Savannah Resources PLC Change of Registered Office & Holdings in Company (3787L)
19 April 2018 - 2:00AM
UK Regulatory
TIDMSAV
RNS Number : 3787L
Savannah Resources PLC
18 April 2018
18 April 2018
Savannah Resources Plc
Change of Registered Office and Holdings in Company
Savannah Resources plc (AIM: SAV and SWB: SAV) ('Savannah' or
'the Company'), the AIM quoted resource development company,
announces that it has changed its registered office address to
Salisbury House, London Wall, London, EC2M 5PS with immediate
effect.
In addition, following the Company's announcement of 17 April
2018 regarding the completion of a GBP0.565 million subscription by
Savannah's major shareholder Al Marjan Limited ('Al Marjan'), the
Company has received a TR-1 notification in relation to Al Marjan's
revised holding. The TR-1 notification and the notification and
public disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with them are
presented below.
Notification of Substantial Shareholding
1a. Identity of the issuer Savannah Resources Plc
or the underlying issuer of
existing shares to which voting
rights are attached(ii) :
---------------------------------------------- --------------------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer
(please mark with an "X" if appropriate)
--------------------------------------------------------------------------------------------------------------------
Non-UK issuer
------------------------------------------------------------------------------------------------ ------------------
2. Reason for the notification (please mark the appropriate
box or boxes with an "X")
--------------------------------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights X
------------------------------------------------------------------------------------------------ ------------------
An acquisition or disposal of financial
instruments
------------------------------------------------------------------------------------------------ ------------------
An event changing the breakdown of voting
rights
------------------------------------------------------------------------------------------------ ------------------
Other (please specify)(iii) :
------------------------------------------------------------------------------------------------ ------------------
3. Details of person subject to the notification obligation(iv)
Name Al Marjan Limited
City and country of registered Cayman Islands
office (if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
--------------------------------------------------------------------------------------------------------------------
Name
---------------------------------------------- --------------------------------------------------------------------
City and country of registered
office (if applicable)
---------------------------------------------- --------------------------------------------------------------------
5. Date on which the threshold 17/04/2018
was crossed or reached(vi)
:
---------------------------------------------- --------------------------------------------------------------------
6. Date on which issuer notified 18/04/2018
(DD/MM/YYYY):
---------------------------------------------- --------------------------------------------------------------------
7. Total positions of person(s) subject to the notification
obligation
--------------------------------------------------------------------------------------------------------------------
% of voting rights % of voting rights Total of both in % Total number
attached to shares through financial (8.A + 8.B) of voting rights
(total of 8. A) instruments of issuer(vii)
(total of 8.B 1 + 8.B
2)
---------------------- ---------------------- ----------------------- ----------------------- ------------------
Resulting situation
on the date on
which threshold
was crossed or
reached 28.23 2.36 30.6 698,165,540
---------------------- ---------------------- ----------------------- ----------------------- ------------------
Position of previous
notification
(if
applicable) 27.18 2.4 29.58
---------------------- ---------------------- ----------------------- ----------------------- ------------------
8. Notified details of the resulting situation on the
date on which the threshold was crossed or reached(viii)
--------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
--------------------------------------------------------------------------------------------------------------
Class/type Number of voting rights(ix) % of voting rights
of
shares
ISIN code
(if possible)
----------------------
Direct Indirect Direct Indirect
(Art 9 of (Art 10 of (Art 9 of (Art 10 of
Directive Directive Directive Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
--------------------- --------------------- -------------- ------------------------------ ---------------
GB00B647W791 197,151,478 28.23
---------------------- --------------------- -------------- ------------------------------ ---------------
SUBTOTAL
8. A 197,151,478 28.23
---------------------- ------------------------------------- -----------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a)
of Directive 2004/109/EC (DTR5.3.1.1 (a))
--------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date(x) Conversion rights that rights
Period(xi) may be acquired
if the instrument
is
exercised/converted.
---------------------- --------------------- -------------- ------------------------------ ---------------
Warrants
over Ordinary At any time
Shares with prior to the
a 6p exercise expiration
price 14/07/2020 date 4,952,381 0.71%
---------------------- --------------------- -------------- ------------------------------ ---------------
Warrants
over Ordinary At any time
Shares with prior to the
a 6p exercise expiration
price 25/10/2020 date 11,564,286 1.65%
---------------------- --------------------- -------------- ------------------------------ ---------------
SUBTOTAL 8.
B 1 16,516,667 2.36%
-------------- ------------------------------ ---------------
B 2: Financial Instruments with similar economic effect
according to Art. 13(1)(b) of Directive 2004/109/EC
(DTR5.3.1.1 (b))
--------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Physical Number % of voting
financial date(x) Conversion or cash of voting rights
instrument Period settlement(xii) rights
(xi)
--------------------- ---------------------- -------------- ----------------- ----------- ---------------
SUBTOTAL
8.B.2
----------------- ----------- ---------------
9. Information in relation to the person subject to the notification obligation (please mark
the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural
person or legal
entity and does not control any other undertaking(s) holding directly or
indirectly an interest
in the (underlying) issuer(xiii)
Full chain of controlled undertakings through which the voting rights and/or the X
financial instruments are effectively held starting with the ultimate controlling
natural
person or legal entity(xiv) (please add additional rows as necessary)
---------------------------------------------------------------------------------- ----------------------------------
Name(xv) % of voting rights if it equals % of voting rights through Total of both if it equals or is
or is higher than the notifiable financial instruments if it higher than the notifiable
threshold equals or is higher than the threshold
notifiable
threshold
--------- ---------------------------------- --------------------------------- ------------------------------------
10. In case of proxy voting, please identify:
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Name of the proxy holder
--------------------------------------------- -----------------------------------------------------------------------
The number and % of voting rights held
--------------------------------------------- -----------------------------------------------------------------------
The date until which the voting rights will
be held
--------------------------------------------- -----------------------------------------------------------------------
11. Additional information(xvi)
----------------------------------------------------------------------------------------------------------------------
The conditions of the warrants referred to in 8B1 to this form stipulate that the warrants
cannot be exercised where such exercise would trigger a requirement to make a mandatory offer
under The City Code on Takeovers and Mergers.
----------------------------------------------------------------------------------------------------------------------
Place of completion Geneva
-------------------- -----------
Date of completion 18/04/2018
-------------------- -----------
NOTIFICATION OF TRANSACTION BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1: Details of the person discharging managerial
responsibilities/persons closely associated
-------------------------------------------------------------------------------
a) Name Al Marjan Limited
--- ------------------------------------ ------------------------------------
2: Reason for the notification
-------------------------------------------------------------------------------
a) Position/Status Person closely associated with
PDMRS: Maqbool Ali Sultan, Imad
Kamal Abdul Redha Sultan, Murtadha
Ahmed Sultan
--- ------------------------------------ ------------------------------------
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 Ordinary shares of GBP0.055 each
of the financial par value GBP0.01 each
instrument,
type of instrument
(ISIN) GB00B647W791
Identification
Code
--- ------------------------------------ ------------------------------------
b) Nature of the Share placement
transaction
--- ------------------------------------ ------------------------------------
Price(s) and Price(s) Volume(s)
volume(s) ---------- -----------
GBP0.055 10,272,728
---------- -----------
--- ------------------------------------ ------------------------------------
Aggregate information N/A
* Aggregated volume
* Price
--- ------------------------------------ ------------------------------------
Date of the 17 April 2018
transaction
--- ------------------------------------ ------------------------------------
Place of the Outside a trading venue
transaction
--- ------------------------------------ ------------------------------------
**ENDS**
For further information please visit www.savannahresources.com
or contact:
David Archer Savannah Resources Tel: +44 20
plc 7117 2489
David Hignell / Dugald Northland Capital Tel: +44 20
J. Carlean (Nominated Partners Ltd 3861 6625
Adviser)
Christopher Raggett finnCap Ltd Tel: +44 20
/ Emily Morris (Broker) 7220 0500
Charlotte Page / St Brides Partners Tel: +44 20
Lottie Wadham Ltd 7236 1177
(Financial PR)
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".
This information is provided by RNS
The company news service from the London Stock Exchange
END
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