Seplat Energy, which is listed on both Nigerian Exchange
Limited and the London Stock Exchange,
is seeking to drive the country’s energy transition towards cleaner,
more reliable energy.
Orjiako had retired last month after 13 years as the board
chairman of the energy company.
Orjiako in his reaction at the event in London, was quoted
in a statement as saying, “It is the magnanimity of the London stock exchange
and LSEG’s Africa Advisory Group that made it possible for us to be here today.
It is not an easy thing to ring the opening bell of the LSE, for me to use this
to mark my exit as the chairman of Seplat brings very old memories to me
starting from 2014 when we first rang the bell to list our security in this
market.”
The Chief Executive Officer, LSE Plc, Julia Hogget, was
quoted as saying, “I have had the opportunity occasionally to meet members in
person, but this is really the first opportunity. Not all of us, but a lot of
us have managed to come for this important occasion and to acknowledge the many
achievements that you (ABC Orjiako) have had in your career.”
Speaking further at the event, she said, “Seplat was also
the first Nigerian company to list ordinary shares simultaneously on the London
Stock Exchange and NGX and $535m was successfully raised during that initial
public offering, which was both oversubscribed and the largest IPO in subject,”
Hogget noted.
“It says a lot about the people at the London Stock Exchange
that one of the things that they wanted me to make sure I equally referenced,
apart from the IPO was the financial innovation that took place following the
listing in terms of the cross border settlement mechanism.
It is a really important point. It is also that innovation
that enabled the seamless transverse shares between the UK and Nigerian share
registers.”
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