Savannah Resources PLC Chief Executive Officer Dealing (1404Q)
October 16 2023 - 2:00AM
UK Regulatory
TIDMSAV
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 GBP0.01 each in the Company
("Ordinary Shares") at an average price of 2.8411 pence per
Ordinary Share, totalling GBP14,915.83.
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: Ordinary Shares of GBP0.01
Identification code: 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 1. 295,836
pence
2. 2.8767 2. 229,164
pence
------------
----------------------------------------- -----------------------------
d) Aggregated information: 525,000
Aggregated volume: 2.8411 pence (average)
Price:
----------------------------------------- -----------------------------
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 Tel: +44 20 3470 0470
Advisor & Joint Broker)
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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END
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