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Market Cap: £142.02m
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Equity Subscription Update

4 Sep 2025 16:30

RNS Number : 0925Y
Savannah Energy Plc
04 September 2025
 

 

4 September 2025

Savannah Energy PLC

("Savannah" or "the Company")

 

Equity Subscription Update

Further to its announcement on 4 March 2025 regarding a fundraising, the Company advises that, due to the ongoing suspension of its Ordinary shares from trading on AIM, the Company has agreed that the final tranche of 138,977,614 Subscription Shares, which was due to be issued by close of business today, is now expected to be issued no later than 10 business days after the restoration to trading on AIM of the Company's existing Ordinary Shares. As announced on 27 August 2025, the Company expects to publish its FY 2024 audited annual accounts this month, following which restoration to trading on AIM is expected to occur thereafter.

Following the issuance and admission of these Subscription Shares to trading on AIM, the Company will have 1,749,592,726 Ordinary Shares in issue.

 

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

Nick Beattie, CFO

Sally Marshak, Head of IR & Communications

 

Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409 3494

James Spinney

Ritchie Balmer

Rob Patrick

 

Cavendish Capital Markets Ltd (Joint Broker) +44 (0) 20 7220 0500

Derrick Lee

Tim Redfern

 

Panmure Liberum Limited (Joint Broker) +44 (0) 20 3100 2000

Scott Mathieson

James Sinclair-Ford

 

Camarco +44 (0) 20 3757 4983

Billy Clegg

Owen Roberts

Violet Wilson

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

 

About Savannah:

Savannah Energy PLC is a British independent energy company focused around the delivery of Projects that Matter in Africa.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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