NGX implements SEPLAT’s name change to Seplat Energy Plc

The Nigerian Exchange Limited (NGX) has implemented the change of name of Seplat Petroleum Development Company Plc (the Company) to Seplat Energy Plc. The company’s profile on the NGX is now on its new name Seplat Energy Plc. The Company’s trading symbol remains the same.

The name change is in line with the approval obtained from the shareholders of the Company at its 8th Annual General Meeting held last month in Lagos and the receipt by the Company of a new certificate of incorporation from the Corporate Affairs Commission.

ABC Orjiako, Chairman of Board, Seplat, had said at the Annual General Meeting that “When we started Seplat, environmental stewardship resonated very strongly in our core values. Today, our core values are Value creation, Integrity and Partnership (VIP).”

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“When we started business, obviously, what was happening at that time was that oil was making revenue but over time, things started to change. Globally today, the world is transiting from combustion-driven economies to electricity-driven economies.

“That comes with a real strong impact on demand for oil and gas and as this happens; you then come back to what happens in the environment. From the beginning, we knew that we would have carbon footprints, therefore, we committed to making sure that environmental stewardship remains constant in our core values”, Orjiako said.