Savannah Resources PLC Grant of Warrants and PDMR Notification (6582X)
August 13 2018 - 11:36AM
UK Regulatory
TIDMSAV
RNS Number : 6582X
Savannah Resources PLC
13 August 2018
13 August 2018
Savannah Resources Plc
Grant of Warrants
PDMR Notification
Savannah Resources plc (AIM: SAV and SWB: SAV) ('Savannah' or
the 'Company), the AIM quoted resource development company,
announces that it has granted 343,432 warrants (the 'Warrants')
over ordinary shares of par value GBP0.01 in the Company ('Ordinary
Shares') to a financial advisor of the Company as payment for
services rendered in connection with Savannah's recent fundraise
announced on 5 July 2018. The Warrants have an exercise price of
11.25p and an exercise period limit of three years, vesting
immediately. The exercise price represents a premium of 25% to the
placing price as per the Company's 5 July 2018 announcement.
Further, the Company advises of the sale of Ordinary Shares by a
PDMR as set out below:
PDMR Number of Ordinary Shares Sold Price Per Ordinary Share Percentage Beneficial Holding in the Company
Dale Ferguson 2,000,000 8.5p 1.37%
The sale of these Ordinary Shares, in an off-market transaction,
effectively covers the purchase price of the share options that
were previously exercised by Mr. Ferguson with the balance being
retained as shares in the Company.
The notifications in appendix 1, made in accordance with the
requirements of the EU Market Abuse Regulation (Regulation (EU)
596/2014), provides further detail.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
*ENDS*
For further information please visit www.savannahresources.com
or contact:
David Archer Savannah Resources Tel: +44 20 7117
plc 2489
David Hignell / Dugald J. Northland Capital Tel: +44 20 3861
Carlean (Nominated Adviser) Partners Ltd 6625
Christopher Raggett / Camille finnCap Ltd Tel: +44 20 7220
Gochez (Broker) 0500
Grant Barker (Equity Adviser) Whitman Howard Tel: +44 020 7659
1225
Charlotte Page / Lottie St Brides Partners Tel: +44 20 7236
Wadham (Financial PR) Ltd 1177
About Savannah
We are a diversified resources group (AIM: SAV) with a portfolio
of energy metals projects - lithium in Portugal and copper in Oman
- together with the world-class Mutamba Heavy Mineral Sands Project
in Mozambique, which is being developed in a consortium with the
global major Rio Tinto. We are committed to serving the interests
of our shareholders and to delivering outcomes that will improve
the lives of our staff and the communities we work with.
The group is listed and regulated on AIM and the Company's
ordinary shares are also available on the Börse Stuttgart (SWB)
under the ticker "SAV".
Appendix 1
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 Dale Ferguson
------------------------ ----------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Technical Director
------------------------ ----------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------ ----------------------------------------------
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 Ordinary Shares of GBP0.01 each
of the financial
instrument, ISIN: GB00B647W791
type of instrument
Identification
code
------------------------ ----------------------------------------------
b) Nature of the Disposal of Shares
transaction
The sale of these shares effectively covers
the purchase price of the share options that
were previously exercised by Mr. Ferguson
with the balance being retained as shares
in the Company.
------------------------ ----------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0.085 2,000,000
------------------------ ----------------------------------------------
Aggregated information
Aggregated volume 2,000,000
d) Price 0.085
------------------------ ----------------------------------------------
e) Date of the 8 August 2018
transaction(s)
9 August 2018
----------------------------- ----------------------------------------------
f) Place of the Off-market transaction
transaction
------------------------ ----------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCGGUCWRUPRGAW
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