Seplat Vitality Chairman, Mr. Udoma, acquires further shares, boosts stake within the firm 

Seplat Vitality has introduced that its Chairman, Mr. Udoma Udo Udoma, has bought an extra 32,500 shares within the firm.

The transaction was disclosed in a Administrators’ Dealing Notification revealed on the Nigerian Alternate Group (NGX) portal on December 19, 2024, and signed by the corporate secretary, Mrs. Edith Onwuchekwa.

Following the acquisition, Mr. Udoma now owns 55,071 shares in Seplat Vitality, representing a voting curiosity of roughly 0.00935% primarily based on the corporate’s whole issued shares of 588,444,561.

The disclosure states:  

‘’The Firm was notified of the acquisition of 32,500 abnormal shares by Mr. Udoma Udo Udoma, the Chairman of the Board of Administrators of the Firm.’’ 

In continuation: “Following this buy, Mr. Udoma Udo Udoma now holds 55,071 shares within the Firm, which equates to a voting curiosity of 0.00935% primarily based on the issued shares of 588,444,561.”

The disclosure aligns with Rule 17.15(c) of the NGX Rulebook, 2015 (Issuers’ Guidelines), and Article 19(3) of the UK Market Abuse Laws, fulfilling regulatory necessities for transactions involving administrators and key administration personnel.

What to know 

• The shares acquired by the Chairman of the Board of Administrators, Mr. Udoma Udo Udoma, are abnormal shares recognized by the code NGSEPLAT0008.
• The acquisition was executed in two tranches:
• 22,500 shares at a value of £196.6203 per share.
• 10,000 shares at a value of £199.898 per share.
• The whole buy quantities to 32,500 shares, with a cumulative common value of £198.259 per share.
• The transactions passed off between December 18 and 19, 2024, with the London Inventory Alternate listed because the venue.

Seplat’s inventory market efficiency in 2024   

Seplat Vitality has recorded important actions within the Nigerian inventory market, reaching a year-to-date achieve of 146.8% as of December 2024.

• The inventory started the yr at N2,310 and, with a buying and selling quantity of two million shares, ended January on a constructive be aware.
• Whereas its value motion stalled between March and April, the inventory regained momentum in subsequent months.
• In October, Seplat skilled its strongest progress, rising by 39% to shut at N5,700, supported by a buying and selling quantity of 10.6 million shares.
• Though November noticed a decline, December has introduced renewed shopping for curiosity, with the inventory buying and selling at N5,700 as of December 20, 2024.

On the London Inventory Alternate, Seplat has additionally seen features, with a year-to-date enhance of 61.3% and a present share value of £197, reflecting regular investor curiosity.