Equity Subscription Update
Final tranche of 138.9m subscription shares delayed until after AIM restoration.
- Final tranche of Subscription Shares 138,977,614
- Ordinary Shares in issue post-issuance 1,749,592,726
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Further to its announcement on 4 March 2025 regarding a fundraising, the Company advises that, due to the ongoing suspension of its Ordinary shares from trading on AIM, the Company has agreed that the final tranche of 138,977,614 Subscription Shares, which was due to be issued by close of business today, is now expected to be issued no later than 10 business days after the restoration to trading on AIM of the Company's existing Ordinary Shares. As announced on 27 August 2025, the Company expects to publish its FY 2024 audited annual accounts this month, following which restoration to trading on AIM is expected to occur thereafter.
Following the issuance and admission of these Subscription Shares to trading on AIM, the Company will have 1,749,592,726 Ordinary Shares in issue.
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
Tim Redfern
Panmure Liberum Limited (Joint Broker) +44 (0) 20 3100 2000
Scott Mathieson
James Sinclair-Ford
Camarco +44 (0) 20 3757 4983
Billy Clegg
Owen Roberts
Violet Wilson
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.