Seplat Energy Plc said there is no going back concerning the 2023 scheduled Annual General Meeting (AGM). On May 10.

Accirding to an authorised publication by Mr Basil Omiyi, independent Chairman, and made available to Financial Edge, noted that Seplat Energy has become aware of certain media reports which seek to create the impression that the Federal High Court in Abuja has restrained the Company from holding its 2023 Annual General Meeting (AGM) in the duplicated petition of FHC/ABJ/PET/8/2023  Boniface Okezie & 4 others V. Seplat Energy & 9 others.

These media reports are a deliberate attempt to misinform the public and misrepresent the court proceedings, as the Court made no such order suspending the holding of the AGM.

It is imperative to recall from the Company’s Announcement of 28 April 2023 that the Court did not grant the Petitioners’ request to restrain the Company from holding its AGM.

Seplat Energy is working within the purview of the law, with due reference to the Court, and has secured all required approvals. This announcement is made pursuant to Rule 17.10 of the Rulebook of the Nigerian Exchange, 2015 (Issuer’s Rule).