Nigeria: Elumelu's Heirs Energies Acquires 6 Million Seplat Energy Shares in £53.2m Deal
Heirs Energies added 6 million shares in Seplat, raising the Heirs Holdings Group’s voting interest to 21.07%, the company said.
- On September 30, Heirs Energies purchased 6 million shares of Seplat Energy Plc in London, increasing the Heirs Holdings Group's total ownership to 21.07% in a transaction valued at approximately $71 million.
- Following a major acquisition from Maurel & Prom S.A. last year, Heirs Energies and Heirs Holdings Limited previously held a combined 20.07% stake in the Nigerian energy company.
- Seplat Energy disclosed the transaction in a regulatory filing signed by Company Secretary Edith Onwuchekwa on Thursday, with Tony Elumelu scheduled to become Chairman of the Board on January 1, 2027.
- Samuel Nwanze will serve as proxy holder for Heirs Energies' 3.658% stake, with Seplat Energy confirming he will hold voting rights "indefinitely until notified otherwise."
- Heirs Energies operates Oil Mining Lease 17 in the Niger Delta, producing 50,000 barrels of oil and 120 million cubic feet of gas daily, fueling over 400 megawatts of electricity generation.
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Nigerian businessman Tony Elumelu makes fresh $71 million move for oil company he is set to chair
Nigerian investor Tony Elumelu has increased his interest in Seplat Energy, buying another six million shares through a company he controls months before he is due to become chairman of the oil and gas producer.
Heirs Energy acquires additional six million shares of Seplat Energy
By Peter Egwuatu Heirs Holdings, has acquired an additional six million shares in Seplat Energy Plc valued at £53.2 million.According to a statement filed with the Nigerian Exchange Limited (NGX) the shares were bought by Heirs Energies Limited, a company controlled by Tony Elumelu.The statement signed by Edith Onwuchekwa, Director, Legal/Company Secretary, of Seplat stated:” […]
Nigeria: Elumelu's Heirs Energies Acquires 6 Million Seplat Energy Shares in £53.2m Deal
Following the transaction, Heirs Energies Limited now holds 27,943,867 shares in the energy company, representing 4.67 per cent, while the entities controlled by Mr Elumelu (Heirs Energies Limited and Heirs Holdings Limited) now hold a combined 126,400,000 shares.
Elumelu’s Heirs Energies acquires 6 million Seplat Energy shares in £53.2m deal
Following the transaction, Heirs Energies Limited now holds 27,943,867 shares in the energy company, representing 4.67 per cent, while the entities controlled by Mr Elumelu (Heirs Energies Limited and Heirs Holdings Limited) now hold a combined 126,400,000 shares.
Heirs Energies boosts Seplat stake to 21.07% following £53m share acquisition
KEY POINTS MAIN STORY Heirs Energies Limited has expanded its investment portfolio by purchasing six million ordinary shares in Seplat Energy Plc, according to a recent market disclosure. Executed at a price of £8.87 per share, the transaction amounts to an acquisition value of approximately £53.22 million. The latest purchase brings Heirs Energies Limited’s direct […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.
Seplat Energy (LON:SEPL) Stock: Insider Tony O. Elumelu Buys 6,000,000 Shares
Seplat Energy Plc (LON:SEPL - Get Free Report) insider Tony O. Elumelu acquired 6,000,000 shares of Seplat Energy stock in a transaction on Wednesday, September 30th. The stock was purchased at an average cost of GBX 887 per share, with a total value of £53,220,000.
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