By Dipo Olowookere
The board of directors of Seplat Petroleum Development Company (Seplat) Plc has announced its intention to hold a meeting next week.
During the meeting, the company’s apex decision making body would take a look into the financial statements of Seplat in the first quarter of 2018.
A statement issued yesterday by the oil firm disclosed that the meeting will precisely take place on Thursday, April 19, 2018 at the Board Room, SEPLAT Head Office on 25a, Lugard Avenue, Ikoyi, Lagos.
“Further to our earlier notification to the Nigerian Stock Exchange (NSE) on April 3, 2018 and in line with the rules of the NSE, the Board of SEPLAT will meet to discuss its Q1 2018 Financial Results.”
The statement further said apart from consideration of the company’s earnings for Q1 2018, the board will look into the “issue of declaration of dividend for its shareholders.”
The board promised that it would “notify the NSE of the details” of its decision on the “above subject matter immediately after the meeting,” which is expected to begin at 10am and end by 3pm.
Seplat is a leading indigenous Nigerian oil and gas exploration and production company with a strategic focus on Nigeria, listed on the main market of the London Stock Exchange (LSE) and the Nigerian Stock Exchange (NSE).
Seplat is pursuing a Nigeria focused growth strategy and is well positioned to participate in future divestment programmes by the international oil companies, farm-in opportunities and future licensing rounds.
Adedapo Adesanya