Business
First Day of Dealings on AIM
First Day of Dealings on AIM.
About this update from Savannah Energy Plc
[{"type":"text","content":"\n \nRNS Number : 9562N Savannah Petroleum PLC 01 August 2014 \n \n\n \n \n1 August, 2014\n \nSavannah Petroleum PLC\n(\"Savannah\" or \"The Company\")\n \nFirst Day of Dealings on AIM\n \nSavannah Petroleum, the Niger focused oil and gas company, is pleased to announce its admission to trading on AIM at 08:00 UK time today. Dealings in the company's ordinary shares will commence under the ticker AIM: SAVP.\nSummary\n· The Placing, comprising the issue of 52.3 million new Ordinary Shares, has raised c. £29.3 million (approximately US$50.0 million) for the Company at 56p per share (\"the Placing Price\"). \n· The number of ordinary shares in issue immediately after admission will be 131,337,172 giving the Company a Market Capitalisation of £73.5 million at the Placing Price\n· New monies will principally be used to allow the Company to undertake its planned exploration programme, which includes the acquisition of full tensor gravity and significant seismic surveys over the R1/R2 PSC Area\n· Mirabaud Securities LLP acted as Global Co-ordinator and Joint Bookrunner, Renaissance Capital Limited acted as Joint Bookrunner, FirstEnergy Capital LLP acted as Joint Lead Manager and Ladenburg Thalmann & Co. Inc. acted as U.S. Placing Agent to the Placing and Strand Hanson Limited acted as Financial and Nominated Adviser in connection with the Placing and Admission.\n· Savannah Petroleum's trading symbol is SAVP and the Company's ISIN code is GB00BP41S218\n \nThe Company's admission document can be found at http://www.savannah-petroleum.com/downloads/AIM_Admission_Document.pdf\n \nFor further information contact:\n \n\n\n\n\nSavannah Petroleum\nAndrew Knott\nSteve Jenkins\n\n\n+44 (0) 20 3102 6896\n\n\n\n\n \n\n\n\n\n\n\n\nStrand Hanson (Nominated Adviser)\nRory Murphy\nJames Spinney\nRitchie Balmer\n\n\n+44 (0) 20 7409 3494\n\n\n\n\n\n\n\n\n\n\n\n\nMirabaud Securities (Broker) \nPeter Krens\n\n\n+44 (0) 20 7878 3362\n\n\n\n\n\n\n\n\n\n\n\n\nBell Pottinger (PR)\nMark Antelme\nPhilip Dennis\n\n\n+44 (0) 20 7861 3800\n\n\n\n\n &nb...