By InvestAdvocate

Lagos (INVESTADVOCATE)- First listed Nigerian oil and gas upstream firm, SeplatPetroleum Development Company Plc (SEPLAT) said on Friday it has listed additional ordinary shares of 10,134,248 units of the company on the Daily Official List (DOL) of the Nigerian Stock Exchange (NSE) which arose from a Long-Term Incentive Scheme of the company.

Seplat says the shares were admitted to trading on November 05, 2015 and it brings the total outstanding shares of the company to 563,444,561 units.

The oil and gas upstream firm said the following announcement is being made in accordance with Rule 12.4 of the NSE Amended Listing Rules and Rule 5.6.1A of the Financial Conduct Authority’s Disclosure and Transparency Rules.

“The issued share capital of SEPLAT has been increased by the issue of an additional 10,134,248 ordinary shares to SEPLAT’s Long Term Incentive Plan. These shares have been formally listed on the Nigerian Stock Exchange,” the company said in an issuer’s announcement.

Also, SEPLAT’s capital now consists of 563,444,561 ordinary shares of ?0.50k each, all with voting rights.

According to the company, the figure of 563,444,561 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, SEPLAT under the NSE Rules and the Financial Conduct Authority’s Disclosure and Transparency Rules.