Tony Elumelu Boosts Seplat Stake with £53.2m Share Purchase
Tony Elumelu, chairman of Heirs Holdings, has acquired an additional six million shares in Seplat Plc, valued at approximately £53.2 million, through Heirs Energies Limited. This transaction occurred on September 30, 2026, at a price of £8.87 per share.
Following this acquisition, Heirs Energies’ direct holding in Seplat increased to 27,943,867 shares, while the combined holdings of Heirs Energies and Heirs Holdings now total approximately 126.4 million shares, representing a 21.07% voting interest in Seplat's 599,944,561 issued shares. Elumelu is set to become the chairman of Seplat on January 1, 2027, succeeding Udoma Udo Udoma, who will retire on December 31, 2026.
Elumelu joined Seplat’s board as a non-executive director in January 2026. The share purchase was disclosed in compliance with Nigerian and UK market requirements, detailing the transaction's date, location, price, and resulting holdings.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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