NIPCO Plc’s ownership stake in Savannah Energy Plc has increased above the key 30 per cent threshold. This follows the completion of Savannah’s on-market share buyback programme, despite NIPCO making no additional share purchases. In a statement on Thursday, Savannah Energy announced that it had repurchased 32.1 million ordinary shares at 6.8 pence per share, …
Savannah Energy has confirmed the completion of a deal that allows NIPCO to raise its ownership stake in the company to 26.5 per cent. This follows the conclusion of regulatory consultations and the entry into a relationship agreement between the two firms. The British independent energy firm disclosed this in a statement issued on Tuesday, …
NIPCO Plc has proposed a new deal to raise its stake in Savannah Energy Plc to about 26.5 per cent. The deal intends to terminate the off-market share buyback agreement announced earlier on October 22 this year and approved by shareholders on November 28. Savannah Energy announced on Tuesday, December 30, its plans to enter …
Savannah Energy PLC, a British energy company, has announced the appointments of two Nigerians, Uyi Akpata and Kehinde Olamide Ogunwumiju, as Independent Non-Executive Directors. A statement by the company’s management said the appointments are part of planned Board changes, in line with its succession planning regime. Akpata and Ogunwumiju are expected to bring their significant …
