Abuja, June 9, 2021 Seplat Petroleum Development Company Plc says it is making huge investments to increase gas production to support Nigeria’s gas-to-power programme. Mr Roger Brown, Chief Executive Officer, Seplat, gave the assurance while delivering a keynote address at the ongoing Nigeria International Petroleum
Operations Director, Seplat, Effiong Okon (left); Director, External Affairs and Sustainability, Dr. Chioma Nwachuku; Chief Executive Officer, Roger Brown; Chairman, Dr. ABC Orjiako and Company Secretary/General Counsel, Edith Onwuchekwa at Seplat’s hybrid 8th Annual Meeting in Lagos. PHOTO: FEMI ADEBESIN-KUTI
•Gets shareholders’ nod on dividend payout, name change
Seplat Petroleum Development Company Plc has assured shareholders that the company is well-positioned to increase shareholders’ value on a sustainable basis, even as cash generated from its operations has exceeded the amount invested for future growth.
Reviewing its financials at the 8th yearly general meeting, the Chairman of Board, Dr. ABC Orjiako, said the company generated cash worth $318 million from its operations which is significantly more than the $150 million invested for future growth.
1. In view of the current COVID-19 pandemic, Seplat obtained approval from the Nigeria Corporate Affairs Commission to hold its 2021 Annual General Meeting (AGM) by proxy ONLY, which is in accordance with the new Guidelines on Holding of AGM of Public Companies taking advantage of Section 254 of the Companies and Allied Matters Act (CAMA) 2020 using proxies. For the appointment to be valid for the purposes of the Meeting, the Company made arrangements at its cost for the stamping of the duly completed proxy forms, which must be deposited at the office of the Registrar. 2. In accordance with the Company s articles of association, on a poll every member present in person or by proxy has one vote for every share held. There were no restrictions on shareholders to cast votes on any of the resolutions proposed at the AGM.
Seplat drives sustainable energy generation, gets shareholders’ approval on name change
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By Peter Egwuatu
Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Group (NXG) and the London Stock Exchange (LSE) has stated its drive for a sustainable energy generation, even as shareholders gave their approval for a change in corporate name.
The shareholders at the 8th Annual General Meeting (AGM) held jointly physical and virtually on Thursday approved the change of corporate name to Seplat Energy Plc.
The shareholders also approved all resolutions from the Board and commended the performance of the company for the financial year 2020.
…offers free consultation, treatment and Safe Motherhood kits to indigenes
Seplat Petroleum Development Company Plc (SEPLAT), operator of the NNPC/SEPLAT Joint Venture, has brought succor to community members of its areas of operation and to other indigenes of Imo State, as it holds the 2019 edition of its Eye Can See and Safe Motherhood programmes, the company’s signature Corporate Social Responsibility (CSR) health programmes.
Speaking at the opening ceremony which took place on September 19th at the Medical Health Centre at Izombe, Imo State, the wife of the Imo state governor, Lady Ebere Ihedioha who flagged the medical outreach open said: “If all the corporate organisations were to tow this route of SEPLAT petroleum today, the burden of underdevelopment and social restlessness particularly in the oil producing areas in the state would be greatly reduced. This programme therefore places SEPLAT Petroleum at the top of the Corporate Social Responsibility in the state,