Tony Elumelu’s Heirs Energies raises Seplat stake to 21%
Heirs Energies, chaired by Tony Elumelu, has increased its stake in Seplat Energy to 21.07% after acquiring 6 million additional shares on the LSE. Read More: https://punchng.com/tony-elumelus-heirs-energies-raises-seplat-stake-to-21/
Heirs Energies Limited, an indigenous energy company chaired by billionaire Tony Elumelu, has increased its stake in Seplat Energy Plc to 21%. The Nigerian energy sector is attracting more domestic institutional investors, as shown by the acquisition. Heirs Energies Limited purchased 6 million ordinary shares in Seplat on October 30, 2026, at £8.87 per share.
This brings the energy firm's direct holding to 27,943,867 shares. Combined with Heirs Holdings Limited, controlled by Elumelu, they now control a combined 126,400,000 shares, or 21.07% of Seplat's 599,944,561 issued ordinary shares. This insider transaction follows international capital market standards.
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