Last checked at 25 Aug 2020 07:05
25 August 2020
Savannah Energy PLC
("Savannah" or "the Company")
Director/PDMR Shareholding
Savannah Energy PLC, the British independent energy company focused around activities in Nigeria and Niger, announces that it was informed on 24 August 2020 of the following transactions by persons discharging board and/or managerial responsibilities and persons closely associated with them.
Andrew Knott, CEO and an Executive Director of Savannah, acquired 9,239,454 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at an average price of 7.50 pence per Ordinary Share. Following this transaction, Mr Knott's total interest in the Company is now 36,942,019 Ordinary Shares, representing approximately 3.71% of the total voting rights of the Company.
Steve Jenkins, Chairman and a Non-Executive Director of Savannah, acquired 126,000 Ordinary Shares at an average price of 7.95 pence per share. Following this transaction, Mr Jenkin's total interest in the Company is now 463,800 Ordinary Shares, representing approximately 0.05% of the total voting rights of the Company.
Sir Stephen O'Brien, Vice Chairman and a Non-Executive Director of Savannah, acquired 275,601 Ordinary Shares at an average price of 7.98 pence per share. Following this transaction, Sir Stephen O'Brien's total interest in the Company is now 275,601 Ordinary Shares, representing approximately 0.03% of the total voting rights of the Company.
Mark Iannotti, a Non-Executive Director of Savannah, acquired 500,884 Ordinary Shares at an average price of 8.00 pence per share and his wife, Mrs Jules Iannotti, acquired an additional 100,213 Ordinary Shares at an average price of 8.00 pence per share. Following this transaction, Mr and Mrs Iannotti's total interest in the Company is now 3,667,984 Ordinary Shares, representing approximately 0.37% of the total voting rights of the Company.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1 | Details of the person discharging board/managerial responsibilities/person closely associated | |||||
a) | Name | Andrew Knott | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer and Executive Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Savannah Energy PLC | ||||
b) | LEI | 2138002YCJORSFH5YR43
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4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Savannah Energy plc ordinary shares ISIN: GBOOBP41S218
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b) | Nature of the transaction | The acquisition of 9,239,454 ordinary shares of 0.1p each in the Company | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
| (single transaction) 9,239,454 7.50p | ||||
e) | Date of the transaction | 24 August 2020 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging board/managerial responsibilities/person closely associated | |||||
a) | Name | Steve Jenkins | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chairman and Non-Executive Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Savannah Energy PLC | ||||
b) | LEI | 2138002YCJORSFH5YR43
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4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Savannah Energy plc ordinary shares ISIN: GBOOBP41S218 | ||||
b) | Nature of the transaction | The acquisition of 126,000 ordinary shares of 0.1p each in the Company | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
| (single transaction) 126,000 7.95p | ||||
e) | Date of the transaction | 24 August 2020 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging board/managerial responsibilities/person closely associated | |||||
a) | Name | Sir Stephen O'Brien | ||||
2 | Reason for the notification | |||||
a) | Position/status | Vice Chairman and Non-Executive Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Savannah Energy PLC | ||||
b) | LEI | 2138002YCJORSFH5YR43
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4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Savannah Energy plc ordinary shares ISIN: GBOOBP41S218 | ||||
b) | Nature of the transaction | The acquisition of 275,601 ordinary shares of 0.1p each in the Company | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
| (single transaction) 275,601 7.98p | ||||
e) | Date of the transaction | 24 August 2020 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging board/managerial responsibilities/person closely associated | |||||
a) | Name | Mark Iannotti | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Savannah Energy PLC | ||||
b) | LEI | 2138002YCJORSFH5YR43
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4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Savannah Energy plc ordinary shares ISIN: GBOOBP41S218 | ||||
b) | Nature of the transaction | The acquisition of 500,884 ordinary shares of 0.1p each in the Company | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
| (single transaction) 500,884 8.00p | ||||
e) | Date of the transaction | 24 August 2020 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging board/managerial responsibilities/person closely associated | |||||
a) | Name | Mrs Jules Iannotti | ||||
2 | Reason for the notification | |||||
a) | Position/status | Wife of Mr Mark Iannotti, Non-Executive Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Savannah Energy PLC | ||||
b) | LEI | 2138002YCJORSFH5YR43
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4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Savannah Energy plc ordinary shares ISIN: GBOOBP41S218 | ||||
b) | Nature of the transaction | The acquisition of 100,213 ordinary shares of 0.1p each in the Company | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
| (single transaction) 100,213 8.00p | ||||
e) | Date of the transaction | 24 August 2020 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
For further information, please refer to the Company's website www.savannah-energy.com or contact:
Savannah Energy | +44 (0) 20 3817 9844 | |
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 (Sole Broker) | +44 (0) 20 7878 3362 |
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Peter Krens |
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Ed Haig-Thomas |
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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 over 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 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.