SEPLAT Petroleum Development Co PLC Holding(s) in Company (4416I)
19 June 2017 - 5:20PM
UK Regulatory
TIDMSEPL
RNS Number : 4416I
SEPLAT Petroleum Development Co PLC
19 June 2017
For immediate release:
19 June, 2017
SEPLAT Petroleum Development Company Plc (the "Company")
Notification of Major Interests in Shares
On 16 June 2017, the Company was notified, pursuant to DTR
5.1.2R, that the transactions set out below occurred:
1. Following the sale of a portion of the shares registered in
the name of Shebah Petroleum Development Company Limited actioned
by Zenith Securities Limited in connection with the collateral
agreement granted by Shebah Petroleum Development Company Limited
to Zenith Bank plc which was previously notified by the Company on
27 May 2015, Dr. Ambrosie Bryant Chukwueloka Orjiako, who holds an
indirect interest in the shares of Shebah Petroleum Development
Company Limited and is the Chairman of the Company, now holds a
combined direct and indirect interest in 47,251,325 ordinary shares
in the Company representing approximately 8.39% of the voting
rights of the Company's issued share capital.
2. Further details of the transaction are set out in the
attached TR-1 (Notification of Major Interest in Shares).
3. This notification is made in accordance with DTR 5.8.12R(2).
Details of duly authorised officer of issuer responsible for
making notification:
Roger Brown, CFO +44 (0) 203 725 6500
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or SEPLAT Petroleum Development
the underlying issuer Company Plc
of existing shares to which
voting rights are
attached: (ii)
----------------------------------------------------------- ----------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
-----------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights X
------------------------------------------------------------ ---------------------------------
An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
------------------------------------------------------------ ---------------------------------
An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
------------------------------------------------------------ ---------------------------------
An event changing the breakdown of voting rights
------------------------------------------------------------ ---------------------------------
Other (please
specify):
---------------------------------------------------------- ---------------------------------
3. Full name of person(s) Dr. Ambrosie Bryant Chukwueloka
subject to the Orjiako
notification obligation:
(iii)
----------------------------------------------------------- ----------------------------------
4. Full name of shareholder(s) Shebah Petroleum Development
(if different from 3.):(iv) Company Limited
----------------------------------------------------------- ----------------------------------
5. Date of the transaction Notifier was informed of the
and date on series of transactions as
which the threshold is a result of which the threshold
crossed or was crossed on 9 June, 2017
reached: (v) (the transactions were effected
between 24 May 2017 and 9
June 2017)
----------------------------------------------------------- ----------------------------------
6. Date on which issuer 16 June 2017
notified:
----------------------------------------------------------- ----------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 10%
----------------------------------------------------------- ----------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
----------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- ------------------------------------ -----------------------------------------------------------------
Number Number Number Number of voting % of voting
of of of rights rights (x)
Shares Voting shares
Rights
------------- ----------------- ----------------- --------------- ------------------------- ---------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ------------- ------------- --------------- ---------- ------------- ---------- ---------
NGSEPLAT0008 67,099,592 67,099,592 877,501 877,501 46,373,824 0.16% 8.23%
----------------- ----------------- --------------- ---------- ------------- ---------- ---------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
----------------- --------------- ---------------------------------- ------------------------- -------------------
N/A
----------------- --------------- ---------------------------------- ------------------------- -------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
--------------- --------------- --------------- ----------------- ------------------------- ---------------------
N/A Nominal Delta
--------------- --------------- --------------- ----------------- ------------------------- ---------- ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
----------------------------------------------------- ---------------------------------------------------------------
47,251,325 8.39%
----------------------------------------------------- ---------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
----------------------------------------------------------------------------------------------------------------------
Total disclosable direct and indirect holding for A.B.C.
Orjiako: 47,251,325 (8.39%)
Chain of control:
Of the 47,251,325 Ordinary Shares disclosable by A.B.C.
Orjiako, Shebah Petroleum Development Company Limited
(Shebah), which is an entity controlled by A.B.C. Orjiako
and members of his family, has beneficial ownership
rights in 33,773,824 Ordinary Shares, of which 18,500,000
Ordinary Shares are held by Vitol Energy (Bermuda) Limited
for the benefit of Shebah. 12,600,000 Ordinary Shares
are held directly by A.B.C. Orjiako's siblings and 877,501
Ordinary Shares are held directly by A.B.C. Orjiako.
Proxy Voting:
----------------------------------------------------------------------------------------------------------------------
10. Name of the proxy holder: N/A
-------------------------------------------------------------------------------- ------------------------------------
11. Number of voting rights proxy N/A
holder will cease
to hold:
-------------------------------------------------------------------------------- ------------------------------------
12. Date on which proxy holder will N/A
cease to hold
voting rights:
-------------------------------------------------------------------------------- ------------------------------------
This disclosure has been
13. Additional information: calculated based on issued
share capital amount 563,444,561.
----------------------------------------------------- ---------------------------------------------------------------
14. Contact name: Winston & Strawn London LLP
(Ref: ZJA)
----------------------------------------------------- ---------------------------------------------------------------
15. Contact telephone number: +44 20 7011 8700
----------------------------------------------------- ---------------------------------------------------------------
Note: Annex should only be submitted to the FCA not
the issuer
Annex: Notification of major interests in share
A: Identity of the persons or legal entity subject to
the notification obligation
----------------------------------------------------------------------
Full name Dr. Ambrosie Bryant Chukwueloka
(including legal form of Orjiako
legal entities)
------------------------------------ --------------------------------
Contact address c/o Winston & Strawn London
(registered office for legal LLP
entities) CityPoint
One Ropemaker Street
London EC2Y 9AW
United Kingdom
FAO: Zoe Ashcroft
------------------------------------ --------------------------------
Phone number & email +44 20 7011 8700
zashcroft@winston.com
------------------------------------ --------------------------------
Other useful information As above
(at least legal representative
for legal persons)
------------------------------------ --------------------------------
B: Identity of the notifier, if applicable
----------------------------------------------------------------------
Full name
------------------------------------ --------------------------------
Contact address
------------------------------------ --------------------------------
Phone number & email
------------------------------------ --------------------------------
Other useful information
(e.g. functional relationship
with the person or legal
entity subject to the notification
obligation)
------------------------------------ --------------------------------
C: Additional information
----------------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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