Savannah Energy Plc Annual General Meeting Results (4203R)

TIDMSAVE

RNS Number : 4203R

Savannah Energy Plc

29 June 2020

29 June 2020

Savannah Energy PLC

("Savannah" or "the Company")

Annual General Meeting ("AGM") Results

The Company announces that at its Annual General Meeting held earlier today all the resolutions set out in the Notice of Annual General Meeting were passed by way of a poll by the requisite majority. The votes received in relation to the resolutions were as follows:

 
 Resolution                      For        For     Against     Against   Votes Withheld 
 * indicates Special           (No. of      (%)     (No. of       (%)     (No. of shares) 
  Resolution                   shares)               shares) 
                            ------------  ------  -----------  --------  ---------------- 
 1. To re-elect Andrew 
  Knott as a Director.       645,033,590   99.36   4,135,766     0.64         459,947 
                            ------------  ------  -----------  --------  ---------------- 
 2. To re-elect Isatou 
  Semega-Janneh as a 
  Director.                  646,042,398   99.52   3,116,905     0.48         470,000 
                            ------------  ------  -----------  --------  ---------------- 
 3. To re-elect Stephen 
  Jenkins as a Director.     635,596,964   98.08   12,437,227    1.92        1,595,112 
                            ------------  ------  -----------  --------  ---------------- 
 4. To re-elect David 
  Clarkson as a Director.    635,711,441   97.93   13,447,862    2.07         470,000 
                            ------------  ------  -----------  --------  ---------------- 
 5. To re-elect Mark 
  Iannotti as a Director.    635,596,964   97.91   13,562,339    2.09         470,000 
                            ------------  ------  -----------  --------  ---------------- 
 6. To re-elect David 
  Jamison as a Director.     635,592,433   97.91   13,566,870    2.09         470,000 
                            ------------  ------  -----------  --------  ---------------- 
 7. To re-elect Sir 
  Stephen O'Brien as 
  a Director.                635,711,441   97.93   13,447,862    2.07         470,000 
                            ------------  ------  -----------  --------  ---------------- 
 8. To re-elect Michael 
  Wachtel as a Director.     635,711,441   97.93   13,447,862    2.07         470,000 
                            ------------  ------  -----------  --------  ---------------- 
 9. To authorise the 
  Directors to allot 
  Ordinary shares.           580,810,265   89.41   68,819,038    10.59           0 
                            ------------  ------  -----------  --------  ---------------- 
 10. To authorise the 
  Directors to disapply 
  pre-emption rights. 
  *                          576,286,392   88.77   72,872,911    11.23        470,000 
                            ------------  ------  -----------  --------  ---------------- 
 11. To authorise the 
  Company to make market 
  purchases of Ordinary 
  shares of the Company. 
  *                          646,114,303   99.46   3,515,000     0.54            0 
                            ------------  ------  -----------  --------  ---------------- 
 

*Special Resolution

 
 NOTES: 
 1.       All resolutions were passed. 
 2.       Proxy appointments which gave discretion to the Chairman 
           of the AGM have been included in the "For" total for 
           the appropriate resolution. 
 3.       A "Vote withheld" is not a vote in law and is not counted 
           in the calculation of the percentage of shares voted 
           "For" or "Against" any resolution. 
 4.       The number of shares in issue at 6:00 p.m. on 25 June 
           2020 was 996,408,412 (the "Share Capital") and at that 
           time, the Company did not hold any shares in treasury. 
 5.       The full text of the resolutions passed at the AGM 
           can be found in the Notice of Annual General Meeting 
           which is available on the Company's website at www.savannah-energy.com 
           . 
 

For further information, please refer to the Company's website www.savannah-energy.com or contact:

 
                                    [phone] 
 Savannah Energy                     9844 
 Andrew Knott, CEO 
 Isatou Semega-Janneh, CFO 
 Sally Marshak, Communications 
  Consultant 
 
 Strand Hanson (Nominated           [phone] 
  Adviser)                           3494 
 James Spinney 
 Ritchie Balmer 
 Rory Murphy 
 
                                    [phone] 
 Mirabaud (Joint Broker)             3362 
 Peter Krens 
 Ed Haig-Thomas 
 
                                    [phone] 
 Numis Securities (Joint Broker)     1000 
 John Prior 
 Emily Morris 
 Alamgir Ahmed 
 
                                    [phone] 
 Celicourt Communications            2754 
 Mark Antelme 
 Jimmy Lea 
  Ollie Mills 
 

About Savannah Energy:

Savannah Energy PLC is an AIM listed energy company with exploration and production assets in Nigeria and Niger. In Nigeria, the Company has controlling interests in the cash flow generative Uquo and Stubb Creek oil and gas fields, and the Accugas midstream business in South East Nigeria, which provides gas to approximately 10% of Nigeria's available power generation capacity. In Niger, the Company has interests in two large PSC areas located in the highly oil prolific Agadem Rift Basin of South East Niger, where the Company has made five oil discoveries and seismically identified a large exploration prospect inventory, consisting of 146 prospects and leads to be considered for potential future drilling activity.

Further information on Savannah Energy PLC can be found on the Company's website: www.savannah-energy.com .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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June 29, 2020 10:25 ET (14:25 GMT)