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Savannah Resources (SAV)

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Friday 21 January, 2022

Savannah Resources

PDMR Notification

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

David Archer, CEO

 

 

Tel: +44 20 7117 2489

 

SP Angel Corporate Finance LLP (Nominated Advisor)

David Hignell / Charlie Bouverat

 

 

Tel: +44 20 3470 0470

 

 

finnCap Ltd (Joint Broker)

Christopher Raggett/ Tim Redfern

 

 

Tel: +44 20 7220 0500

 

WH Ireland Limited (Joint Broker)

Jessica Cave / Ben Good (Corporate Finance)

Adam Pollock (Corporate Broking)

 

Tel: +44 20 7220 1666

 

 

 

Camarco (Financial PR)

Gordon Poole/ Emily Hall 

Tel: +44 20 3757 4980

 



 

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:

Identification code:

 

Ordinary Shares of 1 pence 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) £ 0.0430 pence

 

150,000

 

d)

Aggregated information:

Aggregated volume:

Price:

 

N/A

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:

Identification code:

 

Ordinary Shares of 1 pence 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) £ 0.0430 pence

(ii) £ 0.0450 pence

(iii) £ 0.0470 pence

(iv) £ 0.0500 pence

(v) £ 0.0510 pence

(vi) £ 0.0520 pence

(vii) £ 0.0530 pence

 

33,115

 

17,187

 

34,168

 

32,399

 

15,658

 

3,973

 

13,500

d)

Aggregated information:

Aggregated volume:

Price:

 

150,000

£ 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

 

 

**ENDS**

 

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