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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Savannah Petroleum Plc | LSE:SAVP | London | Ordinary Share | GB00BP41S218 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.90 | 8.16 | 8.98 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSAVE
RNS Number : 4383Z
Savannah Energy Plc
24 January 2022
24 January 2022
Savannah Energy PLC
("Savannah", the "Company" or the "Group")
Result of General Meeting ("GM") and Total Voting Rights ("TVR")
Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, announces it held a general meeting at 10.30 a.m. today to approve, inter alia, the Exxon Acquisition and the PETRONAS Acquisition, and the allotment of, inter alia, the EBT Shares and the Warrant Shares. In total, there were 10 resolutions proposed and the Company is pleased to announce that all 10 resolutions proposed were duly passed by way of a poll of the requisite majority. The votes received in relation to the resolutions were as follows:
No. Resolution For For Against Against Withheld *indicates (No. of (No. of (No. of special resolution shares) (%) shares) (%) shares) -------------------- ------------ ------- ------------ -------- ------------ Approve Exxon 1 Acquisition 876,994,633 100.00 600 0.00 175,000 -------------------- ------------ ------- ------------ -------- ------------ Approve PETRONAS 2 Acquisition 876,995,233 100.00 0 0.00 175,000 -------------------- ------------ ------- ------------ -------- ------------ Allot Ordinary 3 Shares 876,146,323 99.90 843,190 0.10 180,720 -------------------- ------------ ------- ------------ -------- ------------ Allot the EBT 4 Shares 626,325,518 83.34 125,229,929 16.66 125,614,786 -------------------- ------------ ------- ------------ -------- ------------ Allot the Warrant 5 Shares 874,677,773 99.74 2,311,740 0.26 180,720 -------------------- ------------ ------- ------------ -------- ------------ Allot the new 6 Ordinary Shares 743,387,003 98.83 8,834,209 1.17 124,949,021 -------------------- ------------ ------- ------------ -------- ------------ Pre-emption 7 Rights* 868,100,906 99.06 8,222,842 0.94 846,485 -------------------- ------------ ------- ------------ -------- ------------ Pre-emption 8 Rights - EBT* 626,297,120 83.33 125,258,327 16.67 125,614,786 -------------------- ------------ ------- ------------ -------- ------------ 9 Warrant Shares* 871,699,375 99.47 4,624,373 0.53 846,485 -------------------- ------------ ------- ------------ -------- ------------ 10 Ordinary Shares* 743,358,605 98.91 8,196,842 1.09 125,614,786 -------------------- ------------ ------- ------------ -------- ------------ NOTES: 1. All resolutions were passed. 2. Proxy appointments which gave discretion to the Chairman of the GM 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 20 January 2022 was 1,248,031,868 (the "Share Capital") and at that time, the Company did not hold any shares in treasury.
Further details on the Resolutions, and the remaining conditions to Completion, are contained in the Company's AIM Admission Document published on 30 December 2021 ("Admission Document"), which is available on the Company's website.
Following allotment of the EBT Shares, which is expected later this week, application will be made for the EBT Shares (which consists of 58,066,951 new Ordinary Shares) to be admitted to trading on AIM, which such admission expected to take place on or around 4 February 2022.
Following admission of the EBT Shares, the Company will have 1,306,098,819 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury and accordingly this will be the total number of voting rights in the Company and may be used by Shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Rules and the Transparency Rules.
Unless otherwise defined, capitalised terms in this announcement have the same meaning ascribed to them in the Company's Admission Document.
For further information, please contact:
+44 (0) 20 3817 Savannah Energy 9844 Andrew Knott, CEO Nick Beattie , Interim CFO Sally Marshak, Head of IR & Communications +44 (0) 20 7409 Strand Hanson (Nominated Adviser) 3494 James Spinney Ritchie Balmer Rob Patrick finnCap Ltd (Joint Broker) Christopher Raggett +44 (0) 20 7220 Tim Redfern 0500 Panmure Gordon (UK) Ltd (Joint Broker) John Prior Hugh Rich +44 (0) 20 7886 James Sinclair-Ford 2500 +44 (0) 20 3757 Camarco 4983 Billy Clegg Owen Roberts Violet Wilson
About Savannah Energy:
Savannah Energy PLC is an AIM listed British independent energy company focused around the delivery of Projects that Matter in Africa. 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 enabling over 10% of Nigeria's thermal power generation. In Niger, the Company has licence interests covering approximately 50% of 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. The Company has announced that it is in the process of acquiring a portfolio of upstream and midstream assets in Chad and Cameroon.
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 rns@lseg.com or visit www.rns.com.
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END
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(END) Dow Jones Newswires
January 24, 2022 11:56 ET (16:56 GMT)
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