Savannah Resources PLC PDMR Notification (2827Z)
January 21 2022 - 10:19AM
UK Regulatory
TIDMSAV
RNS Number : 2827Z
Savannah Resources PLC
21 January 2022
21 January 2022
Savannah Resources Plc
(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah' or the
'Company')
PDMR Notification
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 Sascha Keen, Strategic Financing Executive, carried out a
'sale and re-purchase' of 150,000 ordinary shares of 1 pence each
in the Company ("Ordinary Shares") held under the name of his
wholly owned company (SXS PRODUCTIONS SL) into a new share dealing
account (the "Transfer") which will be held in his personal name.
Following the Transfer Mr Keen's resulting beneficial interest is
150,000 Ordinary Shares representing 0.01% of the issued share
capital of the Company.
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").
Follow @SavannahRes on Twitter
Follow Savannah Resources on Linkedin
For further information please visit www.savannahresources.com
or contact:
Savannah Resources PLC Tel: +44 20 7117 2489
David Archer, CEO
SP Angel Corporate Finance LLP (Nominated Tel: +44 20 3470 0470
Advisor)
David Hignell / Charlie Bouverat
finnCap Ltd (Joint Broker) Tel: +44 20 7220 0500
Christopher Raggett/ Tim Redfern
WH Ireland Limited (Joint Broker) Tel: +44 20 7220 1666
Jessica Cave / Ben Good (Corporate Finance)
Adam Pollock (Corporate Broking)
Camarco (Financial PR) Tel: +44 20 3757 4980
Gordon Poole/ Emily Hall
About Savannah
Savannah is the owner of the Barroso Lithium Project, located
close to key infrastructure in Northern Portugal which contains the
most significant spodumene lithium resource in Western Europe. With
a positive Scoping Study which outlined a conventional mine and
concentrator operation producing 175,000t of spodumene concentrate
per annum, Savannah is progressing the development and
environmental licencing of the Barroso Lithium Project. A
Definitive Feasibility Study is underway, and Portugal's
environmental regulator is currently evaluating Savannah's
Environmental Impact Assessment study.
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".
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: Sascha Keen
----------------------------------------- ----------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position/status: Strategic Financing Executive
----------------------------------------- ----------------------------------
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 1 pence
Identification code: each in the Company
ISIN: GB00B647W791
----------------------------------------- ----------------------------------
b) Nature of the transaction: Sale of Ordinary Shares
----------------------------------------- ----------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
(i) GBP 0.0430
pence 150,000
-------------
----------------------------------------- ----------------------------------
d) Aggregated information:
Aggregated volume: N/A
Price:
----------------------------------------- ----------------------------------
e) Date of the transaction: 29 December 2021
----------------------------------------- ----------------------------------
f) Place of the transaction: London Stock Exchange
----------------------------------------- ----------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Sascha Keen
----------------------------------------- -----------------------------------
2. Reason for the notification
------------------------------------------------------------------------------
a) Position/status: Strategic Financing Executive
----------------------------------------- -----------------------------------
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 1 pence
Identification code: each in the Company
ISIN: GB00B647W791
----------------------------------------- -----------------------------------
b) Nature of the transaction: Purchase of Ordinary Shares
----------------------------------------- -----------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
(i) GBP 0.0430
pence 33,115
(ii) GBP
0.0450 pence 17,187
(iii) GBP
0.0470 pence 34,168
(iv) GBP
0.0500 pence 32,399
(v) GBP 0.0510
pence 15,658
(vi) GBP
0.0520 pence 3,973
(vii) GBP
0.0530 pence 13,500
-------------
----------------------------------------- -----------------------------------
d) Aggregated information:
Aggregated volume: 150,000
Price: GBP 0.0476 pence
----------------------------------------- -----------------------------------
e) Date of the transactions: 4, 5, 11, 12, 14, 17 and
19 January 2022
----------------------------------------- -----------------------------------
f) Place of the transaction: London Stock Exchange
----------------------------------------- -----------------------------------
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END
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