REG - Savannah Resources - Chief Executive Officer Dealing

Savannah ResourcesAnnouncement

16/10/2023 07:00

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RNS Number : 1404Q  Savannah Resources PLC  16 October 2023

 

 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):

Price(s)          Volume(s)
                                                                     1. 2.8135 pence   1. 295,836

                                                                     2. 2.8767 pence   2. 229,164
 d)    Aggregated information:

       Aggregated volume:                                            525,000

       Price:                                                        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

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**

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 & Joint Broker)      Tel: +44 20 3470 0470

 David Hignell/ Charlie Bouverat (Corporate Finance)

 Grant Barker/Abigail Wayne (Sales & Broking)

 RBC Capital Markets (Joint Broker)                                     Tel: +44 (0) 20 7653 4000

 Farid Dadashev/ Jamil Miah

 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 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".

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