Savannah Resources PLC Non-Executive Director Dealings (3007Q)

TIDMSAV

RNS Number : 3007Q

Savannah Resources PLC

17 October 2023

Savannah Resources Plc

(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah,' or the 'Company')

Non-Executive Director Dealings

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. Bruce Griffin, (Non-Executive Director) via his Company, Farview Solutions Limited, acquired a total of 110,572 Ordinary Shares of GBP0.01 each in the Company ("Ordinary Shares"), at an average price of 3.26176 pence per Ordinary Share, totalling GBP3,606.59.

Following this acquisition, Mr. Griffin has a total beneficial interest in 110,572 Ordinary Shares, representing 0.01% 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:                                      Bruce Griffin 
     -----------------------------------------  --------------------------------- 
 2.   Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status:                           Non-Executive Director 
     -----------------------------------------  --------------------------------- 
 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 GBP0.01 
       Identification code:                        each 
                                                   ISIN: GB00B647W791 
     -----------------------------------------  --------------------------------- 
 b)   Nature of the transactions:                Purchase of Ordinary Shares 
     -----------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s):                      Price(s)          Volume(s) 
                                                    1. 2.900 pence    1. 10,572 
                                                     2. 3.300 pence    2. 100,000 
                                                                     ------------ 
     -----------------------------------------  --------------------------------- 
 d)   Aggregated information:                     110,572 
       Aggregated volume:                          3.26176 pence average 
       Price: 
     -----------------------------------------  --------------------------------- 
 e)   Date of the transactions:                       1. 12 October 2023 
                                                       2. 16 October 2023 
     -----------------------------------------  --------------------------------- 
 f)   Place of the transactions:                 London Stock Exchange 
     -----------------------------------------  ---------------------------------

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**

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For further information please visit www.savannahresources.com or contact:

 
Savannah Resources PLC                         Tel: +44 20 7117 2489 
 Emanuel Proença, 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 Resources is a mineral resource development company and sole owner of the Barroso Lithium Project in northern Portugal.

Savannah is focused on the responsible development and operation of the Barroso Lithium Project so that its impact on the environment is minimised and the socio-economic benefits that it can bring to all its stakeholders are maximised. Through the Barroso Lithium Project, Savannah can help Portugal to play an important role in providing a long-term, locally sourced, lithium raw material supply for Europe's rapidly developing lithium battery value chain. Production is targeted to begin in 2026, producing enough lithium for 0.5m vehicle battery packs per year.

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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October 17, 2023 02:00 ET (06:00 GMT)

Savannah Resources (AQSE:SAV.GB)
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