var size='300x250', (844) 978-6257. On looking further, we found that 56% of the shares are owned by the top 5 shareholders. Seplat Petroleum Development Company - AnnualReports.com Join the 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. The company also reported a pre-tax profit of $86.1 million representing a 3.2% jump over the same period in 2022. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Inside Seplat's turbulent Board Room: Legal Battles, accusations In September 2022, Bloomberg reported that Seplat Energy spent over $450 million on goods and services provided by companies linked to its two founders between 2010 and 2021. Sign up here. Payout ratios above 75% are not desirable because they may not be sustainable. Seplat has also faced corporate governance controversies, including payments to companies associated with its founders, and a lawsuit accusing former Chairman ABC Orjiako of acting unilaterally and demanding $5 billion in damages. Lagos State, Kano If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. The general public, with a 28% stake in the company, will not easily be ignored. Structure 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. 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. Public companies currently own 21% of Seplat Petroleum Development stock. We can see that Seplat Energy does have institutional investors; and they hold a good portion of the company's stock. Copyright 2019, Securities & Exchange Commission, Nigeria. In their own names, insiders own UK8.1m worth of stock in the UK297m company. SEC TOWERS, Plot 272, Samuel Adesujo Ademulegun Street, Central Business District P.M.B:315, Garki, Abuja +234 (0) 94621100; +234 (0) 94621168 Email: sec@sec.gov.ng. Ian Healy says England are at risk of overthinking the Ashes series if they push for shortened boundaries against Australia in a bid to suit the hosts' new-found attacking approach to Test cricket.A UK newspaper reported England officials had hoped to utilise smaller grounds this winter, with boundary ropes brought in well off the fence. This risk is higher in a company without a history of growth. height: 56.25vw; Cookies to allow a better understanding of the use and performance of our website, to produce statistics, and to improve your browsing experience. 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Maurel & Prom is an oil and gas exploration and production company listed on the regulated market of Euronext Paris.With a history of almost two centuries, Maurel & Prom has, both at its headquarters in Paris and in its subsidiaries, a solid technical expertise and a long operational experience, especially in Africa. Seplat Energy (LON:SEPL) has a market capitalization of 620.22 million and generates 951.80 million in revenue each year. Since then, SEPL shares have increased by 0.4% and is now trading at GBX 105.40. It seems that Private Companies own 33%, of the Seplat Petroleum Development stock. Seplats acquisition of Mobil Producing Nigeria Unlimited assets has been delayed due to legal battles, including a dispute with Nigerian National Petroleum Company Limited over pre-emption rights under their Joint Operating Agreement. SEPL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company employs 528 workers across the globe. Owner Type Number of Shares Ownership Percentage; Individual Insiders: 17,039,930: 2.9%: Hedge Funds: 52,544,527: 9.0%: WebThe Group has a portfolio of high - potential assets focused on Africa and Latin America, consisting of both production assets and opportunities in the exploration or appraisal phase. Seplat Petroleum Development Company Salaries 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%. More cases of child neglect in South Australia have emerged a week after an extremely rare string of manslaughter charges were laid.Two women have been bailed to appear in an Adelaide court in June over the alleged criminal neglect of three children. The NRL concedes officials missed a crucial knock-on call late in Canberra's golden-point win over the Dolphins.With scores locked at 30-30, Canberra's Hudson Young knocked the ball forward into the arm of Ray Stone, before the Raiders regained possession. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. See what's happening in the market right now with MarketBeat's real-time news feed. SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC: INVITATION However, on some occasions too much power is concentrated within this group. The Commission notes that the Board has remained united and that the reported events have not affected the fundamentals of Seplat. In-depth profiles and analysis for 20,000 public companies. How Much Of Seplat Petroleum Development Company Plc View which stocks are hot on social media with MarketBeat's trending stocks report. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. Seplat 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. The plan involves the retirement of Mr Basil Omiyi as Board Chairman, as well as the retirement of Senior Independent Non-Executive Director (SINED), Dr Charles Okeahalam before the companys Annual General Meeting in May 2024. Despite these challenges, the company has surprisingly avoided the boardroom mele impacting its revenues. Get daily stock ideas from top-performing Wall Street analysts. They participate in particular in security, ergonomics and the choice of language of the website. 5b Isaiah Odolu Street, GRA phase 2 Join thousands of other investors who make better investing decisions with our premium tools. (function () { There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. WebSeplat Petroleum Development Company Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. Seplat Energy Plc's (LON:SEPL) largest shareholders are private View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Post was not sent - check your email addresses! Seplat Energys $318m cash generation, huge capital investment drive shareholders fortune Seplat Petroleum Development Company Plc, held its hybrid Additionally, the company's CEO Roger Brown directly holds 0.6% of the total shares outstanding. The company earns 62.41 million in net income (profit) each year or GBX 0.09 on an earnings per share basis.