REG - Savannah Resources - Holding(s) in Company

Savannah ResourcesAnnouncement

22/04/2025 09:01

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RNS Number : 6545F  Savannah Resources PLC  22 April 2025

 

22 April
2025

Savannah Resources Plc

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

 

Notification of Major Shareholding

 

An Event Changing the Breakdown of Voting Rights

 

Savannah Resources Plc, the developer of the Barroso Lithium Project (the
'Project') in Portugal, a 'Strategic Project' under the European Critical Raw
Materials Act and Europe's largest spodumene lithium deposit, announces that
it has received the following TR-1 notification in relation to an acquisition
of shares by Grupo Lusiaves SGPS, S.A., presented below.

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00B647W791

Issuer Name

SAVANNAH RESOURCES PLC

UK or Non-UK Issuer

UK

 

2. Reason for Notification

An acquisition or disposal of voting rights

 

3. Details of person subject to the notification obligation

Name

Grupo Lusiaves SGPS, S.A.

City of registered office (if applicable)

Figueira da Foz

Country of registered office (if applicable)

Portugal

 

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

 

5. Date on which the threshold was crossed or reached

16 April 2025

 

6. Date on which Issuer notified

18 April 2025

 

7. Total positions of person(s) subject to the notification obligation

 

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  10.069427                                             0.000000                                                                   10.069427                       218,785,909
 Position of previous notification (if applicable)                          9.447206                                              0.000000                                                                   9.447206

 

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00B647W791                                 218,785,909                                                                           10.069427
 Sub Total 8.A                                218,785,909                                                                           10.069427

 

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

 

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights

 Sub Total 8.B2

 

9. Information in relation to the person subject to the notification
obligation

1. Person subject to the notification obligation is not controlled by any
natural person or legal entity and does not control any other undertaking(s)
holding directly or indirectly an interest in the (underlying) issuer.

 Ultimate controlling person  Name of controlled undertaking  % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                          than the notifiable threshold

 

10. In case of proxy voting

 

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

 

 

12. Date of Completion

18 April 2025

 

13. Place Of Completion

Figueira da Foz, Portugal

 

 

Savannah - Enabling Europe's energy transition.

**ENDS**

Follow @SavannahRes on X

Follow Savannah Resources on LinkedIn

 

For further information please visit www.savannahresources
(http://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)

 Canaccord Genuity Limited (Joint Broker)                               Tel: +44 20 7523 8000

 James Asensio / Charlie Hammond (Corporate Broking)

 Ben Knott (Sales)
 Camarco (UK Financial PR)                                              Tel: +44 20 3757 4980

 Gordon Poole/ Emily Hall / Nuthara Bandara
 Savannah Resources PLC (Portugal Media Relations)

 Antonio Neves Costa, Communications Manager                            Tel: +351 962 678 912

 

 

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.

 

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.

 

 

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