Re-admission of existing share capital of Savannah Energy to AIM

BDO.LiveSite.Deals.DealTypeTransaction Services
BDO.LiveSite.Deals.ClientNameSavannah Energy plc

BDO acted as reporting accountant in respect of the Supplemental Admission Document published in April 2020 for the re-admission of the existing share capital of Savannah Energy to AIM following completion of the Seven Energy transaction.  At the time of publication, Savannah Energy had a market capitalisation of $99.6 million.

In November 2019, Savannah Energy announced the completion of the acquisition of certain companies from Seven Energy Group.  Following the acquisition, Savannah has a significant interest in a large-scale integrated gas production and distribution business capable of supplying c10% of Nigeria's power generation capacity.  Savannah also holds two significant licences in Niger's main petroleum basin.