Secondary Market & Director Deals Closed
Savannah Energy PLC has completed secondary market transactions, resulting in NIPCO acquiring an additional 148,314,064 Ordinary Shares, increasing its stake to approximately 26.5%, and CEO Andrew Knott purchasing 25,481,655 Ordinary Shares, bringing his interest to about 13.8%. These trades facilitated the termination of an off-market share buyback agreement for 143,565,582 shares.
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Following its earlier announcement on 30 December 2025, Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, announces the completion of a series of secondary market transactions in the Ordinary Shares of the Company and the associated termination of the off-market share buyback agreement previously announced on 22 October 2025 (the "Buyback Agreement").
Highlights
- NIPCO has acquired, in aggregate, a further 148,314,064 Ordinary Shares through a series of secondary market trades thereby increasing NIPCO's shareholding to approximately 26.5% of the Company's current issued share capital;
- The Company's CEO, Andrew Knott, has acquired 25,481,655 existing Ordinary Shares through a secondary market trade. Post this transaction, Mr Knott is interested in approximately 13.8% in the Company's current issued share capital; and
- The parties to the Buyback Agreement relating to 143,565,582 existing Ordinary Shares held by certain shareholders (the "Buyback Shares") have agreed to its termination in order to facilitate the abovementioned secondary market trades involving all of the Buyback Shares.
Please refer to the Company's announcement of earlier today for further information on the mechanics of the above secondary purchases.
The following table illustrates the effect of these transactions on Mr Knott's shareholding:
| Existing Holding of Ordinary Shares | Additional Ordinary Shares (acquired through the purchase of part of the Buyback Shares) | Resultant Holding of Ordinary Shares | Resultant holding as a % of the current share capital | |
|---|---|---|---|---|
| Total | 267,282,715 | 25,481,655 | 292,764,370 | 13.8% |
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
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
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 | |
| a) | Name | Savannah Energy PLC | |
| b) | LEI | 2138002YCJORSFH5YR43 | |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.001 each GBOOBP41S218 | |
| b) | Nature of transaction | Purchase of existing Ordinary Shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 8p | 25,481,655 | ||
| d) | Aggregated information - Aggregated volume - Price | 25,481,655 8p | |
| e) | Date of the transaction | 30 December 2025 | |
| f) | Place of the transaction | London Stock Exchange, AIM |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.