Business
Statement Regarding Suspension
Statement Regarding Suspension.
About this update from Savannah Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3688L Savannah Petroleum PLC 11 January 2016 \n\n \n \n \n \n \n11 January 2016\n \nSavannah Petroleum PLC\n(\"Savannah\" or the \"Company\")\n \nStatement Regarding Suspension\n \nAt the request of the Company, Savannah's ordinary shares have been suspended from trading on AIM with effect from 7.30 a.m. this morning.\n \nThe Company has entered into non-binding heads of terms regarding a potential transaction which, if completed on the currently proposed terms, would be classified as a reverse takeover under the AIM Rules for Companies.\n \nThe Company's ordinary shares will remain suspended from trading on AIM until such time as either an admission document setting out details of the proposed transaction is published, which would be no earlier than April 2016, or confirmation is given that the transaction is not proceeding.\n \nFurther announcements will be made in due course.\n \nFor further information:\n \nSavannah Petroleum \nAndrew Knott, CEO +44 (0) 20 3817 9844\nJessica Hostage, Corporate Communications \n\nCelicourt Communications (Financial PR)\nMark Antelme +44 (0) 20 7520 9266\nJimmy Lea\n \nMirabaud (Broker)\nPeter Krens ...