28 June 2021
P D M R N o t i f i c a t i o n
Savannah, the resource development company focused on becoming Europe's most significant producer of spodumene lithium concentrate from its Mina do Barroso Project in Portugal, has been informed that, David Archer, CEO and Director, acquired a total of 250,000 Ordinary Shares of £0.01 each in the Company ("Ordinary Shares") at a price of 3.57 pence per Ordinary Share.
Following this acquisition, Mr. Archer has a total beneficial interest in 40,656,649 Ordinary Shares, representing 2.41% 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: | David Stuart Archer |
2. | Reason for the notification | |
a) | Position/status: | CEO, 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 £0.01 each | |
Identification code: | ISIN:GB00B647W791 | |
b) | Nature of the transaction: | Purchase of Ordinary Shares |
S A V A N N A H R E S O U R C E P L C / / W W W . S A V A N N A H R E S O U R C E S . C O M
c) | Price(s) and volume(s): | ||||
Price(s) | Volume(s) | ||||
3.57 pence | 250,000 | ||||
d) | Aggregated information: | ||||
Aggregated volume: | Single transaction as in 4 c) above | ||||
Price: | |||||
e) | Date of the transaction: | 28 June 2021 | |||
f) | Place of the transaction: | London Stock Exchange | |||
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").
**ENDS**
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For further information please visit www.savannahresources.com or contact:
Savannah Resources PLC | Tel: +44 20 7117 2489 |
David Archer, CEO | |
SP Angel Corporate Finance LLP (Nominated Advisor) | Tel: +44 20 3470 0470 |
David Hignell / Charlie Bouverat | |
finnCap Ltd (Joint Broker) | Tel: +44 20 7220 0500 |
Christopher Raggett/ Tim Redfern | |
WH Ireland Limited (Joint Broker) | Tel: +44 20 7220 1698 |
Jessica Cave / Matthew Chan (Corporate Finance) | |
Adam Pollock (Corporate Broking) | |
Camarco (Financial PR) | Tel: +44 20 3757 4980 |
Nick Hennis / Gordon Poole |
S A V A N N A H R E S O U R C E P L C / / W W W . S A V A N N A H R E S O U R C E S . C O M
About Savannah
Savannah is a diversified resources group (AIM: SAV) with two development stage projects, Mina do Barroso, a hardrock lithium project in Portugal which has the largest spodumene lithium resource in Europe, and 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".
S A V A N N A H R E S O U R C E P L C / / W W W . S A V A N N A H R E S O U R C E S . C O M
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Savannah Resources plc published this content on 28 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2021 15:29:03 UTC.