Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Corporate deals

Official: Seplat will Open at N576 Per Share..See Final Listing Details

Nairametrics by Nairametrics
April 9, 2014
in Corporate deals
Share on FacebookShare on TwitterShare on Linkedin

SUMMARY OF THE OFFERING:

 

RelatedPosts

Leo Stan Ekeh Foundation targets 10,000 jobs in Imo State

Neveah Limited issues N5.7 billion Series 3, Series 4 Commercial Paper Programme

COMPANY                                           

Seplat Petroleum Development Company Plc. (“Seplat”)

 COUNTRY OF INCORPORATION

Nigeria

 COUNTRY OF OPERATIONS

Nigeria

 SECTOR                                              

Oil & Gas Production and Exploration

 OFFER TYPE                                      

Initial Public Offering

 SECURITIES OFFERED

Ordinary Shares on NSE / Ordinary Shares (in the form of Depositary Interests) on LSE

LISTING                                              

London Stock Exchange, Nigerian Stock Exchange

TICKER                                               

SEPLAT NL / SEPL LN

 

OFFER PRICE

LSE: GBp 210 per share

NSE: NGN 576 per share

 

BASE OFFER SIZE                              

143,284,130 shares

USD500.0m (GBP300.9m or NGN82.5bn equivalent)

 

PRIMARY / SECONDARY                     

100% Primary

— USE OF PROCEEDS                            

US$48 million to repay in full all outstanding amounts under its shareholder loan from MPI S.A. (“MPI”); and (ii) the remainder of the net proceeds to be available for acquiring and developing new

acquisitions, and/or pay down any additional debt raised in connection therewith, of both onshore and shallow offshore acreages, assets or joint venture (“JV”) farm-ins.

 

INDICATIVE TIMETABLE

Pricing and Allocations (T)                                 Apr 9th

Conditional LSE Trading                                    Apr 9th

LSE and NSE unconditional trading (T+3)           Apr 14th

 

SELLING RESTRICTIONS                    

OFFERING TO INSTITUTIONAL INVESTORS UNDER REG S OUTSIDE THE UNITED STATES

OFFERING TO QIBS IN THE UNITED STATES PURSUANT TO RULE 144A

OFFER TO QUALIFIED INSTITUTIONAL INVESTORS AND HIGH NETWORTH INDIVIDUALS IN NIGERIA

SALES TO ACCREDITED INVESTORS IN ONTARIO AND BRITISH COLUMBIA

SALES TO QUALIFIED INVESTORS IN EEA

 

Related

Tags: News Reviewseplat

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Meet Justice Olukayode Ariwoola the new acting CJN sworn in by president Buhari
    • Leonardo Del Vecchio, the Italian billionaire founder of Ray ban dies at age 87
    • Celebrating the bold and audacious Nigerian youths with Lord’s Achievers Awards

    Follow us on social media:

    Recent News

    Meet Justice Olukayode Ariwoola the new acting CJN sworn in by president Buhari

    Meet Justice Olukayode Ariwoola the new acting CJN sworn in by president Buhari

    June 27, 2022
    Leonardo Del Vecchio, the Italian billionaire founder of Ray ban dies at age 87

    Leonardo Del Vecchio, the Italian billionaire founder of Ray ban dies at age 87

    June 27, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com