Last checked at 2 Mar 2018 12:58
2 March 2018
Savannah Resources Plc
Statement re: joint broker
Savannah Resources plc (AIM: SAV and SWB: SAV) ('Savannah', or the 'Company'), the AIM quoted resource development company, notes the Financial Conduct Authority's ("FCA") announcement today regarding Beaufort Securities Limited ("BSL") and Beaufort Asset Clearing Services Limited (the "Firms") being placed into insolvency.
The FCA's announcement disclosed that the FCA has imposed requirements requiring the Firms to cease all regulatory activity. BSL were a joint broker to Savannah. As a result of the requirements imposed by the FCA, BSL will no longer be able to provide broking services to Savannah.
Northland Capital Partners continue to act as nominated adviser and finnCap continue to act as broker.
This Announcement contains inside information for the purposes of Article 7 of the Regulation (EU) 596/2014.
*ENDS*
For further information please visit www.savannahresources.com or contact:
David Archer | Savannah Resources plc | Tel: +44 20 7117 2489 |
David Hignell / Dugald J. Carlean (Nominated Adviser) | Northland Capital Partners Limited | Tel: +44 20 3861 6625 |
Christopher Raggett / Emily Morris (Broker) | finnCap Ltd | Tel: +44 20 7220 0500 |
Charlotte Page / Lottie Wadham (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. Savannah is committed to serving the interests of our shareholders and to delivering outcomes that will improve the lives of our staff and the communities the Company works with.
The group is listed and regulated on AIM and the Company's ordinary shares are also available on the Börse Stuttgart (SWB) under the ticker "SAV".