Director/PDMR Shareholding

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 instrument Identification code	Savannah Energy plc ordinary shares 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:

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
Mirabaud (Sole Broker)	[phone]
Peter Krens
Ed Haig-Thomas
Celicourt Communications	[phone]
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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