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Tuesday, May 28, 2019 01:24PM / NSE
Seplat
Petroleum Development Company Plc (“Seplat” or the “Company”) wishes to inform
the public that its attention has been drawn to recent publications alleging
that Seplat “failed to remit complete dues” on royalty oil, royalty gas,
concessional rental and gas flared penalty from 2013 through 2017.
Seplat
strongly refutes the allegation of non-payment of Gas sale royalty, Oil
royalty, Concession rental and Gas flare penalty and confirms that it is up to
date on all statutory payments to the FGN. Seplat will vigorously defend its
position.
This
announcement is made in accordance with the provisions of Rule 17.10 (Dealing
with Rumour), Rulebook of the Nigeria Stock Exchange, 2015 (Issuers Rule),
where Seplat is required to publicly state its position.
Visit Seplat Plc IR Page in Proshare MARKETS
Graph – One Year Share Price Movement
Table: Unaudited Q1 2019 Results
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