Elumelu acquires additional £53.2m shares in Seplat

Tony Elumelu, Chairman of Heirs Holdings, has acquired an additional six million shares in Seplat Energy Plc for £53.2 million. The shares were purchased by Heirs Energies Limited, a company controlled by Elumelu, at £8.87 each in a transaction conducted in London on September 30, 2026. Following the acquisition, Heirs Energies' direct holding in Seplat increased to 27,943,867 shares. Heirs Energies and Heirs Holdings Limited now jointly hold 126.4 million shares in Seplat, representing a 21.07 percent voting interest.

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