Seplat Energy Shareholders Approve All Resolutions at 2026 Annual General Meeting

Seplat Energy Plc shareholders have approved all resolutions presented at the company’s 13th Annual General Meeting (AGM), including the declaration of a final dividend for the 2025 financial year, re-election and appointment of directors, and approval of the directors’ remuneration report.

The AGM, which was held virtually on Wednesday, May 20, 2026, recorded strong shareholder participation with most resolutions receiving more than 99.9 percent approval based on votes cast.

Shareholders approved the company’s audited financial statements for the year ended December 31, 2025, alongside the reports of directors, auditors and the statutory audit committee. The resolution secured 411.67 million votes in favour, representing 99.99 percent support.

Investors also approved the payment of a final dividend recommended by the board for the 2025 financial year after 412.22 million shares voted in favour of the proposal.

As part of the board decisions ratified at the meeting, shareholders approved the appointment of Tony Elumelu as a non-executive director of the company and Larry Ettah as an independent non-executive director.

In addition, shareholders re-elected Udoma Udo Udoma and Christopher Okeke as independent non-executive directors.

The company also confirmed the composition of its statutory audit committee following the AGM. The committee includes shareholder representatives Abayomi Adeyemi, Hauwa Umar and Nornah Awoh, alongside board representatives Bashirat Odunewu and Kazeem Raimi.

Seplat Energy said PricewaterhouseCoopers would continue as the company’s external auditors in line with the provisions of the Companies and Allied Matters Act (CAMA) 2020.

The company’s remuneration report, including its forward-looking remuneration policy, was also approved by shareholders with overwhelming support.

Seplat Energy noted that the meeting was conducted electronically in line with provisions of the Business Facilitation Act 2022, which allows Nigerian public companies to hold virtual annual general meetings.

The indigenous energy company, listed on both the Nigerian Exchange Limited and the London Stock Exchange, said its operations continue to focus on expanding domestic gas supply, improving energy reliability and supporting Nigeria’s energy transition objectives.

Seplat Energy currently operates a diversified portfolio of oil and gas assets across the Niger Delta region and manages major gas processing infrastructure, including the ANOH Gas Processing Plant and facilities in Oben and Sapele.