Savannah Resources - Exercise of Share Options

Savannah Resources

26/05/2026 07:00

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
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**

 

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

 

Savannah Resources PLC
Emanuel Proença, CEO
Tel: +351 963 850 959
SP Angel Corporate Finance LLP (Nominated Advisor & Joint Broker)
David Hignell / Charlie Bouverat (Corporate Finance)
Grant Barker /Abigail Wayne (Sales & Broking)
Tel: +44 20 3470 0470
Canaccord Genuity Limited (Joint Broker)
James Asensio / Rory Blundell / Charlie Hammond (Corporate Broking)
Ben Knott (Sales)
Tel: +44 20 7523 8000
Portugal Media Relations
António 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 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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  END

 

 
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