TIDMSAVE
RNS Number : 0641O
Savannah Energy Plc
07 June 2022
7 June 2022
Savannah Energy PLC
("Savannah" or "the Company")
Announcement of Group Chief Financial Officer and Intended Board
Changes
Savannah Energy PLC, the British independent energy company
focused around the delivery of Projects that Matter in Africa,
announces the appointment of a new Group Chief Financial Officer
and several Board changes that are anticipated to take effect over
the coming months.
Nick Beattie, current interim Group Chief Financial Officer
("CFO") of Savannah Energy, has been confirmed as the Group's
permanent CFO and has been appointed to the Board of Directors
effective 6 June 2022.
Steve Jenkins has agreed with the Company's Board that he will
step down from his role as Non-Executive Chairman at or prior to
the 2023 Annual General Meeting ("AGM") but will continue to serve
as a Non-Executive Director. The search for a Chair-Designate has
commenced and it is expected that an appointment will be made
during H2 2022. Savannah would like to take this opportunity to
thank Steve for his strong leadership of the Board from Savannah's
initial listing to the current day, and is grateful that his
experience will be retained in his continuing role as a
Non-Executive Director.
David Jamison will retire from the Board, effective 30 June
2022. Savannah would like to sincerely thank David for his
commitment and service to the Savannah over his eight years as a
Director and is delighted to advise that David has agreed to assume
the role of Honorary President of Savannah, where his considerable
experience will remain available to the Group.
Savannah is also pleased to announce that it intends to appoint
three new Non-Executive Directors to the Board following the
completion of the Group's proposed acquisitions of the ExxonMobil
upstream and midstream asset portfolios in Chad and Cameroon. Sarah
Clark, Dr Djamila Ferdjani and Sylvie Rucar have successful
backgrounds in a diverse range of industries and will significantly
strengthen the Board's experience and ability to maintain the
highest standards of governance.
The biographies of Nick Beattie and the proposed three new
Non-Executive Directors can be found below. Information required
pursuant to paragraph (g) of Schedule Two of the AIM Rules for
Companies on Nick Beattie is also set out below, while the same
information for the three new Non-Executive Directors will be set
out in a subsequent announcement that confirms their
appointment.
Nick Beattie, Group Chief Financial Officer
Nick joined the Group in April 2019 as Group Treasurer and was
appointed Interim Group CFO and Company Secretary in August 2021.
During his time at Savannah, Nick has been actively involved in all
finance and business development activities for the Group. Nick has
an extensive background in financing energy companies, including
seven years with BNP Paribas where he was a Managing Director in
the Upstream Oil and Gas team in London, responsible for leading
the bank relationships with UK-focused independent E&P
companies. Nick is a Fellow of the Chartered Banker Institute and a
Member of the Chartered Institute for Securities and
Investment.
Incoming Non-Executive Directors
Sarah Clark
Sarah was an elite level athlete for 18 years and is a former
British, European and Commonwealth champion in the sport of judo,
who competed at three Olympic Games for Great Britain. She is
currently CEO of Edinburgh Judo one of the UK's largest, most
successful and fastest growing judo clubs catering for 4-year-old
beginners all the way through to Olympic medalists. Sarah currently
serves as a Non-Executive Director of JudoScotland (the governing
body for judo in Scotland).
Sarah has worked extensively in mentor, role model and
leadership positions with organisations such as with the Dame Kelly
Holmes Trust, the Youth Sport Trust and the Winning Scotland
Foundation. In these roles her focus has been to deliver personal
and group development programmes to young people from disadvantaged
backgrounds and communities. She has also worked extensively with
individuals and companies delivering programmes around the positive
learnings businesses can take from the elite level sport world.
Dr Djamila Ferdjani
Djamila is a medical doctor, entrepreneur and social activist.
She founded the then largest private medical hospital in Niger, the
Pro-Santé Polyclinic, of which she was President and CEO. Djamila
formerly served as a technical consultant to the Islamic
Development Bank and as a Professor of Health Prevention and
Promotion at the African Development University.
She is a founding Board member of Afrikajom (the leading Pan
African human rights focused think tank) and is the founder and
President of MEDCOM (a Niger focused medical and educational NGO).
She is a former a member of the executive committee of the Orange
Niger Foundation. She regularly speaks at African focused Human
Rights events, including those organised by the World Bank, OXFAM,
Plan International, the G5 Sahel, OSIWA, NDI and TEDX. Djamila has
been named by the United Nations Population Fund as one of the 100
women leaders in Niger and by Facebook as one of 19 African
LeadHERs breaking boundaries in the fields of media, entertainment,
education and business.
Sylvie Rucar
Sylvie is a former CFO of PSA Group (the CAC 40 automotive
company now known as Stellantis), Deputy CFO of Societe Generale
(the CAC 40 bank) and senior advisor to leading global professional
services firm, Alix Partners. She is presently a Non-Executive
Director of Alstom (the CAC 40 railway and services equipment
company), CFAO (the EUR5.8bn revenue African-focused automotive and
pharma retail company) and Avril Gestion (the EUR6.2bn revenue
private vegetable oil and protein company). Sylvie also serves as
Treasurer of Les Amis De Bassiata et des Enfants du Niger (a Niger
focused education charity).
Sylvie is a seasoned professional in finance, with a large
expertise across multinational businesses both in an executive
management and a non-executive capacity as board member and audit
committee chairwoman.
Additional Information
The following additional information is provided in accordance
with paragraph (g) of Schedule Two of the AIM Rules for
Companies.
Nicholas ("Nick") Beattie (age 48)
Current Directorships/Partnerships Past Directorships/Partnerships
(last 5 years)
Savannah Energy UK Limited Star Phoenix Group UK Ltd
Savannah Energy Chad Limited Range Resources (Barbados) Limited
Savannah Energy International SOCA Petroleum Limited
Limited Range Resources Drilling Services
Savannah Energy 1 Limited Limited
Savannah Energy 2 Limited West Indies Exploration Company
Savannah Energy (Uquo) Jersey Limited
Limited Range Resources Trinidad Limited
Stubb Creek Holdco Limited Range Resources West Coast Limited
Savannah Energy (Stubb Creek) Range Resources (Barbados) GY
Limited Limited
Savannah Energy Nigeria Limited Range Resources GY Shallow Limited
Savannah Energy Nigeria Midstream Range Resources GY Deep Limited
Limited Range Resources HK Limited
Savannah Energy (Uquo) Limited
Exoro Holding BV
Accugas UK Limited
Savannah Energy (BVI) Limited
Accugas Holdings UK PLC
Accugas Funding 1 SPV PLC
Savannah Energy RC Limited
Savannah Energy Chad Procurement
Limited
Savannah Energy RN Limited
Savannah Energy E&P Limited
------------------------------------
Other than the information contained within this announcement,
there is no further information required to be disclosed pursuant
to paragraph (g) of Schedule Two of the AIM Rules for
Companies.
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
Nick Beattie, CFO
Sally Marshak, Head of IR &
Communications
+44 (0) 20 7409
Strand Hanson (Nominated Adviser) 3494
James Spinney
Ritchie Balmer
Rob Patrick
finnCap Ltd (Joint Broker)
Christopher Raggett +44 (0) 20 7220
Tim Redfern 0500
Panmure Gordon (UK) Ltd (Joint
Broker)
John Prior
Hugo Rich +44 (0) 20 7886
James Sinclair-Ford 2500
+44 (0) 20 3757
Camarco 4983
Billy Clegg
Owen Roberts
Violet Wilson
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.
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 .
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END
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