Savannah Resources PLC Director/PDMR Shareholding (7279S)
18 Julho 2022 - 3:00AM
UK Regulatory
TIDMSAV
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%.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM:
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
pence
2. 3.000 2. 280,000
pence
3. 3.080 3. 255,000
pence
------------
----------------------------------------- -----------------------------------
d) Aggregated information: 537,300
Aggregated volume: 3.035 pence (average)
Price:
----------------------------------------- -----------------------------------
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.
**ENDS**
Follow @SavannahRes on Twitter
Follow Savannah Resources on LinkedIn
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
Advisor)
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
DSHFFFIIDRIDLIF
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