Business
Publication of Supplemental Admission Document
Publication of Supplemental Admission Document.
About this update from Savannah Energy Plc
[{"type":"text","content":"\n \n \n RNS Number : 5699L\n Savannah Energy Plc\n 30 April 2020\n \n \n \n 30 April 2020\n Savannah Energy PLC\n (\"Savannah\" or \"the Company\")\n \n \n Publication of Supplemental Admission Document\n \n \n In line with previous announcements, Savannah Energy PLC, the British independent energy company focused around activities in Nigeria and Niger, is pleased to announce the publication of a Supplemental Admission Document (the 'Document') relating to the Seven Energy Transaction (the 'Transaction'). Completion of the Transaction was announced on 15 November 2019. \n \n \n Selected extracts from Part 1 of the Document: Information Relating to the Company have been reproduced below. Shareholders are however encouraged to read the Document in full.\n \n \n \n \n \n In line with AIM Rule 14, following publication of the Company's AIM Admission Document relating to the Transaction in December 2017, Shareholder approval was sought and granted at the Company's General Meeting on 8 January 2018. No further shareholder votes in relation to the Transaction are therefore required.\n \n \n \n \n \n Strand Hanson Limited acted as Financial & Nominated Adviser to the Company on the Transaction. \n \n Mirabaud and Numis continue to act as joint brokers to the Company.\n \n The Document is available to download from the Company's website in accordance with AIM Rule 20: \n \n \n www.savannah-energy.com\n \n \n \n \n \n \n \n \n \n \n Andrew Knott, CEO of Savannah Energy, said:\n \n \n \"I am pleased to announce the publication of the Supplemental Admission Document relating to the value accretive Seven Energy Transaction. In this transaction, we were able to acquire a set of high quality, cash flow generative assets, which transformed Savannah into a full cycle E&P company, with a considerable footprint in West Africa. We have made significant strides with the assets to date and have a clear plan for growth laid out. We look forward to providing further updates to shareholders on our plans in Nigeria in due course.\"\n \n \n \n \n \n \n \n \n \n \n \n For further information contact:\n \n \n \n \n \n \n \n \n \n \n Savannah Energy \n \n \n +44 (0) 20 3817 9844\n \n \n \n \n \n \n \n Andrew Knott, CEO\n \n \n \n \n \n \n \n \n \n \n Isato...