Seplat’s Market Value Rises by N6.8bn to N377bn
The market capitalisation of Seplat Petroleum Development Company Plc increased by N6.841 billion, following listing of additional 10.026 million shares of 50 kobo of the company on the Nigerian bourse.
The Nigerian Stock Exchange (NSE) had on April 14, listed 543.284,130 shares of the company at N576 per share. However, the NSE said additional 10,026,183 shares were added to Seplat last Friday. The additional shares, the exchange explained, arose as a result of over subscription and allotment of Seplat’s global Initial public offering (IPO).