Member Info for noix

Yes, thanks komakino.

I just re read it and saw the transfer details.

Less haste etc :)

The order book has been very strong today with any volume well into the 8p region.

If my maths is correct, with his latest purchase, I reckon AK now has 18.28% of the Company.

With NIPCO and Cavendish, that's over 58% .

Komakino

Isn't it so nice to feel wanted.

He simply cannot live without us, in all his guises :)

Yes, the positive receivables picture is changing the landscape quite quickly now.

You do realise that in this woke age that we sadly now live in, publishing false information can lead to prosecution.

Or more precisely 29.84%, just over 3 million shares short of 30%.

"Substantial Shareholder

The Company has been advised that its largest shareholder, NIPCO Plc ("NIPCO"), has yesterday purchased 59 million existing ordinary shares in the Company in the market. The Company announced on 30 December 2025 that NIPCO had acquired 148,314,064 existing ordinary shares pursuant to certain secondary market transactions, thereby increasing NIPCO's shareholding to approximately 26.5% of the Company's then issued share capital. As at today's date, whilst the majority of NIPCO's secondary market transactions have settled, certain of them, comprising approximately 48.15 million existing ordinary shares in aggregate, have yet to settle (the "Unsettled Purchases"). After taking account of yesterday's purchase, NIPCO is interested in 631,129,202 ordinary shares, and NIPCO's majority shareholder, Purebond Limited, is interested in 1,700,000 ordinary shares, in aggregate representing 29.84% of the Company's current issued share capital (including the shares in the Unsettled Purchases, which are anticipated to be delivered to NIPCO before the end of Q1 2026)."

He sold just under a fifth of his holding on 8th January and still owns over 5.36 million shares. It's old news and I'm sure we will get a release on the auditors in due course.

Mark Iannotti has been a director since 2014.

I see that NIPCO have reached their 26.41%.

Scotpak

As you are no doubt aware your post and link of 28/01/26 is more detailed in this matter:

"Under the Programme, she noted that verified receivables for electricity supplied between February 2015 and March 2025 are being settled through negotiated agreements with power generation companies.

To date, five power generation companies representing 14 power plants nationwide, First Independent Power Limited (FIPL), Geregu Power Plc, Ibom Power Company Limited, Mabon Limited, and Niger Delta Power Holding Company Limited (NDPHC), have executed Settlement Agreements with the Nigerian Bulk Electricity Trading Plc (NBET).

The total negotiated settlement amount for these companies stands at ₦827.16 billion, to be paid in four phased installments."

https://www.channelstv.com/2026/01/28/fg-begins-%e2%82%a64trn-power-sector-debt-settlement-as-%e2%82%a6501bn-bond-for-gencos-100-subscribed/

I'd have thought that any "haircut" negotiated by SAVE would have necessitated an rns.

As the bond was launched in December of last year, if there is an announcement to be made, then it's late.

I hope I'm not the catalyst :)

Is not your post of 19th January the other side of the same coin ?

ie SAVE is a long way from trading in line with the value of its assets.

That said there is obviously much trading going on behind the scenes at around 7p :

MudPump

Posted in: SAVE

Posts: 257

Break up?19 Jan 2026 17:45

With "AND" Knott appearing somewhat out of his depth, maybe it's time to contemplate a value enhancing break up of the conglomerate?

1. Obvious value to Nipco of the up/mid stream Nigeria assets - instead of not getting paid for the gas it could be fed into their downstream assets, and sold for a handsome price.

2. Sale of the Niger assets to Chinese interests, they control the Benin pipeline and might be in a position to open up a second route through Chad/Cameroon

3. Sale of arbitration claims to a fund that knows the business - Elliot, Aurelius, Burford, Parabellum

4. Sale of renewable portfolio to a focused fund - AREF, ARCH, Evolution II

Surely that would bring in significantly more than the current market cap?

As an add on to the map link for those not aware, the Calabar Power station is part of the Niger Delta Power Holding Company Ltd.

This map may help you:

https://www.savannah-energy.com/operations/hydrocarbons/nigeria/

Komakino,

I expressed my surprise that as settlement was 8th January they hadn't yet traded and I was told that's because they are still working on them.

Presumably that relates to your main paragraph.

I spoke to one of the issuing houses yesterday.

The 1st tranche of the Power Sector Liquidity Bond closed at 17.5% and was oversubscribed.

They were unable to say by how much.

The bonds will hopefully come to market by either the end of this week or early next week.

So it looks as if Perpetual have taken the remaining circa 5%.

SAVE can only advise market, once they themselves have been notified.

It's about 84 million short.

They are probably still scratching around for them :)

Komakino

The 30th December major shareholder's list has them at 560,129,203 or 26.41%.

Https://www.marketscreener.com/news/savannah-energy-to-acquire-norfund-s-stake-in-klinchenberg-bv-for-65-4m-ce7d58dfd189f22c

Scroll down on the rns link on here:

https://www.lse.co.uk/rns/SAVE/secondary-market-director-deals-closed-w1h5er5oxyb6vgo.html

Whatever the mid to long term intentions, if they are different to those published, we can only wait and see and make decisions accordingly.

On the surface, between them NIPCO and AK are taking care of the circa 143.5 million buy back shares, which preserves cash in the Company and in addition NIPCO want to acquire a further 1.5% or circa 32 million shares.

At face value the largest shareholder and the CEO like what they see.

Let's hope they want to share it with us.

Presumably other major shareholders have been kept in the loop.