Savannah Energy updates on proposed acquisition and share suspension (19.3500p, 0) Thursday, December 02, 2021 07:16:38 AM (GMT)
The company's ordinary shares were suspended from trading per the company's announcement on 2-Jun-21 as a result of the requirement for the company to announce it was in advanced exclusive discussions with ExxonMobil Corporation (XOM) with respect to the proposed acquisition of its entire upstream and midstream asset portfolio in Chad and Cameroon.
The company continues its final work in relation to the Proposed Acquisition and intends on publishing an AIM Admission Document on or around 17-Dec-21, following which point the company would seek restoration to trading on AIM of its ordinary shares.
Further updates will be provided as and when appropriate.
Industries: Oil & Gas Exploration & Production, Oil & Gas Integrated Primary Identifiers: SAVE-GB, XOM-US Related Identifiers: SAVE-GB, XOM-US Subjects: Mergers and Acquisitions, M&A Other Announcements