Seplat, Unilever announce closed period on share dealings

Seplat Petroleum Development Company Plc has announced that it will be in a Closed Period for its Persons Discharging Managerial Responsibilities (“PDMRs”) and Insiders, from 1st October 2017 to 31st October 2017.

The company in a notification published via the official website of the Nigerian Stock Exchange on Wednesday said the closed period was in sequence with the announcement of the Third Quarter Financial Results of SEPLAT.

The oil firm noted that PDRM’s “be aware that a Closed Period on SEPLAT Share Dealings for all persons on the Insider List of the Company (including persons discharging managerial responsibilities) will be from 1st October 2017.

Therefore, you and your “Connected Persons”, as described under the SEPLAT Share Dealing Policy, are not expected to and must not trade in SEPLAT Shares from 1st October 2017 until 31st October 2017, both dates inclusive.”

Seplat further clarified details of connected persons to include The spouse; Children (including step-children);

Relative who, at the relevant date, occupied the same household as the Applicable Person or Restricted Person, for at least 12 months;

Agent or nominee, including an investment manager managing funds on behalf of the Applicable Person or Restricted Person”

Also “A trust of which the Applicable Person (or Restricted Person) or any person connected to him/her (or any member of their family or any associated company) is the trustee or beneficiary (other than a trust for the purposes of an employee share scheme or a pension scheme);

A person in partnership with the Applicable Person (or Restricted Person) or any person connected to him/her;

A legal entity in which the Applicable Person (or Restricted Person) or his/her connected person is a partner, or where a partner is a firm in which the Applicable Person or his/her connected person is a partner;

A company which the Applicable Person (or Restricted Person) or his/her connected person or either of their family member controls;

A company in which the Applicable Person (or Restricted Person) or his/her connected person is a director or senior executive who has the power to make management decisions affecting the future development and business prospects of that company;

or A company in which the Applicable Person (or Restricted Person) or his/her connected person controls, or can exercise, more than 20% of the voting power or are interested in at least 20% (in nominal value) of the issued shares (excluding Treasury Shares).

Meanwhile, consumer goods giant, Unilever has also notified the investing public of the Closed Period.Unilver said dealings in its shares will close from “Wednesday 4th October, 2017 until Monday 23rd October, 2017 or 24 hours after filing of the Unaudited Interim Financial Statements for period ended 30 September, 2017, whichever is earlier.”

Unilever’s statement signed by its company secretary and legal director, A. Ademola further notified insiders to take note of the respective dates.