Savannah Petroleum PLC Change of name to Savannah Energy PLC (9574J)
April 17 2020 - 2:00AM
UK Regulatory
TIDMSAVP
RNS Number : 9574J
Savannah Petroleum PLC
17 April 2020
17 April 2020
Savannah Petroleum PLC
("Savannah" or "the Company")
Change of name to Savannah Energy PLC
Savannah Petroleum PLC, the British independent energy company
focused around activities in Nigeria and Niger, announces that it
is changing its name to Savannah Energy PLC.
The change of name reflects the Company's increasingly
diversified asset portfolio. Savannah is now a leading energy
producer in Nigeria and, via its controlling interest in the
Accugas midstream business, the Company currently provides gas to
power stations accounting for over 10% of Nigeria's power
generation capacity and operates one of the largest privately-owned
gas transportation and distribution systems in sub-Saharan Africa.
In Niger, Savannah is focused on developing its flagship assets in
the prolific Agadem Rift Basin, with plans to deliver first oil in
the near term.
Trading in the Company's shares on AIM will commence under the
new name Savannah Energy PLC and the Company's ticker will change
to 'SAVE' with effect from 8am Monday 20 April 2020. The Company's
ISIN and SEDOL will remain unchanged.
The website address, at which the information required pursuant
to AIM Rule 26 is available, will be
https://www.savannah-energy.com once the name change has taken
effect.
Shareholders should note that shareholdings will be unaffected
by the change of name.
Andrew Knott, CEO of Savannah Energy, said:
"The name change to Savannah Energy is reflective of the asset
portfolio and business model development that we have seen over the
course of recent years. Savannah is now a major supplier of gas for
domestic power projects in Nigeria and we expect to be able to
strongly grow this business over the course of the coming years in
a similar manner to our plans for our business in Niger."
For further information contact:
+44 (0) 20 3817
Savannah Energy 9844
Andrew Knott, CEO
Isatou Semega-Janneh, CFO
Sally Marshak, Communications
+44 (0) 20 7409
Strand Hanson (Nominated Adviser) 3494
Rory Murphy
James Spinney
Ritchie Balmer
+44 (0) 20 7878
Mirabaud (Joint Broker) 3362
Peter Krens
Ed Haig-Thomas
+44 (0) 20 7260
Numis Securities (Joint Broker) 1000
John Prior
Emily Morris
Alamgir Ahmed
Jefferies International Limited +44 (0) 20 7029
(Joint Broker) 8000
Tony White
Will Soutar
+44 (0) 20 8434
Celicourt Communications 2754
Mark Antelme
Jimmy Lea
Ollie Mills
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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