Annual General Meeting Results

RNS Number : 4203R

Savannah Energy Plc

29 June 2020

 

29 June 2020

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 re-elect Andrew Knott as a Director.	645,033,590	99.36	4,135,766	0.64	459,947
2.  To re-elect Isatou Semega-Janneh as a Director.	646,042,398	99.52	3,116,905	0.48	470,000
3.  To re-elect Stephen Jenkins as a Director.	635,596,964	98.08	12,437,227	1.92	1,595,112
4.  To re-elect David Clarkson as a Director.	635,711,441	97.93	13,447,862	2.07	470,000
5.  To re-elect Mark Iannotti as a Director.	635,596,964	97.91	13,562,339	2.09	470,000
6.  To re-elect David Jamison as a Director.	635,592,433	97.91	13,566,870	2.09	470,000
7.  To re-elect Sir Stephen O'Brien as a Director.	635,711,441	97.93	13,447,862	2.07	470,000
8.  To re-elect Michael Wachtel as a Director.	635,711,441	97.93	13,447,862	2.07	470,000
9.  To authorise the Directors to allot Ordinary shares.	580,810,265	89.41	68,819,038	10.59	0
10.  To authorise the Directors to disapply pre-emption rights. *	576,286,392	88.77	72,872,911	11.23	470,000
11.  To authorise the Company to make market purchases of Ordinary shares of the Company. *	646,114,303	99.46	3,515,000	0.54	0

*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 25 June 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 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 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 (Joint Broker)	[phone]
Peter Krens
Ed Haig-Thomas
Numis Securities (Joint Broker)	[phone]
John Prior
Emily Morris
Alamgir Ahmed
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 approximately 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 prospects and leads 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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