REG - Savannah Resources - Directorate Change

Savannah ResourcesAnnouncement

10/11/2022 07:00

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RNS Number : 9109F  Savannah Resources PLC  10 November 2022

 

 

10 November 2022

 

Savannah Resources Plc

(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah' or the 'Company')

 

Directorate Change

 

Appointment of Diogo da Silveira to the Board

 

Savannah Resources plc, the European lithium development company, is pleased
to announce the appointment of Diogo da Silveira as independent non-executive
director effective from 10 November 2022. On joining the Company Mr da
Silveira will become a member of the Remuneration and Audit and Risk
Committees.

 

Matthew King, Savannah's Chairman said: "I am delighted to welcome Diogo to
the Board. Diogo is a highly experienced business leader with extensive
experience in Portugal and Europe. We look forward in particular to leveraging
his expertise in the primary industry sector, via his past role with leading
Portuguese forestry operator, Navigator, whose operations faces similar
permitting challenges to mining companies, and in the energy transition
sector, through his role as Chair of Floene Energias. This appointment
reinforces our role in Portugal's vital contribution to the global transition
to renewable energy."

 

Diogo da Silveira, Savannah's new non-executive director said: "I am honoured
to contribute to Europe's energy self-sufficiency journey through Savannah's
development of lithium resources in northern Portugal. I hope to bring energy
and mobility knowledge, sustainability experience, Portuguese insights, and
European perspective to the Barroso Lithium Project. I am really excited to be
part of such an important energy transition undertaking at such a unique
time."

 

Mr Diogo da Silveira, a former McKinsey Partner, is a seasoned CEO and NED in
multiple sectors across Europe. He also has considerable experience in funds'
management, both Private Equity and Venture Capital. Recently Diogo started
several entrepreneurial initiatives in last mile logistics, real estate, and
sports. He is the Chairman of Floene Energias, the leading Gas DSO in
Portugal. Over the last 20 years, Diogo has been the CEO of several listed and
private companies, namely The Navigator Company, Açoreana Seguros, ONI
telecom, Isoroy, Novis as well as Executive Director at Sonae Indústria,
Sonaecom, ModeloContinente, Sonae Investimentos and BanifBank. He has been a
European NED at Glunz, Tafisa, Optimus, BanifBank, WeDo and Bizdirect. Diogo
was a management member of several Portuguese industrial associations such as
CIP, APS, Celpa, Cotec and BCSD as well as of European, Brussels based, CEPI
and Worlwide, Geneva based, WBCSD. He also serves the French Embassy in
Portugal as Conseiller du Commerce Exterieur. Diogo is an Ingénieur from
Ecole Centrale de Lille, a research Scholar from Berkeley and holds an MBA
& IDP from INSEAD.

 

 

The following information is disclosed pursuant to Schedule Two, paragraph (g)
of the AIM Rules for Companies.

 

Mr Diogo Antonio da Silveira (a dual Portuguese / French national residing in
Lisbon, Portugal), aged 61, currently holds or has held the following
directorships and partnerships in the last five years:

 

 Current Directorships / Partnerships  Directorships / Partnerships with the last 5 years
 Floene Energias, S.A.                 The Navigator Company, S.A.
 EZCart sgps                           Navigator Floresta sgps,S.A.
 EZCart, S.A.                          Navigator Biomass Energy sgps, S.A.
 Solidal, S.A.                         Navigator Pulp Holding sgps, S.A.
 Shilling Capital Partners, S.A.       Navigator Paper Holding sgps, S.A.
 Specialpodium sgps, S.A.              Navigator Paper Setubal sgps, S.A.
 Realpodium, Lda                       Navigator Tissue Ródão, S.A.
 Bestpodium Lisbon sports agency, Lda  Navigator Brands, S.A.
 Sport União Sintrense S.A.D           Ach Brito, S.A.
 Shilling Capital Partners II, Lda
 Objectivepodium, Lda

 

Mr da Silveira does not currently hold any ordinary shares in the Company.

 

There is no further information to be disclosed pursuant to paragraph (g) of
Schedule 2 of the AIM Rules.

 

Regulatory Information

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

**ENDS**

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Follow Savannah Resources on LinkedIn

 

 

 

 

 

 

 

 

 

 

 

For further information please visit www.savannahresources.com or contact:

 

 Savannah Resources PLC                                                 Tel: +44 20 7117 2489


 Dale Ferguson, CEO

 SP Angel Corporate Finance LLP (Nominated Adviser & 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

 

About Savannah

Savannah is the owner of the Barroso Lithium Project, located close to key
infrastructure in Northern Portugal which contains the most significant
spodumene lithium resource in Western Europe. Following a positive Scoping
Study which outlined a conventional operation producing 175,000t of spodumene
concentrate per annum, Savannah is progressing the development and
environmental licencing of the Barroso Lithium Project.

 

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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