REG - Savannah Energy Plc - Appointment of CFO and and Intended Board Changes

Savannah EnergyAnnouncement

07/06/2022 18:15

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RNS Number : 0641O  Savannah Energy Plc  07 June 2022

 

7 June 2022

Savannah Energy PLC

("Savannah" or "the Company")

 

Announcement of Group Chief Financial Officer and Intended Board Changes

 

Savannah Energy PLC, the British independent energy company focused around the
delivery of Projects that Matter in Africa, announces the appointment of a
new Group Chief Financial Officer and several Board changes that are
anticipated to take effect over the coming months.

Nick Beattie, current interim Group Chief Financial Officer ("CFO") of
Savannah Energy, has been confirmed as the Group's permanent CFO and has been
appointed to the Board of Directors effective 6 June 2022.

Steve Jenkins has agreed with the Company's Board that he will step down from
his role as Non-Executive Chairman at or prior to the 2023 Annual General
Meeting ("AGM") but will continue to serve as a Non-Executive Director. The
search for a Chair-Designate has commenced and it is expected that an
appointment will be made during H2 2022.  Savannah would like to take this
opportunity to thank Steve for his strong leadership of the Board from
Savannah's initial listing to the current day, and is grateful that his
experience will be retained in his continuing role as a Non-Executive
Director.

David Jamison will retire from the Board, effective 30 June 2022. Savannah
would like to sincerely thank David for his commitment and service to the
Savannah over his eight years as a Director and is delighted to advise that
David has agreed to assume the role of Honorary President of Savannah, where
his considerable experience will remain available to the Group.

Savannah is also pleased to announce that it intends to appoint three new
Non-Executive Directors to the Board following the completion of the Group's
proposed acquisitions of the ExxonMobil upstream and midstream asset
portfolios in Chad and Cameroon.  Sarah Clark, Dr Djamila Ferdjani and Sylvie
Rucar have successful backgrounds in a diverse range of industries and will
significantly strengthen the Board's experience and ability to maintain the
highest standards of governance.

The biographies of Nick Beattie and the proposed three new Non-Executive
Directors can be found below. Information required pursuant to paragraph (g)
of Schedule Two of the AIM Rules for Companies on Nick Beattie is also set out
below, while the same information for the three new Non-Executive Directors
will be set out in a subsequent announcement that confirms their appointment.

Nick Beattie, Group Chief Financial Officer

Nick joined the Group in April 2019 as Group Treasurer and was appointed
Interim Group CFO and Company Secretary in August 2021. During his time at
Savannah, Nick has been actively involved in all finance and business
development activities for the Group. Nick has an extensive background in
financing energy companies, including seven years with BNP Paribas where he
was a Managing Director in the Upstream Oil and Gas team in London,
responsible for leading the bank relationships with UK-focused independent
E&P companies. Nick is a Fellow of the Chartered Banker Institute and a
Member of the Chartered Institute for Securities and Investment.

Incoming Non-Executive Directors

Sarah Clark

Sarah was an elite level athlete for 18 years and is a former British,
European and Commonwealth champion in the sport of judo, who competed at three
Olympic Games for Great Britain. She is currently CEO of Edinburgh Judo one of
the UK's largest, most successful and fastest growing judo clubs catering for
4-year-old beginners all the way through to Olympic medalists. Sarah currently
serves as a Non-Executive Director of JudoScotland (the governing body for
judo in Scotland).

Sarah has worked extensively in mentor, role model and leadership positions
with organisations such as with the Dame Kelly Holmes Trust, the Youth Sport
Trust and the Winning Scotland Foundation. In these roles her focus has been
to deliver personal and group development programmes to young people from
disadvantaged backgrounds and communities. She has also worked extensively
with individuals and companies delivering programmes around the positive
learnings businesses can take from the elite level sport world.

Dr Djamila Ferdjani

Djamila is a medical doctor, entrepreneur and social activist. She founded the
then largest private medical hospital in Niger, the Pro-Santé Polyclinic, of
which she was President and CEO. Djamila formerly served as a technical
consultant to the Islamic Development Bank and as a Professor of Health
Prevention and Promotion at the African Development University.

She is a founding Board member of Afrikajom (the leading Pan African human
rights focused think tank) and is the founder and President of MEDCOM (a Niger
focused medical and educational NGO). She is a former a member of the
executive committee of the Orange Niger Foundation. She regularly speaks at
African focused Human Rights events, including those organised by the World
Bank, OXFAM, Plan International, the G5 Sahel, OSIWA, NDI and TEDX. Djamila
has been named by the United Nations Population Fund as one of the 100 women
leaders in Niger and by Facebook as one of 19 African LeadHERs breaking
boundaries in the fields of media, entertainment, education and business.

Sylvie Rucar

Sylvie is a former CFO of PSA Group (the CAC 40 automotive company now known
as Stellantis), Deputy CFO of Societe Generale (the CAC 40 bank) and senior
advisor to leading global professional services firm, Alix Partners. She is
presently a Non-Executive Director of Alstom (the CAC 40 railway and services
equipment company), CFAO (the €5.8bn revenue African-focused automotive and
pharma retail company) and Avril Gestion (the €6.2bn revenue private
vegetable oil and protein company). Sylvie also serves as Treasurer of Les
Amis De Bassiata et des Enfants du Niger (a Niger focused education charity).

Sylvie is a seasoned professional in finance, with a large expertise across
multinational businesses both in an executive management and a non-executive
capacity as board member and audit committee chairwoman.

 

Additional Information

 

The following additional information is provided in accordance with paragraph
(g) of Schedule Two of the AIM Rules for Companies.

 

Nicholas ("Nick") Beattie (age 48)

 

 Current Directorships/Partnerships          Past Directorships/Partnerships

                                             (last 5 years)
 Savannah Energy UK Limited                  Star Phoenix Group UK Ltd

 Savannah Energy Chad Limited                Range Resources (Barbados) Limited

 Savannah Energy International Limited       SOCA Petroleum Limited

 Savannah Energy 1 Limited                   Range Resources Drilling Services Limited

 Savannah Energy 2 Limited                   West Indies Exploration Company Limited

 Savannah Energy (Uquo) Jersey Limited       Range Resources Trinidad Limited

 Stubb Creek Holdco Limited                  Range Resources West Coast Limited

 Savannah Energy (Stubb Creek) Limited       Range Resources (Barbados) GY Limited

 Savannah Energy Nigeria Limited             Range Resources GY Shallow Limited

 Savannah Energy Nigeria Midstream Limited   Range Resources GY Deep Limited

 Savannah Energy (Uquo) Limited              Range Resources HK Limited

 Exoro Holding BV

 Accugas UK Limited

 Savannah Energy (BVI) Limited

 Accugas Holdings UK PLC

 Accugas Funding 1 SPV PLC

 Savannah Energy RC Limited

 Savannah Energy Chad Procurement Limited

 Savannah Energy RN Limited

 Savannah Energy E&P Limited

 

Other than the information contained within this announcement, there is no
further information required to be disclosed pursuant to paragraph (g) of
Schedule Two of the AIM Rules for Companies.

 

For further information, please refer to the Company's website
www.savannah-energy.com (http://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 (Nominated Adviser)                                                 +44 (0) 20 7409 3494
 James Spinney
 Ritchie Balmer
 Rob Patrick

 finnCap Ltd (Joint                                                                +44 (0) 20 7220 0500
 Broker)

 Christopher Raggett

 Tim Redfern

 Panmure Gordon (UK) Ltd (Joint                                                    +44 (0) 20 7886 2500
 Broker)

 John Prior

 Hugo Rich

 James Sinclair-Ford

 Camarco                                                                           +44 (0) 20 3757 4983
 Billy Clegg

 Owen Roberts

 Violet Wilson

 

The information contained within this announcement is considered to be inside
information prior to its release, as defined in Article 7 of the Market Abuse
Regulation No. 596/2014, and is disclosed in accordance with the Company's
obligations under Article 17 of those Regulations.

 

About Savannah Energy:

 

Savannah Energy PLC is an AIM quoted British independent energy company
focused around the delivery of Projects that Matter in Africa and is active in
Cameroon, Chad, Niger and Nigeria.

 

Further information on Savannah Energy PLC can be found on the Company's
website: www.savannah-energy.com (http://www.savannah-energy.com) .

 

 

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