SAVANNAH ENERGY PLC

Transaction in Own Shares • Jul 15, 2016

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RNS Number : 3511E

Savannah Petroleum PLC

15 July 2016

15 July 2016

Savannah Petroleum PLC

("Savannah" or the "Company")

Director Dealing

Savannah Petroleum announces that on 15 July 2016, Steve Jenkins, Non-Executive Chairman of the Company, and Mark Iannotti, Non-Executive Director of the Company, sold 198,200 and 821,400 ordinary shares ("Ordinary Shares") in the Company respectively (the "Transaction").  This Transaction was carried out to meet a portion of their ordinary course tax liabilities incurred following the vesting of their pre-IPO share awards.

As a result of the Transaction, Steve Jenkins and Mark Iannotti now have an interest in 301,800 and 2,793,887 Ordinary Shares, representing 0.14% and 1.31% of the Company's issued share capital, respectively.

For further information contact:
Savannah Petroleum	+44 (0) 20 3817 9844
Andrew Knott, CEO
Jessica Hostage, Corporate Communications
Strand Hanson (Nominated Adviser)	+44 (0) 20 7409 3494
Rory Murphy
James Spinney
Ritchie Balmer
Mirabaud (Broker)	+44 (0) 20 7878 3362
Peter Krens
Rory Scott
Celicourt Communications	+44 (0) 20 7520 9266
Mark Antelme
Jimmy Lea

This information is provided by RNS

The company news service from the London Stock Exchange

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