Seplat CEO transfers shares to Professional Support Ltd

Seplat Petroleum Development Company Plc says its Chief Executive Officer, Mr Austin Avuru, has transferred his shares to a Professional Support Limited.

The company said in a statement made available to the Nigerian Stock Exchange that Avuru filed a notification on September 3 for the transfer of his 904,717 ordinary shares to Professional Support Limited, an entity wholly controlled by him.

The statement read in part, “The above transaction has not resulted in a change in beneficial ownership, which remains at 12.19 per cent.

“Professional Support holds 31,068,211 shares (5.28 per cent) and Platform Petroleum holds 40,659,695 shares (6.91 per cent), based on the issued share capital of 588,444,561.

“Mr Avuru now holds nil direct interest and an indirect interest of 71,727,906 ordinary shares of 50k each of the company.”

Seplat said further details of the transaction were set out in a full statement.


Source: The Punch



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