Savannah Energy Plc General Meeting Results (6280Z)

TIDMSAVE

RNS Number : 6280Z

Savannah Energy Plc

21 September 2020

21 September 2020

Savannah Energy PLC

("Savannah" or "the Company")

General Meeting Results

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

 
 Resolution                            For        For     Against    Against   Votes Withheld 
                                     (No. of      (%)     (No. of      (%)     (No. of shares) 
                                     shares)               shares) 
                                  ------------  -------  ---------  --------  ---------------- 
 1. To receive the Annual 
  Report and Accounts              567,979,802   100.00          0      0.00        57,395,480 
                                  ------------  -------  ---------  --------  ---------------- 
 2. To re-appoint Grant 
  Thornton UK LLP as 
  auditor of the Company           565,009,414    99.99     55,000      0.01        60,310,868 
                                  ------------  -------  ---------  --------  ---------------- 
 3. To authorise the 
  Audit and Risk Committee 
  to determine the remuneration 
  of the auditor                   568,034,414   100.00          0      0.00        57,340,868 
                                  ------------  -------  ---------  --------  ---------------- 
 
 
 NOTES: 
 1.       All resolutions were passed. 
 
  2.       Proxy appointments which gave discretion to the Chairman 
           of the General Meeting 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 17 September 
           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 General 
           Meeting can be found in the Notice of General Meeting 
           which is available on the Company's website at https://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 
 
                                      [phone] 
 Strand Hanson (Nominated Adviser)     3494 
 James Spinney 
 Ritchie Balmer 
 Rory Murphy 
 
                                      [phone] 
 Mirabaud (Corporate Broker)           3362 
 Peter Krens 
 Ed Haig-Thomas 
 
                                      [phone] 
 Celicourt Communications              2754 
 Mark Antelme 
 Jimmy Lea 
  Ollie Mills 
 

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

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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September 21, 2020 11:03 ET (15:03 GMT)