Heirs Energies buys 6 million shares in Seplat Energy stock

Published on 10/15/2026 at 13:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seplat Energy stock costs EUR 9.78 on October 15, 2026, versus a EUR 9.55 bid. Heirs bought 6 million shares on September 30 in London.

Ownership and earnings

Heirs Energies bought 6,000,000 shares on September 30, lifting the combined holding to 21.07 percent.
Profit before tax rose 74.10 percent to NGN 790.4 billion in the six months ended June 2026.
Seplat Energy stock trades at EUR 9.78 at 1:01 p.m. CEST at Lang & Schwarz on October 15, 2026.

SEPLAT, NGSEPLAT0008, Illustration mit AI erstellt.

Seplat Energy (NGSEPLAT0008) was trading at EUR 9.78 at Lang & Schwarz on October 15, 2026 at 1:01 p.m. CEST. Heirs Energies bought 6,000,000 shares on September 30, lifting the combined holding of entities controlled by Tony Elumelu to 21.07 percent, according to Lloyds Bank.

Ownership gains a larger footprint

The filing put Heirs Energies' direct holding at 27,943,867 shares. Combined with Heirs Holdings, the position reached 126,400,000 shares, equal to 21.07 percent of Seplat Energy's 599,944,561 issued shares.

The transaction was completed in London at GBP 8.87 per share. That price and the larger stake give investors a concrete measure of insider-linked confidence, although the purchase date was September 30 rather than October 15.

Three events shape the story

On January 16, 2026, the ANOH gas project began supplying processed gas at 40 to 52 million standard cubic feet per day, as reported by Simply Wall St. On June 30, 2026, profit before tax for the first half reached NGN 790.4 billion, according to BusinessDay. On September 30, 2026, Heirs Energies purchased the additional 6,000,000 shares, according to the RNS filing carried by Lloyds Bank.

What supports the valuation?

Seplat's first-half 2026 profit before tax rose 74.10 percent year over year to NGN 790.4 billion from NGN 454.1 billion, while revenue increased 15.50 percent to NGN 2.50 trillion. Production reached 139,509 barrels of oil equivalent per day, according to BusinessDay. The earnings comparison is the central operating counterweight to the stock's sharp re-rating in 2026.

Next reporting date is October 28

Seplat Energy is scheduled to consider its unaudited third-quarter 2026 results on October 28, 2026, according to Simply Wall St. The date gives the market its next test of production, revenue and cash generation.

Trading stays linked to London

Seplat Energy's primary quoted market is the London Stock Exchange, where the shares trade under SEPL in GBp. The German euro indication stood at EUR 9.78 at Lang & Schwarz on October 15, 2026 at 1:01 p.m. CEST, with a EUR 9.55 bid and EUR 10.00 ask. The further course of trading is shown by the continuously updated real-time quote of Seplat Energy stock.