Seplat Denies Purported Court Order Against May 10 AGM

Seplat Energy Plc on Friday said has become aware of media reports creating the impression that the Federal High Court in Abuja in the duplicated petition of FHC/ABJ/PET/8/2023 filed by Boniface Okezie & four others V. Seplat Energy & 9 others, seeking to restrain its board from holding the 2023 Annual General Meeting slated for May 10.
According to a statement personally signed by Basil Omiyi, an independent director and chairman of the board, described the media reports as “a deliberate attempt to misinform the public and misrepresent the court proceedings, as the Court made no such order suspending the holding of the AGM.
“It is imperative to recall from the Company’s Announcement of 28 April 2023 that the Court did not grant the Petitioners’ request to restrain the Company from holding its AGM,” he stressed.
The company however said it “is working within the purview of the law, with due reference to the Court, and has secured all required approvals. This announcement is made pursuant to Rule 17.10 of the Rulebook of the Nigerian Exchange, 2015 (Issuer’s Rule).”