TIDMSAVE

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                 (No. of      (%)     (No. of      (%)     (No. of shares) 
  Resolution                         shares)              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                      +44 (0) 20 3817 9844 
 Andrew Knott, CEO 
 Isatou Semega-Janneh, CFO 
 Sally Marshak, Communications 
  Consultant 
 
 Strand Hanson (Nominated Adviser)    +44 (0) 20 7409 3494 
 James Spinney 
 Ritchie Balmer 
 Rory Murphy 
 
 finnCap Ltd (Joint Broker) 
  Christopher Raggett 
  Tim Redfern                         +44 (0) 20 7220 0500 
 
 Panmure Gordon (UK) Ltd (Joint 
  Broker) 
  John Prior                          +44 (0) 20 7886 2500 
 Hugh Rich 
 
 Camarco                              +44 (0) 203 757 4980 
 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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June 30, 2021 12:33 ET (16:33 GMT)

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