warning signs for Seplat Energy you should be aware of. SEPLAT, as an indigenous exploration and production company in Nigeria is committed to the development of the capabilities of Nigerian companies in compliance with the provisos of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 for Nigerian Cement Development. Liquidity and Debt Structure. Meanwhile, the company will embark on a recruitment process to select a new Board Chairman and establish a new level of corporate governance as the company works to resolve all pending legal issues as well as its acquisition of MPNU assets. SEPLAT It generates hydrocarbon through seven oil and gas blocks in the Niger Delta region. Who We Are In-depth profiles and analysis for 20,000 public companies. This risk is higher in a company without a history of growth. SEPLAT Significant control over Seplat Energy by private companies implies that the general public has more power to influence management and governance-related Case in point: We've spotted 6 warning signs for Seplat Petroleum Development you should be aware of. Read our dividend analysis for SEPL. 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. Get in touch with us directly. Seplat Energy's stock was trading at GBX 105 at the start of the year. 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. [email protected] var size='300x250', We aim to bring you long-term focused analysis driven by fundamental data. Seplat Energy (LON:SEPL) pays an annual dividend of GBX 8 per share and currently has a dividend yield of 8.15%. Check out our latest analysis for Seplat Petroleum Development. SEPLAT ENERGY PLC : Shareholders Board Members The Securities and Exchange Commission, SECis a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market, SEC Towers, How many employees does Seplat Energy have? By August 8, 2022, President Buhari had given his approval for Seplat to acquire MPNUs assets, citing the numerous benefits to Nigerias economy. In their own names, insiders own UK17m worth of stock in the UK584m company. Seplat But he expressed confidence that the company would do better going forward for many reasons, one of which is Seplat being listed on the London Stock Exchange and its activities will be scrutinized publicly, unlike on the Nigerian Exchange where companies may get away with unethical practices. AFL chief executive-elect Andrew Dillon says he prefers the traditional AFL grand final time of 2.30pm ahead of twilight or night options. Get in touch with us directly. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. 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). The Ministry had said that Mr Brown was in possession of a Combined Expatriate Residence Permit and Aliens Card (CERPAC) that was not based on a validly issued Expatriate Quota approved by the Ministry of Interior resulting in the violation of relevant Immigration Laws and Regulations. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? The company can be reached via phone at +234-1-2770400. 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. this free report showing whether analysts are predicting a brighter future, New lower I bond rate comes with 'a pleasant surprise', Lordstown warns it may fail as investor Foxconn gets jumpy, Fed says new refinements of trading process are coming, Investors continue to think that the Fed will bail us out of every situation, strategist says, UPDATE 1-Fed says new refinements of trading process are coming. According to him, it is not a good sign for corporate governance. For us, this is a definitive measure of our success and reflects our strong height: 56.25vw; WebCompany profile for SEPLAT Energy PLC including key executives, insider trading, ownership, revenue and average growth rates. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. The Australian Ballet will showcase two world premiere dance pieces as part of its 60th anniversary.The double bill Identity features Paragon by resident choreographer Alice Topp. This article by Simply Wall St is general in nature. CLAIMS OVER OWNERSHIP OF SEPLAT THISDAYLIVE WebSEPLAT EAST ONSHORE LIMITED TENDER OPPORTUNITY: PROVISION OF PRODUCTION CHEMICALS (OML 53 JISIKE & OHAJI ONSHORE FIELDS) NipeX Tender Ref. You have already added five stocks to your watchlist. A look at the shareholders of Seplat Petroleum Development Company Plc ( LON:SEPL) can tell us which group is most powerful. Management ultimately answers to the board. 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. Should You Be Too? Sources within Seplat told Nairametrics that the series of controversies at Seplat began in February 2022, when the company struck a deal worth as much as $1.6 billion to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from US supermajor ExxonMobil. 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. American Consumer News, LLC dba MarketBeat 2010-2023. Cookies to allow a better understanding of the use and performance of our website, to produce statistics, and to improve your browsing experience. Shares of SEPL stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). We can see that Seplat Energy does have institutional investors; and they hold a good portion of the company's stock. Many institutions measure their performance against an index that approximates the local market.