REG - Savannah Resources - Exercise of Share Options

Savannah ResourcesAnnouncement

26/05/2026 07:00

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RNS Number : 5440F  Savannah Resources PLC  26 May 2026

 

 

26 May 2026

 

Savannah Resources Plc

(AIM: SAV) ('Savannah', or the 'Company')

 

Exercise of Share Options

 

Savannah Resources Plc, the developer of the Barroso Lithium Project in
Portugal (the 'Project'), a 'Strategic Project' under the European Critical
Raw Materials Act and Europe's largest spodumene lithium deposit confirms that
it has issued, conditional on admission, a total of 1,300,000 new ordinary
shares of £0.01 each in the capital of the Company ("Ordinary Shares"),
following the exercise of share options by Henrique Freire, the Company's
Chief Financial Officer and another employee under the Company's Equity
Incentive Plan.

 

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares
in issue and application has been made for the new Ordinary Shares to be
admitted to trading on the AIM Market of the London Stock Exchange
("Admission"). Admission is expected to occur, and dealings in the new
Ordinary Shares commence, at 8:00 a.m. on 29 May 2026.

 

Total Voting Rights

 

Following Admission, the Company will have 2,575,449,699 Ordinary Shares in
issue. This figure of 2,575,449,699 may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change of their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

PDMR Notification

 

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                                                         Henrique Freire

 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer

 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

                                                                   Exercise of nominal cost Options of 1.0 pence

                                                                   ISIN: GB00B647W791
 b)   Nature of the transaction                                    Exercise of options of 1.0 pence each in respect of the STIP component of the
                                                                   Company's Equity Incentive Plan

 c)   Price(s) and volume(s)                                       Price(s)     Volume(s)
                                                                     1.0 pence   900,000
 d)   Aggregated information

      Aggregated volume

                                                                   900,000

      Price

                                                                   1.0 pence

 e)   Date of the transaction(s)                                   22 May 2026
 f)   Place of the transaction                                     Off-market transaction

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

 

900,000

 

 

1.0 pence

 

e)

Date of the transaction(s)

22 May 2026

f)

Place of the transaction

Off-market transaction

 

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: +351 963 850 959

 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)

                                                                         Tel: +44 20 7523 8000

 Canaccord Genuity Limited (Joint Broker)

 James Asensio / Rory Blundell / Charlie Hammond (Corporate Broking)

 Ben Knott (Sales)

 Portugal Media Relations                                                Tel: +351 962 678 912

 António Neves Costa (Communications Manager)

 

 

About Savannah

Savannah Resources is a mineral resource development company and the sole
owner of the Barroso Lithium Project (the 'Project') in northern Portugal. The
Project is the largest battery grade spodumene lithium resource outlined to
date in Europe and was classified as a 'Strategic Project' by the European
Commission under the Critical Raw Materials Act in March 2025 and was approved
for a Portuguese State development Grant of up to €110m in January 2026.

 

Through 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 lithium battery value chain. Once in operation the Project will
produce enough lithium (contained in c.190,000tpa of spodumene concentrate)
for approximately half a million vehicle battery packs per year and hence make
a significant contribution towards the European Commission's Critical Raw
Material Act goal of a minimum 10% of European endogenous lithium production
from 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 AIM Market of the London Stock
Exchange and trades under the ticker "SAV".

 

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