Last checked at 21 Jan 2022 15:19
21 January 2022
Savannah Resources Plc
(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah' or the 'Company')
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, Mr Sascha Keen, Strategic Financing Executive, carried out a 'sale and re-purchase' of 150,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") held under the name of his wholly owned company (SXS PRODUCTIONS SL) into a new share dealing account (the "Transfer") which will be held in his personal name. Following the Transfer Mr Keen's resulting beneficial interest is 150,000 Ordinary Shares representing 0.01% of the issued share capital of the Company.
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").
Follow @SavannahRes on Twitter
Follow Savannah Resources on Linkedin
For further information please visit www.savannahresources.com or contact:
Savannah Resources PLC David Archer, CEO
| Tel: +44 20 7117 2489
|
SP Angel Corporate Finance LLP (Nominated Advisor) David Hignell / Charlie Bouverat
| Tel: +44 20 3470 0470
|
finnCap Ltd (Joint Broker) Christopher Raggett/ Tim Redfern
| Tel: +44 20 7220 0500
|
WH Ireland Limited (Joint Broker) Jessica Cave / Ben Good (Corporate Finance) Adam Pollock (Corporate Broking)
| Tel: +44 20 7220 1666
|
Camarco (Financial PR) Gordon Poole/ Emily Hall | Tel: +44 20 3757 4980 |
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 licencing 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 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".
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: | Sascha Keen | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Strategic Financing Executive | ||||
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: Identification code: |
Ordinary Shares of 1 pence each in the Company ISIN:GB00B647W791 | ||||
b) | Nature of the transaction: | Sale of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: Aggregated volume: Price: |
N/A | ||||
e) | Date of the transaction: | 29 December 2021 | ||||
f) | Place of the transaction: | London Stock Exchange | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Sascha Keen | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Strategic Financing Executive | ||||
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: Identification code: |
Ordinary Shares of 1 pence each in the Company ISIN:GB00B647W791 | ||||
b) | Nature of the transaction: | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: Aggregated volume: Price: |
150,000 £ 0.0476 pence | ||||
e) | Date of the transactions: | 4, 5, 11, 12, 14, 17 and 19 January 2022 | ||||
f) | Place of the transaction: | London Stock Exchange | ||||
**ENDS**