Seplat energy holds AGM on may 20

By Damilare Adeleye

Seplat Energy Plc has announced plans to hold its 13th Annual General Meeting virtually on Wednesday, May 20, 2026.

This was just as shareholders are expected to consider a final dividend for the 2025 financial year and ratify the appointment of the chairman of Heirs Holdings, Tony Elumelu, as non-executive director.

This was disclosed in a notice dated February 25, 2026, and signed by the Company Secretary, Mrs Edith Onwuchekwa.

The company listed several items as agenda, including the presentation of its audited financial statements for the year ended December 31, 2025, alongside the reports of the directors, auditors and the statutory audit committee.

Shareholders would vote on the declaration of a final dividend recommended by the board for the 2025 financial year, as well as the reappointment of PricewaterhouseCoopers as external auditors until the next AGM.

The board is seeking authorisation to fix the auditors’ remuneration.

As part of board changes, shareholders will ratify the appointments of Mr Larry Ettah and Elumelu as an independent non-executive Director and Mr Elumelu as a non-executive director respectively.

In addition, Mr Udoma Udo Udoma and Mr Christopher I.N. Okeke, both independent non-executive directors retiring by rotation, will be presented for re-election.

Other matters include the disclosure of managers’ remuneration and the election of shareholder representatives to the statutory audit committee.

Seplat Energy Plc is a leading Nigerian independent energy company listed on the Nigerian Exchange Limited and the London Stock Exchange. The AGM comes amid ongoing crude price volatility and increased focus on gas development as operators align with Nigeria’s medium-term energy transition objectives.