Announcement of Intention to Float
SEPLAT, an indigenous independent oil and gas company incorporated and operating in Nigeria with a strategic focus on Nigeria, announces its intention to proceed with an initial public offer of its Ordinary Shares (the “Global Offer”). SEPLAT intends to apply for admission of its Ordinary Shares to the standard listing segment of the Official List of the FCA and to trading on the LSE’s main market and to the Official Trading List of the NSE.
Upon listing, SEPLAT will be the first Nigerian company to have its ordinary shares dual listed on both the LSE and the NSE.
The Global Offer is expected to be at least US$500 million.