28 June 2024
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. |
828,054,148 |
99.18 |
6,859,758 |
0.82 |
34,697,342 |
2. To re-appoint BDO LLP as auditor of the Company. |
834,538,945 |
99.96 |
357,450 |
0.04 |
34,714,853 |
3. To authorise the Audit Committee to determine the remuneration of the auditor. |
834,541,511 |
99.96 |
354,884 |
0.04 |
34,714,853 |
4. Re-election of Nicholas Beattie as Director. |
821,908,242 |
98.45 |
12,968,941 |
1.55 |
34,734,065 |
5. To authorise the Directors to allot Ordinary Shares. |
830,894,570 |
99.52 |
3,989,107 |
0.48 |
34,727,491 |
6. To authorise the Directors to disapply pre-emption rights.* |
684,553,837 |
81.99 |
150,342,478 |
18.01 |
34,714,853 |
7. To approve the purchase of the Company's own shares.* |
831,997,987 |
99.65 |
2,902,979 |
0.35 |
34,710,202 |
*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 26 June 2024 was 1,312,194,545 (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 refer to the Company's website www.savannah-energy.com or 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
Cavendish Capital Markets Ltd (Joint Broker) +44 (0) 20 7220 0500
Derrick Lee
Tim Redfern
Panmure Gordon (UK) Ltd (Joint Broker) +44 (0) 20 7886 2500
Hugh Rich
James Sinclair-Ford
Camarco +44 (0) 20 3757 4983
Billy Clegg
Owen Roberts
Violet Wilson
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR").
About Savannah Energy:
Savannah Energy PLC is a British independent energy company focused around the delivery of Projects that Matter in Africa.
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