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Pin to quick picksSavannah Energy Share News (SAVE)

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EARNINGS AND TRADING: Savannah waiting for government approval of deal

Fri, 05th Apr 2024 19:27

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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Puma VCT 13 PLC - venture capital trust - Further to an offer for subscription to raise up to GBP50.0 million, together with an over-allotment facility for up to a further GBP20.0 million, Puma has made a further allotment of 4.9 million shares. The shares were offered in the range of GBP1.26 to GBP1.30 per share. Following this allotment, the total number of shares in issue is 120.3 million.

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Savannah Energy PLC - energy company with projects in Niger and Nigeria - Says completion of proposed acquisition of Petronas International Corporation Ltd's energy business in South Sudan, through the acquisition of Petronas Carigali Nile Ltd, remains subject to satisfying certain conditions. Namely, Savannah is waiting to receive written approval for the transaction from the Government of South Sudan. Following receipt of this, Savannah would then progress to finalise an AIM Admission Document to facilitate restoring its shares to trading on AIM.

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Maven Income & Growth VCT 4 PLC - venture capital trust investing in smaller companies with growth potential - For the year ended December 31, posts net asset value total return per share of 152.81 pence, down from 155.90p a year prior. NAV per share was 61.71p from 68.30p. Declares a final dividend of 1.75p per share.

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CRH PLC - Dublin-based building materials - Director Siobhan Talbot buys 2,000 shares at USD84.51 each in New York on Wednesday for a total of USD169,020.

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Supply@Me Capital PLC - fintech platform - Says that it has, along with a working group and external legal teams, been finalising a review of commercial contracts initially announced in February. Further meetings are planned for the rest of April, with the list of eligible remarketers identified by Banco BPM Spa to finalise a remarketing commitment with a producer of Italian cheeses, and a signed term sheet with the same remarketer. Further, SYME says it continues to make "solid progress" in structuring a security token framework with the CH Trading Hub, which will allow a first security token issuance up to USD100 million to be subscribed in tranche.

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By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
20 Dec 2022 09:31

Savannah Energy lifts full-year revenue guidance

(Sharecast News) - Africa-focussed Savannah Energy updated the market on its year-to-date financials and operations on Tuesday, reporting that total revenue was ahead 27% year-on-year for the 11 months ended 30 November, at $256.7m.

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13 Dec 2022 20:38

TRADING UPDATES: Savannah Energy ends deal; Plaza signs addendum

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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13 Dec 2022 16:50

TRADING UPDATES: Longboat Energy extends loan for drilling programme

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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13 Dec 2022 11:01

CORRECT (Dec 09): Savannah Energy completes Exxon Mobil acquisition

(Correcting that the Exxon Mobil portfolio acquisition was completed by Savannah Energy PLC.)

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12 Dec 2022 12:23

Savannah Energy to buy Petronas's South Sudan unit for USD1.25 billion

(Alliance News) - Savannah Energy PLC on Monday said it entered into a share purchase agreement with Petronas International Corp Ltd to buy the company's oil and gas business in South Sudan for USD1.25 billion.

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12 Dec 2022 09:35

Savannah to spend $1.25bn on Petronas assets in South Sudan

(Sharecast News) - Africa-focussed Savannah Energy has entered into a share purchase agreement with Petronas International, it announced on Monday, to acquire Petronas' entire oil and gas business in South Sudan through the acquisition of Petronas Carigali Nile (PCNL) for up to $1.25bn in cash.

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7 Dec 2022 21:25

TRADING UPDATES: Ryanair extends CEO contract; Sovereign eye demerger

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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4 Oct 2022 14:31

IN BRIEF: Savannah Energy swings to interim loss as revenue drops

Savannah Energy PLC - Africa-focused energy company - Last Friday reported swing to half-year loss. In the six months ended June 30, swings to interim pretax loss of USD11.3 million from a profit of USD7.7 million a year prior. Revenue falls 14% to USD85.8 million from USD99.4 million. Administrative expenses widen 23% to USD11.7 million from USD9.5 million.

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16 Aug 2022 14:38

Savannah Energy subsidiary enters gas sales agreement

(Sharecast News) - Africa-focussed Savannah Energy announced on Tuesday that its 80% indirectly-owned subsidiary Accugas has entered into a new gas sales agreement with Notore Chemical Industries.

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16 Aug 2022 14:10

IN BRIEF: Savannah Energy subsidiary Accugas signs gas sales agreement

Savannah Energy PLC - Africa-focused energy company - 80% indirectly owned subsidiary Accugas Ltd enters new gas sales agreement with Notore Chemical Industries PLC. Accugas will supply Notore with up to 10 million standard cubic feet of gas per day to augment its current supplies. Adds that no further capital expenditure is required by Accugas to deliver gas to Notore. "The contracted supply is on an interruptible and reasonable endeavours basis, based on gas availability and nominations, for an initial term of one year, with the option to extend for a mutually agreed period," Savannah explains.

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28 Jun 2022 10:05

Savannah Energy makes first gas sales to TransAfam's Nigerian power plants

(Sharecast News) - Independent energy company Savannah Energy's Accugas subsidiary has made its first gas sales to TransAfam Power in relation to the provision of gas for use at its power plants in Nigeria.

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28 Jun 2022 09:55

Savannah Energy subsidiary commences further gas sales in Nigeria

(Alliance News) - Savannah Energy PLC on Tuesday said its 80%-owned subsidiary, Accugas Ltd, has commenced gas sales to TransAfam Power Ltd in Nigeria.

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27 Jun 2022 14:15

IN BRIEF: Savannah Energy subsidiary Accugas starts first gas sales

Savannah Energy PLC - Africa-focused energy company - Says its 80% indirectly owned subsidiary Accugas Ltd has started first gas sales to Central Horizon Gas company Ltd. Savannah says CHGC operates a 17-kilometre gas pipeline infrastructure network with a throughput capacity of 50 million standard cubic feet per day. It provides natural gas to industrial and commercial customers in the Trans Amadi Industrial Area of Port Harcourt and the Greater Port Harcourt Area in Nigeria.

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22 Jun 2022 19:39

TRADING UPDATES: Vertu margins remain strong; Donegal behind

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
22 Jun 2022 09:23

Savannah starts gas sales to Trans Amadi plant in Nigeria

(Sharecast News) - Savannah Energy announced on Wednesday that its 80%-owned subsidiary Accugas has started gas sales to First Independent Power Limited's (FIPL) Trans Amadi power plant in Port-Harcourt, Nigeria.

Read more

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