Heirs Energies Limited has increased its investment in Seplat Energy Plc after purchasing an additional six million shares of the Nigerian independent energy company.

The shares were acquired on September 30, 2026, on the London Stock Exchange at £8.87 each, according to a regulatory disclosure filed with the Nigerian Exchange and London Stock Exchange.

Following the transaction, Heirs Energies’ direct ownership in Seplat rose to 27,943,867 ordinary shares.

The latest acquisition also increased the combined interest held by companies linked to businessman Tony Elumelu. Heirs Energies and Heirs Holdings Limited now hold a total of 126.4 million Seplat shares, representing a 21.07 per cent voting interest in the company.

Seplat has 599,944,561 issued ordinary shares.

The transaction was disclosed in line with regulatory requirements governing dealings in the shares of listed companies in both Nigeria and the United Kingdom.

Seplat’s company secretary and Director of Legal, Edith Onwuchekwa, signed the regulatory notification, which cited the relevant rules of the Nigerian Exchange and the United Kingdom’s Market Abuse Regulations.

The increased stake strengthens Elumelu’s position in one of Nigeria’s major independent oil and gas companies at a time when indigenous energy firms are taking on a larger role in the country’s petroleum industry.

The move also comes as international oil companies continue to restructure their portfolios in Nigeria, creating opportunities for local operators to acquire or increase their interests in producing assets.

Heirs Energies, chaired by Elumelu, has interests in Nigeria’s oil and gas industry, while Seplat remains a significant producer with assets in the Niger Delta.

The latest share purchase therefore further deepens the investment relationship between Elumelu-linked entities and Seplat Energy as Nigerian companies continue to expand their participation in the en