Savannah Petroleum Plc renews loan facility

  • Dec 13, 2019 GMT
  • Team Kalkine
  • The company has announced renewal of €4 million unsecured loan facility with Oragroup SA
  • The facility was initiated in 2016 and was intended for working capital and general corporate purposes
  • It has been renewed for three years and carries an interest of 7.5% payable semi-annually
  • On 13th December 2019, the stock of SAVP was trading at GBX 22.40 at GMT 08:08 AM, up 1.40 points or 6.67% from its previous close.

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