In its 2023 first quarter results, it reported higher revenue of 36.9% to $331 million. childNetworkId = '21634543682', SEPLAT Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. SEPLAT According to sources at Seplat, this singular act gave rise to a double whammy within Seplat; However, in early March 2023, the company CEO, Roger Brown had said Seplat was committed to pursuing the MPNU acquisition deal before a new president is sworn in by the end of May 2023. But to truly gain insight, we need to consider other information, too. After ABC Orjiako stepped down as Board Chairman at Seplat, the company had a consultancy arrangement with him, which obliged him to provide defined assistance to certain external stakeholders. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Gambling reform advocates have called on the federal government to create a special unit to address the harm being inflicted across the country.At a symposium in Adelaide on Monday, both the Public Health Association of Australia and the Alliance for Gambling Reform said the unit should sit within the Department of Health and Aged Care. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC: INVITATION More cases of child neglect in South Australia have emerged a week after an extremely rare string of manslaughter charges were laid.Two women have been bailed to appear in an Adelaide court in June over the alleged criminal neglect of three children. Kano Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? have bought more shares than they have sold in the past 3 months. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. With 47% stake, private companies possess the maximum shares in the company. The investors who had purchased shares after the initial deal was struck and were worried about the flip-flopping of the Nigerian government. Of Seplat Petroleum Development Company Plc Despite these challenges, Seplat reported higher revenue and pre-tax profits in the first quarter of 2023, and has announced a Boardroom succession plan to strengthen corporate governance and retire some board members. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. In January 2023, some former employees filed a petition against Seplats CEO, Roger Brown on the grounds of alleged intimidation, sacking of Nigerian staff, abuse of corporate governance, the relegation of host communities, relocation of Seplat technology office to Aberdeen, UK, bullying of Nigerian staff by foreign nationals, as well as spending of over $5 million dollars to shuttle between Lagos and his London home after allegedly fraudulently collecting a relocation allowance from the company. Metro Pacific Investments Corporation is currently the largest shareholder, with 21% of shares outstanding. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Visa Charges Higher After Better-Than-Expected Q2 Report, onsemi Puts A Bottom in Chip Stocks, Heads For New Highs, Checkpoint Software Leads Cyber-Security Stocks. The plan involves the retirement of Mr Basil Omiyi as Board Chairman, as well as the retirement of Senior Independent Non-Executive Director (SINED), Dr Charles Okeahalam before the companys Annual General Meeting in May 2024. click here to see if those insiders have been buying or selling. height: calc((850px) * 9 / 16); Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. adunit = 'nairametrics.com_336x336_responsive_DFP', All rights reserved. You can click here to see if those insiders have been buying or selling. Our research also brought to light the fact that roughly 52% of the company is controlled by the top 4 shareholders suggesting that these owners wield significant influence on the business. The Group has a portfolio of high - potential assets focused on Africa and Latin America, consisting of both production assets and opportunities in the exploration or appraisal phase. This represents a yield of 2.36%. What is the dividend yield for Seplat Energy?