Dec 12, 08:10 AM

I&M Group PLC Approves 86.5M Share Allotment; Seplat Energy Completes $1.28B MPNU Acquisition from ExxonMobil

I&M Group PLC shareholders have approved key resolutions during an extraordinary general meeting (EGM), which included the authorization of 86.5 million new shares and an increase in share capital. Additionally, East Africa Growth Holding will subscribe to these new shares, and amendments were made to the company's articles concerning investor rights, reserved matters, and representation. Separately, Seplat Energy has completed its $1.28 billion acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil. This acquisition, in which Seplat holds 20.46% of shareholding through Maurel & Prom, is seen as a significant step in the company's growth strategy.

#East Africa Growth Holding #Seplat Energy #Mobil Producing Nigeria Unlimited #MPNU #ExxonMobil #Seplat

Written with ChatGPT (GPT-4o mini).

Sources

Punch Newspapers@MobilePunch
1 year ago
Seplat Energy Plc has finalised the $1.28bn acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil, marking a milestone in the company’s growth strategy. https://t.co/AbuNqbizqE
Boursier.com@Boursier_com
1 year ago
Maurel & Prom : Seplat Energy annonce la finalisation de l'acquisition de MPNU https://t.co/o0C5mtdApc #bourse #finance $MAU
LeguideBoursier.com@leguideboursier
1 year ago
Seplat Energy (détenue A 20,46% par MP) annonce la finalisation de l`acquisition de MPNU https://t.co/HnWjvClDZF

I&M Group PLC Approves 86.5M Share Allotment; Seplat Energy Completes $1.28B MPNU Acquisition from ExxonMobil

Sources

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