REG - Savannah Energy Plc abrdn PLC - Holding(s) in Company

Savannah EnergyAnnouncement

02/09/2022 16:45

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RNS Number : 1666Y  Savannah Energy Plc  02 September 2022

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BP41S218

Issuer Name

SAVANNAH ENERGY PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

Other

Comments

Intra-group business and assets transfer from Ignis Investment Services
Limited to abrdn Investment Management Limited

3. Details of person subject to the notification obligation

Name

Aggregate of abrdn plc affiliated investment management entities with
delegated voting rights on behalf of multiple managed portfolios

City of registered office (if applicable)

Edinburgh

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

31-Aug-2022

6. Date on which Issuer notified

02-Sep-2022

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  10.958020                                             0.000000                                                                   10.958020                       143,122,565
 Position of previous notification (if applicable)                          10.947593                                             0.000000                                                                   10.947593

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00BP41S218                                                                          143,122,565                                                                      10.958020
 Sub Total 8.A                                143,122,565                                                                           10.958020

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights

 Sub Total 8.B2

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person  Name of controlled undertaking        % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                                than the notifiable threshold
 abrdn plc
 abrdn plc                    abrdn Investments (Holdings) Limited
 abrdn plc                    abrdn Investment Management Limited   10.939066                                                                   0.000000                                                                    10.939066

 abrdn plc
 abrdn plc                    abrdn Investments (Holdings) Limited
 abrdn plc                    abrdn Capital Limited

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

In reference to Section 9, the shares detailed are managed by the named
discretionary investment management entity within multiple portfolios on
behalf of underlying clients, based on investment management agreements
whereby the client has delegated the exercise of the voting power to the
referenced investment manager.

This disclosure reflects the fact that the voting rights held indirectly by
the underlying investment management entity abrdn Investment Management
Limited ("aIML") increased above the 5% and 10% notifiable thresholds due to
an internal corporate restructure on 31 August 2022. aIML now holds the
delegated voting rights to 10.939066% of the shares in Savannah Energy PLC.

For the same reason, the voting rights effectively held indirectly by the
underlying intermediate holding company Ignis Asset Management Limited
("IAML") and held by the underlying investment management entity Ignis
Investment Services Limited ("IISL") decreased below the 5% notifiable
threshold on 31 August 2022. Prior to this crossing, IAML effectively held and
IISL held the delegated voting rights to 6.455565% of the shares in Savannah
Energy PLC.

12. Date of Completion

02-Sep-2022

13. Place Of Completion

Aberdeen, United Kingdom

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