Tony Elumelu's Heirs Energies Boosts Seplat Stake to 21%

Heirs Energies Limited, an indigenous energy company chaired by billionaire investor and Non-Executive Director Tony Elumelu, has increased its stake in Seplat Energy Plc to 21.07%. This follows the acquisition of 6,000,000 ordinary shares on September 30, 2026, at a unit price of £8.87 per share, bringing Heirs Energies' total direct holding to 27,943,867 shares.

When combined with the holdings of Heirs Holdings Limited, another investment vehicle controlled by Elumelu, the total shares controlled by entities affiliated with him amount to 126,400,000. This acquisition highlights the growing investor interest in Nigeria's energy sector, particularly among domestic institutional investors.

The transaction was confirmed in a corporate disclosure to the Nigerian Exchange Limited and the London Stock Exchange, adhering to international capital market standards. The filing was signed by Mrs. Edith Onwuchekwa, the Director of Legal and Company Secretary at Seplat Energy Plc.