Savannah Energy Plc Director/PDMR Shareholding (2290X)

TIDMSAVE

RNS Number : 2290X

Savannah Energy Plc

26 August 2020

26 August 2020

Savannah Energy PLC

("Savannah" or "the Company")

Director/PDMR Shareholding

Savannah Energy PLC, the British independent energy company focused around activities in Nigeria and Niger, announces that it was informed on 26 August 2020 that David Clarkson, Non-Executive Director, acquired 756,692 Ordinary Shares, in aggregate, at an average price of 9.25 pence per share.

Following this transaction, Mr Clarkson's total interest in the Company is now 1,113,692 Ordinary Shares, representing approximately 0.11% of the total voting rights of the Company.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 
 1    Details of the person discharging board/managerial responsibilities/person closely associated 
 a)   Name                                                      David Clarkson 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Non-Executive Director 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/Amendment                            Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Savannah Energy PLC 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       2138002YCJORSFH5YR43 
     --------------------------------------------------------  ------------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Description of the financial instrument, type of          Savannah Energy plc ordinary shares 
      instrument 
 
      Identification code                                        ISIN: GBOOBP41S218 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 The acquisition of 756,692 ordinary shares of 0.1p 
                                                                each in the Company 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Tuesday 25 August 2020 
                                                                 Volume: 112,107 Shares 
                                                                 Avg price: 8.92p 
 
                                                                 Volume: 435,719 Shares 
                                                                 Avg price: 9.18p 
 
                                                                 Wednesday 26 August 2020 
 
                                                                 Volume: 208,866 Shares 
                                                                 Avg price: 9.58p 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
       -  Price                                                   756,692 Shares 
 
                                                                  9.25p 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   25 and 26 August 2020 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  London Stock Exchange 
     --------------------------------------------------------  ------------------------------------------------------- 
 

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 (Sole Broker)            3362 
 Peter Krens 
 Ed Haig-Thomas 
 
                                  [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 over 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 exploration targets 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 .

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August 26, 2020 07:22 ET (11:22 GMT)