30 Jun 2021 17:32
30 June 2021
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 receive the Annual Report and Accounts. | 631,541,186 | 99.14 | 5,481,575 | 0.86 | 6,952,500 |
2. To appoint BDO LLP as auditor of the Company. | 636,972,761 | 99.99 | 50,000 | 0.01 | 6,952,500 |
3. To authorise the Audit and Risk Committee to determine the remuneration of the auditor. | 636,972,761 | 99.99 | 50,000 | 0.01 | 6,952,500 |
4. To authorise the Directors to allot Ordinary shares. | 632,995,480 | 99.89 | 717,195 | 0.11 | 10,262,586 |
5. To authorise the Directors to disapply pre-emption rights. * | 630,263,905 | 99.10 | 5,743,005 | 0.90 | 7,968,351 |
6. To authorise the Company to make market purchases of Ordinary shares of the Company. * | 633,742,761 | 99.49 | 3,280,000 | 0.51 | 6,952,500 |
*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 28 June 2021 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 contact:
Savannah Energy | +44 (0) 20 3817 9844 | |||
Andrew Knott, CEO | ||||
Isatou Semega-Janneh, CFO | ||||
Sally Marshak, Communications Consultant | ||||
Strand Hanson (Nominated Adviser) | +44 (0) 20 7409 3494 | |||
James Spinney | ||||
Ritchie Balmer | ||||
Rory Murphy | ||||
finnCap Ltd (Joint Broker) Christopher Raggett Tim Redfern | +44 (0) 20 7220 0500 | |||
Panmure Gordon (UK) Ltd (Joint Broker) John Prior | +44 (0) 20 7886 2500 | |||
Hugh Rich | ||||
Camarco | +44 (0) 203 757 4980 | |||
Billy Clegg | ||||
Owen Roberts Violet Wilson | ||||
About Savannah Energy:
Savannah Energy PLC is an AIM market listed African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, with a focus on delivering material long term returns for stakeholders. 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 contributing to over 10% of Nigeria's daily national average thermal power generation. 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.
Savannah Energy (SAVE)