Savannah Energy Plc Termination of SPA (6022J)
13 Décembre 2022 - 7:00PM
UK Regulatory
TIDMSAVE
RNS Number : 6022J
Savannah Energy Plc
13 December 2022
13 December 2022
Savannah Energy PLC
("Savannah", the "Company" or the "Group")
Termination of SPA for PETRONAS' Chad and Cameroon portfolio
On 13 December 2021, Savannah announced that it had entered into
a Share Purchase Agreement ("SPA") with PETRONAS (E&P) Overseas
Ventures SDN. BHD. ("PETRONAS") to acquire PETRONAS' upstream and
midstream asset portfolio in Chad and Cameroon. Completion of the
proposed acquisition remained subject to satisfaction of certain
conditions precedent which have not yet been satisfied, and
Savannah and PETRONAS have, therefore, mutually agreed to terminate
the SPA with immediate effect.
For further information, please 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 +44 (0) 20 7886
Hugh Rich 2500
+44 (0) 20 3757
Camarco 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 ("MAR").
About Savannah Energy:
Savannah Energy PLC is an AIM quoted British independent energy
company focused around the delivery of Projects that Matter in
Africa, 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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December 13, 2022 13:00 ET (18:00 GMT)
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