EBT Share Sale Completion and Director Dealing
Savannah Energy Plc announced that CEO Andrew Knott has purchased 128,550,000 ordinary shares from the company's employee benefit trust for 6.8 pence per share, increasing his total holding to 421,314,370 shares, representing 20.2% of the issued share capital. Following this transaction, the relationship agreement between the company and Mr. Knott is now effective, and all his outstanding share options totalling 38,347,622 have been cancelled. The employee benefit trust now holds 77,151,993 ordinary shares.
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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
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 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 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.