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Msg  256 of 259  at  4/17/2020 9:47:51 AM  by

tigris72poo


SAVE

 (RNS) Savannah Petroleum Change of name to Savannah Energy PLC
Friday, April 17, 2020 06:00:05 AM (GMT)

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:

Savannah Energy

+44 (0) 20 3817 9844

Andrew Knott, CEO

Isatou Semega-Janneh, CFO

Sally Marshak, Communications

Strand Hanson (Nominated Adviser)

+44 (0) 20 7409 3494

Rory Murphy

James Spinney

Ritchie Balmer

Mirabaud (Joint Broker)

+44 (0) 20 7878 3362

Peter Krens

Ed Haig-Thomas

Numis Securities (Joint Broker)

+44 (0) 20 7260 1000

John Prior

Emily Morris

Alamgir Ahmed

Jefferies International Limited (Joint Broker)

+44 (0) 20 7029 8000

Tony White

Will Soutar

Celicourt Communications

+44 (0) 20 8434 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
CANBQLLFBZLEBBV Categories: CAN
Primary Identifiers: SAVP-GB, GB00BP41S21
Related Identifiers: SAVP-GB, GB00BP41S21


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