EBT Share Sale Completion and Director Dealing

Summary by AI BETAClose X

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.

Disclaimer*

Savannah Energy Plc
07 August 2026
 

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

 

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