TIDMSAVE
RNS Number : 0701X
Savannah Energy Plc
25 August 2020
25 August 2020
Savannah Energy PLC
("Savannah" or "the Company")
Director/PDMR Shareholding
Savannah Energy PLC, the British independent energy company
focused around activities in Nigeria and Niger, announces that it
was informed on 24 August 2020 of the following transactions by
persons discharging board and/or managerial responsibilities and
persons closely associated with them.
Andrew Knott, CEO and an Executive Director of Savannah,
acquired 9,239,454 ordinary shares of 0.1p each in the Company
("Ordinary Shares") at an average price of 7.50 pence per Ordinary
Share. Following this transaction, Mr Knott's total interest in the
Company is now 36,942,019 Ordinary Shares, representing
approximately 3.71% of the total voting rights of the Company.
Steve Jenkins, Chairman and a Non-Executive Director of
Savannah, acquired 126,000 Ordinary Shares at an average price of
7.95 pence per share. Following this transaction, Mr Jenkin's total
interest in the Company is now 463,800 Ordinary Shares,
representing approximately 0.05% of the total voting rights of the
Company.
Sir Stephen O'Brien, Vice Chairman and a Non-Executive Director
of Savannah, acquired 275,601 Ordinary Shares at an average price
of 7.98 pence per share. Following this transaction, Sir Stephen
O'Brien's total interest in the Company is now 275,601 Ordinary
Shares, representing approximately 0.03% of the total voting rights
of the Company.
Mark Iannotti, a Non-Executive Director of Savannah, acquired
500,884 Ordinary Shares at an average price of 8.00 pence per share
and his wife, Mrs Jules Iannotti, acquired an additional 100,213
Ordinary Shares at an average price of 8.00 pence per share.
Following this transaction, Mr and Mrs Iannotti's total interest in
the Company is now 3,667,984 Ordinary Shares, representing
approximately 0.37% of the total voting rights of the Company.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
1 Details of the person discharging board/managerial responsibilities/person closely associated
a) Name Andrew Knott
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer and Executive Director
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Savannah Energy PLC
-------------------------------------------------------- -------------------------------------------------------
b) LEI 2138002YCJORSFH5YR43
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Savannah Energy plc ordinary shares
instrument
Identification code
ISIN: GBOOBP41S218
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction The acquisition of 9,239,454 ordinary shares of 0.1p
each in the Company
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
7.50p 9,239,454
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume (single transaction)
- Price 9,239,454
7.50p
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 24 August 2020
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging board/managerial responsibilities/person closely associated
a) Name Steve Jenkins
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chairman and Non-Executive Director
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Savannah Energy PLC
-------------------------------------------------------- -------------------------------------------------------
b) LEI 2138002YCJORSFH5YR43
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Savannah Energy plc ordinary shares
instrument
Identification code
ISIN: GBOOBP41S218
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction The acquisition of 126,000 ordinary shares of 0.1p
each in the Company
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
7.95p 126,000
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume (single transaction)
- Price 126,000
7.95p
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 24 August 2020
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging board/managerial responsibilities/person closely associated
a) Name Sir Stephen O'Brien
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Vice Chairman and Non-Executive Director
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Savannah Energy PLC
-------------------------------------------------------- -------------------------------------------------------
b) LEI 2138002YCJORSFH5YR43
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Savannah Energy plc ordinary shares
instrument
Identification code
ISIN: GBOOBP41S218
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction The acquisition of 275,601 ordinary shares of 0.1p
each in the Company
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
7.98p 275,601
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume (single transaction)
- Price 275,601
7.98p
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 24 August 2020
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging board/managerial responsibilities/person closely associated
a) Name Mark Iannotti
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Savannah Energy PLC
-------------------------------------------------------- -------------------------------------------------------
b) LEI 2138002YCJORSFH5YR43
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Savannah Energy plc ordinary shares
instrument
Identification code
ISIN: GBOOBP41S218
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction The acquisition of 500,884 ordinary shares of 0.1p
each in the Company
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
8.00p 500,884
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume (single transaction)
- Price 500,884
8.00p
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 24 August 2020
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging board/managerial responsibilities/person closely associated
a) Name Mrs Jules Iannotti
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Wife of Mr Mark Iannotti, Non-Executive Director
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Savannah Energy PLC
-------------------------------------------------------- -------------------------------------------------------
b) LEI 2138002YCJORSFH5YR43
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Savannah Energy plc ordinary shares
instrument
Identification code
ISIN: GBOOBP41S218
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction The acquisition of 100,213 ordinary shares of 0.1p
each in the Company
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
8.00p 100,213
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume (single transaction)
- Price 100,213
8.00p
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 24 August 2020
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------------------------------- -------------------------------------------------------
For further information, please refer to the Company's website
www.savannah-energy.com or contact:
+44 (0) 20 3817
Savannah Energy 9844
Andrew Knott, CEO
Isatou Semega-Janneh, CFO
Sally Marshak, Communications
Consultant
Strand Hanson (Nominated +44 (0) 20 7409
Adviser) 3494
James Spinney
Ritchie Balmer
Rory Murphy
+44 (0) 20 7878
Mirabaud (Sole Broker) 3362
Peter Krens
Ed Haig-Thomas
+44 (0) 20 8434
Celicourt Communications 2754
Mark Antelme
Jimmy Lea
Ollie Mills
About Savannah Energy:
Savannah Energy PLC is an AIM listed energy company with
exploration and production assets in Nigeria and Niger. 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 to over 10% of
Nigeria's available power generation capacity. 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 .
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END
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