General Meeting Results

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 shares)	(%)	(No. of shares)	(%)	(No. of 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. 2.	All resolutions were passed. Proxy appointments which gave discretion to the Chairman of the General Meeting have been included in the "For" total for the appropriate resolution.
3. 4.	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. 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:

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