Home Energy Seplat Energy’s MPNU Ministerial Approval Stands, No Withdrawal

Seplat Energy’s MPNU Ministerial Approval Stands, No Withdrawal

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Olushola Okunlade Writes

Seplat Energy has officially responded to some false reports that the Ministerial Approval of the Company’s proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (“MPNU”) has been withdrawn.

The company deemed it fit to state categorically that the ministerial appointment stands and there was no withdrawal of any kind at all.

Seplat Energy Plc become aware of a news report claiming that Ministerial Approval of the Company’s proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (“MPNU”) has been withdrawn on Thursday 11 August 2022.

Seplat Energy has received no official notification of such a decision and is seeking clarification from the relevant authorities. We will continue to work with all parties to achieve a successful outcome for the proposed acquisition and will provide an update in due course.

This announcement is made pursuant to Rule 17.10 of the Rulebook of the Nigerian Exchange, 2015 (Issuer’s Rule).

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