TIDMSEPL

RNS Number : 6621I

SEPLAT Petroleum Development Co PLC

27 November 2018

USeplat Petroleum Development Company Plc ("SEPLAT" or the "Company")

UAnnouncement on Notification of Dealing in Shares by a PDMR

Lagos and London - 27 November 2018:

The Company was notified of the sale of 1,200,000 ordinary shares indirectly held by Dr. A.B.C Orjiako, the Chairman of the Company. Following the sale, Dr. Orjiako now holds a direct interest in 16,151,325 ordinary shares and an indirect interest in 29,800,000 ordinary shares of the Company totalling 45,951,325 shares which equates to a voting interest of 7.81% (based on Issued Share Capital of 588,444,561).

Further details of the transaction are set out in the attached Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them.

This notification is made in accordance with Rule 12 of the Amendments to the Listing Rules of the Nigerian Stock Exchange and Article 19 of the EU Market Abuse Regulations.

Mr. Roger Brown

Chief Financial Officer

FOR: SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC.

Details of duly authorised officer of issuer responsible for making notification:

   Roger Brown, CFO                                                        +44 (0) 203 725 6500

Investor enquiries:

   Andrew Dymond, Investor Relations                        +44 (0) 203 725 6500

Form for Notification and Public Disclosure of Transactions By Persons Discharging Managerial Responsibilities And Persons Closely Associated With Them:

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Dr. A.B.C Orjiako 
      ---------------------------  ------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status              Chairman 
      ---------------------------  ------------------------------------------------- 
 b)    Initial notification         Initial notification 
        /Amendment 
      ---------------------------  ------------------------------------------------- 
 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           Shares (NGSEPLAT0008) 
        financial instrument, 
        type of instrument 
 
       Identification code 
 
 b)    Nature of the transaction    Sale of shares registered in the name of Vitol 
                                     Energy Limited held for the benefit of Shebah 
                                     Petroleum Development Company Limited, which 
                                     is an entity controlled by ABC Orjiako and 
                                     members of his family. 
      ---------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s)        Date          Price(s)   Volume(s) 
                                                       GBP 
                                      30/10/2018     1.292      500,000 
                                                   ---------  ---------- 
                                      31/10/2018     1.283      200,000 
                                                   ---------  ---------- 
                                      01/11/2018     1.286      250,000 
                                                   ---------  ---------- 
                                      01/11/2018     1.287      250,000 
                                                   ---------  ---------- 
                                   ----------------------------------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume               1,200,000 
 
  - Price                           GBP1.288 (Average Price) 
 
 e)    Date of the transaction      Over a period of three days (30(th) October 
                                     -1(st) November 2018) 
      ---------------------------  ------------------------------------------------- 
 f)    Place of the transaction     London, United Kingdom 
      ---------------------------  -------------------------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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