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On 6 July 2022, Savannah Resources Plc CFO, Mr Michael McGarty, acquired 214,316 Ordinary Shares in the Company. These shares were purchased on the London Stock Exchange at an average price of 2.333 pence per Ordinary Share, totalling £4,999.99. Following this acquisition, Mr McGarty holds a total beneficial interest of 1,222,054 Ordinary Shares, representing 0.07% of the Company's issued share capital.
| Date | 6 Jul 2022 |
| Time | 16:45:05 |
| Category | Director/PDMR dealings |
| ID | 5824R |
6 July 2022
Savannah Resources Plc
(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah,' 'Company,' 'Proponent')
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 Michael McGarty, CFO, aquired a total of 214,316 Ordinary Shares of £0.01 each in the Company ("Ordinary Shares") at an average price of 2.333 pence per Ordinary Share, totalling £4,999,99.
Following this acquisition Mr McGarty has a total beneficial interest in 1,222,054 Ordinary Shares, representing 0.07% of the Company's issued shared capital.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
Christopher Michael McGarty |
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2. |
Reason for the notification |
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a) |
Position/status: |
CFO |
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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 |
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a) |
Name: |
Savannah Resources Plc |
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b) |
LEI: |
213800UCK16HW5KKGP60 |
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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. |
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a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary Shares of £0.01 each ISIN:GB00B647W791 |
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b) |
Nature of the transaction: |
Purchase of Ordinary Shares |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above |
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e) |
Date of the transaction: |
6 July 2022 |
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f) |
Place of the transaction: |
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:
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Savannah Resources PLC Dale Ferguson, CEO
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Tel: +44 20 7117 2489
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SP Angel Corporate Finance LLP (Nominated Advisor) David Hignell / Charlie Bouverat
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Tel: +44 20 3470 0470
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finnCap Ltd (Joint Broker) Christopher Raggett/ Tim Redfern
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Tel: +44 20 7220 0500
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RBC Capital Markets (Joint Broker) Farid Dadashev/ Jamil Miah
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Tel: +44 (0) 20 7653 4000 |
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WH Ireland Limited (Joint Broker) Jessica Cave/ Ben Good/ Darshan Patel (Corporate Finance) Aimee McCusker (Corporate Broking)
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Tel: +44 20 7220 1666
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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 licensing 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 the London Stock Exchange's Alternative Investment Market (AIM: SAV). The Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB: SAV), and the Börse Stuttgart (SWB: SAV).