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Seplat gets shareholders approval on name change

Shareholders of Seplat Petroleum Development Company Plc have unanimously approved the change of name resolution from Seplat Petroleum Development Company Plc to Seplat Energy Plc.

The company on Sunday said the name change approved at its 8th Annual General Meeting with shareholders, auditors, regulators, company directors, is in line with its transition into a full energy solutions company.

Dr. ABC Orjiako, Chairman of Board, Seplat said it was the responsibility of the board to plan for the long-term sustainability of the company, as scenario analysis on Seplat’s assets have been conducted under different climate change and demand scenarios.

According to him, Seplat looks forward to a future in which it is much more involved in promoting low carbon environment in its operations, hence the adoption of the new name, Seplat Energy, as its new name.

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Source: SweetCrudeReports

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