Last checked at 21 Sep 2020 16:03
21 September 2020
Savannah Energy PLC
("Savannah" or "the Company")
General Meeting Results
The Company announces that at its General Meeting held earlier today all of the resolutions set out in the Notice of General Meeting were passed on a poll by the requisite majority. The proxy votes received in relation to the resolutions were as follows:
Resolution | For | For | Against | Against | Votes Withheld |
(No. of shares) | (%) | (No. of shares) | (%) | (No. of shares) | |
1. To receive the Annual Report and Accounts | 567,979,802 | 100.00 | 0 | 0.00 | 57,395,480 |
2. To re-appoint Grant Thornton UK LLP as auditor of the Company | 565,009,414 | 99.99 | 55,000 | 0.01 | 60,310,868 |
3. To authorise the Audit and Risk Committee to determine the remuneration of the auditor | 568,034,414 | 100.00 | 0 | 0.00 | 57,340,868 |
NOTES:
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2. | All resolutions were passed.
Proxy appointments which gave discretion to the Chairman of the General Meeting have been included in the "For" total for the appropriate resolution.
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| 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.
The number of shares in issue at 6:00 p.m. on 17 September 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 General Meeting can be found in the Notice of General Meeting which is available on the Company's website at https://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 (Corporate 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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The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
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.