RNS Number : 7279S

Savannah Resources PLC

18 July 2022

18 July 2022

Savannah Resources Plc

(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah,' 'Company,' 'Proponent')

PDMR Notification

Savannah, the resource development company focused on becoming Europe's most significant producer of spodumene lithium concentrate from its Barroso Lithium Project in Portugal, has been informed that, Slipstream Resources International Pty Ltd, a key shareholder, has aquired a total of 537,300 Ordinary Shares of GBP0.01 each in the Company ("Ordinary Shares") at an average price of 3.035 pence per Ordinary Share.

Following this acquisition Slipstream Resources International Pty Ltd, the Company's second largest shareholder and a Person Closely Associated with Dale Ferguson, Interim CEO and Director under UK MAR, has a total beneficial interest in 147,717,300 Ordinary Shares representing 8.75% of the Company's issued shared capital. Mr Dale Ferguson holds a 31.25% interest in the Ordinary Shares that Slipstream Resources International Pty Ltd hold in Savannah. This takes Mr Ferguson's total beneficial interest in the Company's issued share capital to 3.0%.


 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      Slipstream Resources International 
                                                  Pty Ltd 
     -----------------------------------------  ----------------------------------- 
 2.   Reason for the notification 
 a)   Position/status:                           Person Closely Associated 
                                                  to Dale Ferguson 
     -----------------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment:            Initial notification 
     -----------------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer, or auction monitor 
 a)   Name:                                      Savannah Resources Plc 
     -----------------------------------------  ----------------------------------- 
 b)   LEI:                                       213800UCK16HW5KKGP60 
     -----------------------------------------  ----------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted. 
 a)   Description of the financial instrument, 
       type of instrument:                         Ordinary Shares of GBP0.01 
       Identification code:                        each 
                                                   ISIN: GB00B647W791 
     -----------------------------------------  ----------------------------------- 
 b)   Nature of the transaction:                 Purchase of Ordinary Shares 
     -----------------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s):                      Price(s)    Volume(s) 
                                                    1. 2.350    1. 2,300 
                                                     2. 3.000    2. 280,000 
                                                     3. 3.080    3. 255,000 
     -----------------------------------------  ----------------------------------- 
 d)   Aggregated information:                     537,300 
       Aggregated volume:                          3.035 pence (average) 
     -----------------------------------------  ----------------------------------- 
 e)   Date of the transactions:                       1. 13 July 2022 
                                                       2. 14 July 2022 
                                                       3. 15 July 2022 
     -----------------------------------------  ----------------------------------- 
 f)   Place of the transaction:                  London Stock Exchange 
     -----------------------------------------  ----------------------------------- 

Regulatory Information

This Announcement contains inside information for the purposes of the UK version of the market abuse regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

Savannah - Enabling Europe's energy transition.


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For further information please visit www.savannahresources.com or contact:

Savannah Resources PLC                     Tel: +44 20 7117 2489 
 Dale Ferguson, CEO 
SP Angel Corporate Finance LLP (Nominated  Tel: +44 20 3470 0470 
 David Hignell / Charlie Bouverat 
finnCap Ltd (Joint Broker)                 Tel: +44 20 7220 0500 
 Christopher Raggett/ Tim Redfern 
RBC Capital Markets (Joint Broker)         Tel: +44 (0) 20 7653 4000 
 Farid Dadashev/ Jamil Miah 
WH Ireland Limited (Joint Broker)          Tel: +44 20 7220 1666 
 Jessica Cave/ Ben Good/ Darshan Patel 
 (Corporate Finance) 
 Aimee McCusker (Corporate Broking) 
Camarco (Financial PR)                     Tel: +44 20 3757 4980 
 Gordon Poole/ Emily Hall 

About Savannah

Savannah is the owner of the Barroso Lithium Project, located close to key infrastructure in Northern Portugal which contains the most significant spodumene lithium resource in Western Europe. With a positive Scoping Study which outlined a conventional mine and concentrator operation producing 175,000t of spodumene concentrate per annum, Savannah is progressing the development and environmental licensing of the Barroso Lithium Project. A Definitive Feasibility Study is underway, and Portugal's environmental regulator is currently evaluating Savannah's Environmental Impact Assessment study. The Company is listed and regulated on the London Stock Exchange's Alternative Investment Market (AIM: SAV). The Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB: SAV), and the Börse Stuttgart (SWB: SAV).

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(END) Dow Jones Newswires

July 18, 2022 02:00 ET (06:00 GMT)

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