Last checked at 27 Nov 2018 07:00
27 November 2018
Savannah Resources Plc
Appointment of Non-Executive Director
Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah' or the 'Company'), the AIM quoted resource development company, is pleased to announce the appointment of James Leahy as an Independent Non-Executive Director with immediate effect. With more than 32 years' experience in financial services, Mr Leahy has an extensive understanding of capital markets with a specialisation in commodities. In addition, Mr Leahy has executive experience having acted as Interim Chairman for Bacanora Minerals Ltd, a publically listed company and served on the boards of several listed and private companies. In these positions, he also sat on various committees ranging from audit and remuneration to AIM compliance and special Investigations. Mr Leahy will join Savannah's Audit and Risk Committee and Remuneration Committee.
Savannah's Chairman, Matthew King said: "We are pleased to welcome James Leahy to Savannah's board as he brings a wealth of experience of both capital markets and the resource sector which will be highly beneficial as we continue to progress our portfolio of energy metals projects through the their development stages and into production. His knowledge, experience and extensive contact base will be invaluable and the board looks forward to working with him as we continue to deliver on our strategy to maximise value for our shareholders with a view to taking our Portuguese Mina do Barroso project rapidly into production and to be the first significant spodumene lithium producer in Europe."
Beginning his career at the London Metal Exchange (LME), Mr Leahy has spent the subsequent 32 years involved in stockbroking and commodities in a variety of roles, including analyst, equity salesman and specialist corporate broker, which covered mining finance, origination and distribution. He has worked on a wide range of projects worldwide, ranging from industrial minerals, coal, iron ore, precious metals, copper, diamonds, lithium, uranium, plantations, forestry and palm oil. Lately he has employed his corporate governance skills, having gained substantial experience as an independent director on the boards of a number of quoted and unquoted companies. In addition, Mr Leahy has direct experience in capital markets, having worked at James Capel, Credit Lyonnais, Nedbank, Canaccord and Mirabaud; through which he has gained invaluable experience with international institutional fund managers, hedge funds, private equity and sector specialist investors. Additionally, Mr Leahy has been involved in a large number of IPOs, as well as primary and secondary placings, and the development of junior mining companies through to production.
He is currently a director of the listed fund Geiger Counter Ltd and a private start up, Energy Minerals Investments Ltd, as well as Chairman of Governors at The Judd School in Kent.
Regulatory Information
Mr James Gerald Leahy, aged 58, currently holds or has held the following directorships and partnerships in the last five years:
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Mr Leahy was a Non-Executive Director of Continental Coal Limited from 2011 to 2013 , which entered into a 90 day standstill arrangement with its creditors in February 2014 prior to the liquidation in 2016.
No further information relating to James Leahy is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
**ENDS**
For further information please visit www.savannahresources.com or contact:
Matthew King | Savannah Resources plc | Tel: +44 20 7117 2489 |
David Hignell / Dugald J. Carlean (Nominated Adviser) | Northland Capital Partners Ltd | Tel: +44 20 3861 6625 |
Christopher Raggett / Camille Gochez (Broker) | finnCap Ltd | Tel: +44 20 7220 0500 |
Grant Barker (Equity Adviser) | Whitman Howard | Tel: +44 020 7659 1225 |
Lottie Wadham/Gaby Jenner (Financial PR) | St Brides Partners Ltd | Tel: +44 20 7236 1177 |
About Savannah
Savannah is a diversified resources group (AIM: SAV) with a portfolio of energy metals projects - lithium in Portugal and copper in Oman - together with the world-class Mutamba Heavy Mineral Sands Project in Mozambique, which is being developed in a consortium with the global major Rio Tinto. The Board is committed to serving the interests of its shareholders and to delivering outcomes that will improve the lives of the communities we work with and our staff
The Company is listed and regulated on AIM and the Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB) under the symbol FWB: SAV, and the Börse Stuttgart (SWB) under the ticker "SAV".