Result of AGM

Savannah Energy Plc

28 June 2024

 

28 June 2024

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.	828,054,148	99.18	6,859,758	0.82	34,697,342
2.   To re-appoint BDO LLP as auditor of the Company.	834,538,945	99.96	357,450	0.04	34,714,853
3.   To authorise the Audit Committee to determine the remuneration of the auditor.	834,541,511	99.96	354,884	0.04	34,714,853
4.   Re-election of Nicholas Beattie as Director.	821,908,242	98.45	12,968,941	1.55	34,734,065
5.   To authorise the Directors to allot Ordinary Shares.	830,894,570	99.52	3,989,107	0.48	34,727,491
6.   To authorise the Directors to disapply pre-emption rights.*	684,553,837	81.99	150,342,478	18.01	34,714,853
7.   To approve the purchase of the Company's own shares.*	831,997,987	99.65	2,902,979	0.35	34,710,202

*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 26 June 2024 was 1,312,194,545 (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

Nick Beattie, CFO

Sally Marshak, Head of IR & Communications

Strand Hanson (Nominated Adviser)                         [phone]

James Spinney

Ritchie Balmer

Rob Patrick

Cavendish Capital Markets Ltd (Joint Broker)                      [phone]

Derrick Lee

Tim Redfern

Panmure Gordon (UK) Ltd (Joint Broker)                             [phone]

Hugh Rich

James Sinclair-Ford

Camarco                                                                                  [phone]

Billy Clegg

Owen Roberts

Violet Wilson

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR").

About Savannah Energy:  

Savannah Energy PLC is a British independent energy company focused around the delivery of Projects that Matter in Africa.

 

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