SEPLAT And Eland Reached An Agreement On The terms of A Recommended Cash Acquisition

Proshare

Tuesday, October 15, 2019 11:35 PM / NSE

 

Seplat Petroleum Development Company Plc ("Seplat" or the "Company"), a leading Nigerian independent oil and gas company listed on both the Nigerian Stock Exchange and London Stock Exchange, today notifies that the Boards of Seplat and Eland are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Eland by Seplat (the "Acquisition").

The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act. Further details are provided in the attached 2.7 Announcement.

 

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