Savannah Energy Reshapes Shareholder Base as NIPCO and CEO Lift Stakes

An update from Savannah Petroleum ( (GB:SAVE) ) is now available.

Savannah Energy PLC has completed a series of secondary market transactions in its ordinary shares, resulting in Nigerian downstream group NIPCO increasing its stake to about 26.5% of the company’s issued share capital. At the same time, CEO Andrew Knott purchased 25.5 million existing shares, lifting his holding to roughly 292.8 million shares, or 13.8% of the company, and the parties have agreed to terminate a previously announced off‑market share buyback arrangement involving 143.6 million shares to enable these trades. The reshaping of the shareholder base consolidates significant stakes with a strategic investor and the chief executive, signalling confidence in Savannah’s prospects and potentially strengthening governance alignment and support for the company’s long‑term African energy projects.

The most recent analyst rating on (GB:SAVE) stock is a Hold with a £6.50 price target. To see the full list of analyst forecasts on Savannah Petroleum stock, see the GB:SAVE Stock Forecast page.

Spark’s Take on GB:SAVE Stock

According to Spark, TipRanks’ AI Analyst, GB:SAVE is a Neutral.

Savannah Petroleum’s strong financial performance with high profitability is offset by high leverage and concerning cash flow trends. Technical indicators suggest a bearish trend, while the low P/E ratio indicates potential undervaluation. The absence of earnings call and corporate events data limits further insights.

To see Spark’s full report on GB:SAVE stock, click here.

More about Savannah Petroleum

Savannah Energy PLC is a British independent energy company focused on developing and operating “Projects that Matter” in Africa, with its activities centred on energy infrastructure and supply across the continent.

Average Trading Volume: 4,101,390

Technical Sentiment Signal: Sell

Current Market Cap: £123.9M

Learn more about SAVE stock on TipRanks’ Stock Analysis page.