Savannah Energy Plc Director/PDMR Shareholding (2290X)
August 26 2020 - 7:22AM
UK Regulatory
TIDMSAVE
RNS Number : 2290X
Savannah Energy Plc
26 August 2020
26 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 26 August 2020 that David Clarkson, Non-Executive
Director, acquired 756,692 Ordinary Shares, in aggregate, at an
average price of 9.25 pence per share.
Following this transaction, Mr Clarkson's total interest in the
Company is now 1,113,692 Ordinary Shares, representing
approximately 0.11% 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 David Clarkson
-------------------------------------------------------- -------------------------------------------------------
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
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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 756,692 ordinary shares of 0.1p
each in the Company
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Tuesday 25 August 2020
Volume: 112,107 Shares
Avg price: 8.92p
Volume: 435,719 Shares
Avg price: 9.18p
Wednesday 26 August 2020
Volume: 208,866 Shares
Avg price: 9.58p
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 756,692 Shares
9.25p
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 25 and 26 August 2020
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange
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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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