Last checked at 29 Jun 2020 15:25
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:
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1. | All resolutions were passed.
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2. | Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
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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.
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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.
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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.
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For further information, please refer to the Company's website www.savannah-energy.com or contact:
Savannah Energy | +44 (0) 20 3817 9844 |
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Andrew Knott, CEO |
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Isatou Semega-Janneh, CFO |
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Sally Marshak, Communications Consultant |
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Strand Hanson (Nominated Adviser) | +44 (0) 20 7409 3494 |
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James Spinney |
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Ritchie Balmer |
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Rory Murphy |
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Mirabaud (Joint Broker) | +44 (0) 20 7878 3362 |
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Peter Krens |
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Ed Haig-Thomas |
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Numis Securities (Joint Broker) | +44 (0) 20 7260 1000 |
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John Prior |
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Emily Morris |
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Alamgir Ahmed |
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Celicourt Communications | +44 (0) 20 8434 2754 |
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Mark Antelme |
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Jimmy Lea Ollie Mills |
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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.