TIDMSAV
RNS Number : 0553U
Savannah Resources PLC
21 November 2023
21 November 2023
Savannah Resources Plc
(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah,' or the
'Company')
Director and PDMR Dealings
Savannah, the resource development company focused on becoming
Europe's most significant producer of spodumene lithium concentrate
from its Barroso Lithium Project (the 'Project') in Portugal, has
been informed that, on 17 November 2023 the Company Directors and
Executives listed below made the following purchases of Ordinary
Shares of GBP0.01 each in the Company ("Shares"):
-- Mr Matthew King, Chairman, acquired a total of 166,667 Shares
at a price of 2.444 pence per Share, totaling GBP4,073.34;
-- Mr. Emanuel Proença, Chief Executive Officer, acquired a
total of 200,000 Shares at an average price of 2.43835 pence per
Share, totaling GBP4,876.70; and
-- Mr James Leahy, Non-Executive Director, acquired a total of
210,000 Shares at a price of 2.428 pence per Share, totaling
GBP5,098.80.
Following these acquisitions, the individuals listed above have
total beneficial interests in Savannah's Shares, with voting
rights, as follows:
-- Mr King: 3,564,394, representing 0.19% of the Company's issued share capital;
-- Mr Proença: 725,000, representing 0.04% of the Company's issued share capital; and
-- Mr Leahy: 1,682,955, representing 0.09% of the Company's issued share capital.
Additionally, other members of Savannah's Portuguese and HQ Team
acquired 545,269 Shares on the 17 November 2023 for an aggregate
consideration of GBP13,160.
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: 1. Matthew King
2. Emanuel Proença
3. James Leahy
----------------------------------------- -----------------------------------
2. Reason for the notification
------------------------------------------------------------------------------
a) Position/status: 1. Chairman
2. CEO
3. Non-Executive Director
----------------------------------------- -----------------------------------
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 transactions: Purchase of Ordinary Shares
----------------------------------------- -----------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1. 2.4440 pence 1. 166,667
2.1 2.4440 pence 2.1 150,000
2.2 2.4440 pence 2.2 44,504
2.3 2.3800 pence 2.3 5,496
3. 2.4280 pence 3. 210,000
-------------
----------------------------------------- -----------------------------------
d) Aggregated information: 2.1 / 2.2 / 2.3
Aggregated volume: 200,000
Price: 2.43835 pence average
----------------------------------------- -----------------------------------
e) Date of the transactions: 1. 17 November 2023
2. 17 November 2023
3. 17 November 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**
Follow @SavannahRes on X (Formerly known as Twitter)
Follow Savannah Resources on LinkedIn
For further information please visit www.savannahresources.com
or contact:
Savannah Resources PLC Tel: +44 20 7117 2489
Emanuel Proença, CEO
SP Angel Corporate Finance LLP (Nominated Advisor Tel: +44 20 3470 0470
& Joint Broker)
David Hignell/ Charlie Bouverat (Corporate Finance)
Grant Barker/Abigail Wayne (Sales & Broking)
SCP Resource Finance (Joint Broker) Tel: +44 204 548 1765
Filipe Martins/Chris Tonkin
Camarco (Financial PR) Tel: +44 20 3757 4980
Gordon Poole/ Emily Hall / Fergus Young
LPM (Portugal Media Relations) Tel: +351 218 508 110
Herminio Santos/ Jorge Coelho
About Savannah
Savannah Resources is a mineral resource development company and
the sole owner of the Barroso Lithium Project in northern Portugal,
the largest spodumene lithium resource outlined to date in
Europe.
Through the Barroso Lithium Project (the 'Project'), Savannah
will 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. After the
Environmental Licence was granted in May 2023 and the Scoping Study
confirmed the economic potential of the Project in June 2023,
production is now targeted and on track to begin in 2026. At that
stage, Savannah will start producing enough lithium for
approximately half a million vehicle battery packs per year, equal
to a significant portion of the European Commission's Critical Raw
Material Act goal of a minimum 10% of European endogenous lithium
production set for 2030. 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.
The Company is listed and regulated on the London Stock
Exchange's Alternative Investment Market (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".
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END
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