30 June 2022
Savannah Energy PLC
("Savannah" or "the Company")
Annual General Meeting ("AGM") Results
The Company announces that at its Annual General Meeting held earlier today all the resolutions set out in the Notice of Annual General Meeting were passed by way of a poll by the requisite majority. The votes received in relation to the resolutions were as follows:
| Resolution | For | For | Against | Against | Votes Withheld |
| * indicates Special Resolution | (No. of shares) | (%) | (No. of shares) | (%) | (No. of shares) |
| 1. To receive the Annual Report and Accounts. | 885,722,257 | 99.98 | 183,271 | 0.02 | 34,345,113 |
| 2. To appoint BDO LLP as auditor of the Company. | 886,007,575 | 100.00 | 2,566 | 0.00 | 34,240,500 |
| 3. To authorise the Audit and Risk Committee to determine the remuneration of the auditor. | 886,010,141 | 100.00 | 0 | 0.00 | 34,240,500 |
| 4. To re-elect Andrew Knott as a Director of the Company. | 885,743,184 | 99.97 | 262,180 | 0.03 | 34,245,277 |
| 5. To re-elect Mark Iannotti as a Director of the Company. | 860,265,313 | 97.09 | 25,740,051 | 2.91 | 34,245,277 |
| 6. To re-elect Nick Beattie as a Director of the Company. | 885,743,184 | 99.97 | 262,180 | 0.03 | 34,245,277 |
| 7. To authorise the Directors to allot Ordinary Shares. | 885,170,073 | 99.93 | 656,797 | 0.07 | 34,423,771 |
| 8. To authorise the Directors to disapply pre-emption rights.* | 875,819,589 | 98.85 | 10,180,552 | 1.15 | 34,250,500 |
| 9. To approve the purchase of the Company's own shares.* | 885,466,870 | 99.94 | 543,271 | 0.06 | 34,240,500 |
| 10. To adopt new Articles of Association.* | 876,818,030 | 98.96 | 9,192,111 | 1.04 | 34,240,500 |
*Special Resolution
|
NOTES:
| |
| 1. | All resolutions were passed.
|
| 2. | Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
|
| 3. | A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.
|
| 4. | The number of shares in issue at 6:00 p.m. on 28 June 2022 was 1,306,098,819 (the "Share Capital") and, at that time, the Company did not hold any shares in treasury.
|
| 5. | The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.savannah-energy.com.
|
For further information, please contact:
|
| Savannah Energy | +44 (0) 20 3817 9844 | | |
| ||||||||||
|
| Andrew Knott, CEO | | | |
| ||||||||||
|
| Nick Beattie, CFO | | | |
| ||||||||||
|
| Sally Marshak, Head of IR & Communications | | | |
| ||||||||||
|
| | | | |
| ||||||||||
|
| Strand Hanson (Nominated Adviser) | +44 (0) 20 7409 3494 | | |
| ||||||||||
|
| James Spinney | | | |
| ||||||||||
|
| Ritchie Balmer | | | |
| ||||||||||
|
| Rob Patrick | | | |
| ||||||||||
|
| | | |
| |||||||||||
|
| finnCap Ltd (Joint Broker) Christopher Raggett Tim Redfern | +44 (0) 20 7220 0500 | | | |||||||||||
|
| | | | | |||||||||||
|
| Panmure Gordon (UK) Ltd (Joint Broker) John Prior Hugo Rich James Sinclair-Ford | +44 (0) 20 7886 2500 | | | |||||||||||
|
| | | | | |||||||||||
|
| Camarco | +44 (0) 20 3757 4983 | |||||||||||||
|
| Billy Clegg | | | | | ||||||||||
| | | | | | | | |
| |||||||
About Savannah Energy:
Savannah Energy PLC is an AIM quoted British independent energy company focused around the delivery of Projects that Matter in Africa and is active in Cameroon, Chad, Niger and Nigeria.
Further information on Savannah Energy PLC can be found on the Company's website: www.savannah-energy.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.