Heirs Holdings has bought six million more shares of Seplat Energy, worth £53.2 million. This purchase was made by Heirs Energies Limited, a company run by Tony Elumelu, and the shares were bought at a price of £8.87 each in London on September 30, 2026. After this transaction, Heirs Energies now owns a total of about 27.9 million shares in Seplat. Together with Heirs Holdings, they hold a combined total of 126.4 million shares, which is about 21.07% of Seplat's total shares. This acquisition comes as Elumelu is set to become the chairman of Seplat when the current chairman retires at the end of December 2026. Elumelu joined Seplat's board earlier this year. The company has also provided details about this transaction in accordance with relevant regulations.
Don't miss out on breaking stories and in-depth articles.
