SEPLAT Petroleum Development Co PLC Director/PDMR Shareholding (1438D)
24 April 2017 - 9:56PM
UK Regulatory
TIDMSEPL
RNS Number : 1438D
SEPLAT Petroleum Development Co PLC
24 April 2017
Seplat Petroleum Development Company plc
24 April 2017
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES
Seplat Petroleum Development Company plc
2017 Share Awards granted under the 2014 Long-Term Incentive
Plan ("LTIP")
The following awards over ordinary shares of 0.5 Naira each
("Shares") of Seplat Petroleum Development Company plc ("Seplat")
were granted under the Seplat Petroleum Development Company plc
2014 Long-Term Incentive Plan ("LTIP") to Executive Directors of
the Company on 20 April 2017 as set out below.
The awards will normally vest on 20 April 2020 being the third
anniversary of the Award Date subject to relative TSR performance
condition and reserves growth underpin.
Name Position Number of Shares
over which award
granted*
============== ================= ==================
Chief Executive
Austin Avuru Officer 1,609,375
============== ================= ==================
Chief Financial
Roger Brown Officer 978,500
============== ================= ==================
* In line with the approach approved by the Remuneration
Committee, the number of shares to be granted was calculated by
dividing the monetary value of the salary multiple relevant for
each PDMR by the higher of the average share price over Q1 2017 or
GBP1. As the average share price over Q1 2017 was GBP0.72, the
calculation has been performed based on GBP1 share price.
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.
1 Details of the person discharging managerial responsibilities/person closely associated
---- ----------------------------------------------------------------------------------------------------------------
a) Name Austin Avuru
---- -------------------------------------------------------- ------------------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
---- -------------------------------------------------------- ------------------------------------------------------
b) Initial notification/Amendment Initial notification
---- -------------------------------------------------------- ------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------------------------------------------------
a) Name Seplat Petroleum Development Company plc
---- -------------------------------------------------------- ------------------------------------------------------
b) LEI 029200711C4S4CB2E982
---- -------------------------------------------------------- ------------------------------------------------------
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
---- ----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary shares of Seplat Petroleum Development
instrument Company plc of 0.5 Naira each
Identification code
NGSEPLAT0008
---- -------------------------------------------------------- ------------------------------------------------------
b) Nature of the transaction Grant of share award under the Seplat Petroleum
Development Company plc 2014 Long-Term Incentive
Plan
---- -------------------------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 1,609,375
---- -------------------------------------------------------- ------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 1,609,375 ordinary shares of 0.5 Naira each
Nil consideration
---- -------------------------------------------------------- ------------------------------------------------------
e) Date of the transaction 20 April 2017
---- -------------------------------------------------------- ------------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------------------------------------- ------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
---- ----------------------------------------------------------------------------------------------------------------
a) Name Roger Brown
---- -------------------------------------------------------- ------------------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
---- -------------------------------------------------------- ------------------------------------------------------
b) Initial notification/Amendment Initial notification
---- -------------------------------------------------------- ------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------------------------------------------------
a) Name Seplat Petroleum Development Company plc
---- -------------------------------------------------------- ------------------------------------------------------
b) LEI 029200711C4S4CB2E982
---- -------------------------------------------------------- ------------------------------------------------------
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
---- ----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary Shares of Seplat Petroleum Development
instrument Company plc of 0.5 Naira each
Identification code NGSEPLAT0008
---- -------------------------------------------------------- ------------------------------------------------------
b) Nature of the transaction Grant of share award under the Seplat Petroleum
Development Company plc 2014 Long-Term Incentive
Plan
---- -------------------------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 978,500
---- -------------------------------------------------------- ------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 978,500 ordinary shares of 0.5 Naira each
Nil consideration
---- -------------------------------------------------------- ------------------------------------------------------
e) Date of the transaction 20 April 2017
---- -------------------------------------------------------- ------------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------------------------------------- ------------------------------------------------------
Enquiries:
Seplat Petroleum Development
Company Plc
Dr. Mirian Kachikwu, General +234 1 277 0400
Counsel Ngozi Osuzoka (company Ext 1110 +234
secretariat) 1 277 0400 Ext
1108
FTI Consulting
Ben Brewerton / Sara Powell +44 (0) 203 727
/ James Styles 1000
seplat@fticonsulting.com
The company news service from the London Stock Exchange
END
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