Heirs Energies Limited and Heirs Holdings Limited have officially joined Seplat Energy Plc as shareholders following their acquisition of stakes previously held by Etablissements Maurel & Prom S.A.
The two firms, owned by businessman and former banker Mr Tony Elumelu, recently completed the purchase of a 20.07 per cent equity stake from Maurel & Prom. The transaction involved a total of 102.4 million shares in Seplat Energy, one of Nigeria’s leading independent energy companies.
In a statement filed with the Nigerian Exchange (NGX) Limited, the chief financial officer of Seplat Energy, Ms Eleanor Adaralegbe, confirmed the development. She stated that Heirs Energies acquired 86,639,377 ordinary shares, while Heirs Holdings bought 33,760,623 ordinary shares, placing them among Seplat’s major shareholders.
According to the statement, “M&P was a founding investor in Seplat Energy and remained one of the Company’s largest shareholders until now.”
“The company recognises and appreciates the significant role M&P has played in supporting Seplat Energy’s growth and development into a leading independent Nigerian energy company and wishes M&P every success in its future endeavours.”
“Seplat Energy is pleased to welcome Heirs Energies Limited and Heirs Holdings Limited as shareholders and looks forward to working together to continue advancing Seplat’s strategic objectives and long-term ambition of becoming a leading African energy champion,” Ms Adaralegbe said.
