16 Oct 2023 07:00
16 October 2023
Savannah Resources Plc
(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah,' or the 'Company')
Chief Executive Officer Dealing
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. Emanuel Proença, Chief Executive Officer, acquired a total of 525,000 Ordinary Shares of £0.01 each in the Company ("Ordinary Shares") at an average price of 2.8411 pence per Ordinary Share, totalling £14,915.83.
Following this acquisition Mr. Proença has a total beneficial interest in Ordinary Shares, representing 0.03% of the Company's issued share capital.
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: | Emanuel Proença | ||||
2. | Reason for the notification | |||||
a) | Position/status: | CEO | ||||
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 £0.01 each ISIN:GB00B647W791 | ||||
b) | Nature of the transactions: | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: Aggregated volume: Price: |
525,000 2.8411 pence (average) | ||||
e) | Date of the transactions: | 1. 11 October 2023 2. 12 October 2023 | ||||
f) | Place of the transactions: | 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**
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For further information please visit www.savannahresources.com or contact:
Savannah Resources PLC Emanuel Proença, CEO
| Tel: +44 20 7117 2489
|
SP Angel Corporate Finance LLP (Nominated Advisor & Joint Broker) David Hignell/ Charlie Bouverat (Corporate Finance) Grant Barker/Abigail Wayne (Sales & Broking)
| Tel: +44 20 3470 0470
|
RBC Capital Markets (Joint Broker) Farid Dadashev/ Jamil Miah
| Tel: +44 (0) 20 7653 4000 |
Camarco (Financial PR) Gordon Poole/ Emily Hall / Fergus Young | Tel: +44 20 3757 4980 |
| |
LPM ( Portugal Media Relations) Herminio Santos/ Jorge Coelho | Tel: +351 218 508 110 |
About Savannah
Savannah Resources is a mineral resource development company and sole owner of the Barroso Lithium Project in northern Portugal.
Savannah is focused on the responsible development and operation of the Barroso Lithium Project so that its impact on the environment is minimised and the socio-economic benefits that it can bring to all its stakeholders are maximised. Through the Barroso Lithium Project, Savannah can help Portugal to play an important role in providing a long-term, locally sourced, lithium raw material supply for Europe's rapidly developing lithium battery value chain. Production is targeted to begin in 2026, producing enough lithium for 0.5m vehicle battery packs per year.
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".
Savannah Resources (SAV)