Savannah Petroleum Plc Issues Update On Transaction Related To Seven Energy

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Savannah Petroleum Plc Issues Update On Transaction Related To Seven Energy

  • Final documentation with regard to the financial restructuring of Seven Energy Group is now completed
  • The key terms of the restructuring are as per the company’s previous announcements.
  • This leads to satisfying the final commercial condition pertaining to the transaction.
  • As part of the process a court hearing has been scheduled on 13 November 2019
  • On 8th November 2019, at the time of writing, GMT 11:33 AM, SAVP shares were trading at GBX 25.50, up by 1.80 points or 7.59 per cent against the previous day closing price.

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