Annual General Meeting ("AGM") Results

RNS Number : 7339D

Savannah Energy Plc

30 June 2021

 

30 June 2021

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 Resolution	(No. of shares)	(%)	(No. of shares)	(%)	(No. of shares)
1.  To receive the Annual Report and Accounts.	631,541,186	99.14	5,481,575	0.86	6,952,500
2.  To appoint BDO LLP as auditor of the Company.	636,972,761	99.99	50,000	0.01	6,952,500
3.  To authorise the Audit and Risk Committee to determine the remuneration of the auditor.	636,972,761	99.99	50,000	0.01	6,952,500
4.  To authorise the Directors to allot Ordinary shares.	632,995,480	99.89	717,195	0.11	10,262,586
5.  To authorise the Directors to disapply pre-emption rights. *	630,263,905	99.10	5,743,005	0.90	7,968,351
6.  To authorise the Company to make market purchases of Ordinary shares of the Company. *	633,742,761	99.49	3,280,000	0.51	6,952,500

*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 28 June 2021 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 contact:

Savannah Energy	[phone]
Andrew Knott, CEO
Isatou Semega-Janneh, CFO
Sally Marshak, Communications Consultant
Strand Hanson (Nominated Adviser)	[phone]
James Spinney
Ritchie Balmer
Rory Murphy
finnCap Ltd (Joint Broker)  Christopher Raggett Tim Redfern	[phone]
Panmure Gordon (UK) Ltd (Joint Broker)  John Prior	[phone]
Hugh Rich
Camarco	[phone]
Billy Clegg
Owen Roberts Violet Wilson

About Savannah Energy:  

Savannah Energy PLC is an AIM market listed African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, with a focus on delivering material long term returns for stakeholders. 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 contributing to over 10% of Nigeria's daily national average thermal power generation. 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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