t
On 7 August 2026, Savannah Energy PLC announced that CEO Andrew Knott completed the off-market purchase of 128,550,000 Ordinary Shares at 6.8p per share from the Savannah Energy 2022 Trust. Following this transaction, a relationship agreement between the Company and Mr. Knott became effective, and his 38,347,622 outstanding share options were cancelled. Mr. Knott's resultant holding is 421,314,370 Ordinary Shares, representing 20.2% of the share capital, and the EBT now holds 77,151,993 Ordinary Shares.
| Date | 7 Aug 2026 |
| Time | 18:13:08 |
| Category | Director/PDMR dealings |
| ID | 8478P |
7 August 2026
Savannah Energy PLC
("Savannah" or "the Company")
EBT Share Sale Completion and Director Dealing
Further to its earlier announcement on 1 June 2026, the Company announces that Andrew Knott, the Company's Chief Executive Officer, has completed the purchase of 128,550,000 existing Ordinary Shares (the "Shares") from the Savannah Energy 2022 Trust, the Company's independently managed employee benefit trust (the "EBT").
Following completion of the purchase of the Shares, the relationship agreement (as detailed in the 1 June 2026 announcement) between the Company and Mr Knott has now become effective and all outstanding share options held by Mr Knott (totalling in aggregate options over 38,347,622 Ordinary Shares in the Company) have been cancelled.
The following table illustrates the effect of this transaction on Mr Knott's shareholding:
|
|
Existing Holding of Ordinary Shares |
Additional Ordinary Shares |
Resultant Holding of Ordinary Shares |
Resultant holding (% of the share capital) |
|
Total |
292,764,370 |
128,550,000 |
421,314,370 |
20.2% |
As at the date of this announcement, the EBT holds 77,151,993 Ordinary Shares. The FCA notification, made in accordance with the requirements of MAR, is appended below.
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 Limited (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
Tennyson Securities (Joint Broker) +44 (0) 20 4530 9239
Peter Krens
Camarco +44 (0) 20 3757 4983
Billy Clegg
Owen Roberts
Violet Wilson
About Savannah:
Savannah Energy PLC is a British independent energy company focused around the delivery of Projects that Matter in Africa.
Appendix 1
Director/PDMR Dealings
|
1 |
Details of the person discharging board responsibilities |
||
|
a) |
Name |
Andrew Knott |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
Chief Executive Officer |
|
|
b) |
Initial notification/Amendment |
Initial Notification |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
Savannah Energy PLC |
|
|
b) |
LEI |
2138002YCJORSFH5YR43 |
|
|
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of £0.001 each
GB00BP41S218 |
|
|
b) |
Nature of transaction |
Purchase of existing Ordinary Shares |
|
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
6.8p
|
128,550,000 |
|
d) |
Aggregated information - Aggregated volume - Price |
128,550,000 6.8p |
|
|
e) |
Date of the transaction |
7 August 2026
|
|
|
f) |
Place of the transaction |
Off market |
|