Savannah Resources PLC PDMR Notification (6644B)
05 June 2023 - 8:11PM
UK Regulatory
TIDMSAV
RNS Number : 6644B
Savannah Resources PLC
05 June 2023
5 June 2023
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 on 1 June 2023, Mr Matthew King, Chairman, acquired a total of
160,000 Ordinary Shares of GBP0.01 each in the Company ("Ordinary
Shares") at a price of 4.6500 pence per Ordinary Share, totaling
GBP7,440.00.
Following this acquisition Mr King has a total beneficial
interest in 3,076,528 Ordinary Shares, representing 0.18% 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: Matthew King
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2. Reason for the notification
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a) Position/status: Chairman
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b) Initial notification/Amendment: Initial notification
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3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer, or auction monitor
--------------------------------------------------------------------------
a) Name: Savannah Resources Plc
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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
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b) Nature of the transactions: Purchase of Ordinary Shares
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c) Price(s) and volume(s): Price(s) Volume(s)
4.6500 pence 160,000
----------
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d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above
Price:
----------------------------------------- -------------------------------
e) Date of the transactions: 1 June 2023
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f) Place of the transactions: London Stock Exchange
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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 Twitter
Follow Savannah Resources on LinkedIn
For further information please visit www.savannahresources.com
or contact:
Savannah Resources PLC Tel: +44 20 7117 2489
Dale Ferguson, 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 is the owner of the Barroso Lithium Project. Located
close to key infrastructure in northern Portugal, the Project
contains the most significant spodumene lithium resource in Western
Europe. Following a positive Scoping Study in 2018, Savannah is
progressing the development and environmental licencing of the
Barroso Lithium Project based on the production of approximately
200,000t of spodumene concentrate per annum.
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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