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Savannah Resources Plc issued 1,300,000 new ordinary shares of £0.01 each on 26 May 2026, following the exercise of share options by Chief Financial Officer Henrique Freire and another employee under the Company's Equity Incentive Plan. Of these, Henrique Freire exercised options for 900,000 shares at 1.0 pence each on 22 May 2026, with admission to trading on AIM expected for 29 May 2026, after which the Company will have 2,575,449,699 ordinary shares in issue.
| Date | 26 May 2026 |
| Time | 07:00:13 |
| Category | Capital structure |
| ID | 5440F |
26 May 2026
Savannah Resources Plc
(AIM: SAV) ('Savannah', or the 'Company')
Exercise of Share Options
Savannah Resources Plc, the developer of the Barroso Lithium Project in Portugal (the 'Project'), a 'Strategic Project' under the European Critical Raw Materials Act and Europe's largest spodumene lithium deposit confirms that it has issued, conditional on admission, a total of 1,300,000 new ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares"), following the exercise of share options by Henrique Freire, the Company's Chief Financial Officer and another employee under the Company's Equity Incentive Plan.
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue and application has been made for the new Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange ("Admission"). Admission is expected to occur, and dealings in the new Ordinary Shares commence, at 8:00 a.m. on 29 May 2026.
Total Voting Rights
Following Admission, the Company will have 2,575,449,699 Ordinary Shares in issue. This figure of 2,575,449,699 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
PDMR Notification
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 |
Henrique Freire
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Financial Officer
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b)
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Initial notification /Amendment |
Initial notification |
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3
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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
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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)
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Description of the financial instrument, type of instrument Identification code |
Exercise of nominal cost Options of 1.0 pence
ISIN: GB00B647W791 |
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b) |
Nature of the transaction |
Exercise of options of 1.0 pence each in respect of the STIP component of the Company's Equity Incentive Plan
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information
Aggregated volume
Price |
900,000
1.0 pence
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e) |
Date of the transaction(s) |
22 May 2026 |
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f) |
Place of the transaction |
Off-market transaction |
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Savannah - Enabling Europe's energy transition.
**ENDS**
Follow @SavannahRes on X (Formerly known as Twitter)
Follow Savannah Resources on LinkedIn
For further information please visit www.savannahresources.com or contact:
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Savannah Resources PLC Emanuel Proença, CEO
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Tel: +351 963 850 959
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SP Angel Corporate Finance LLP (Nominated Advisor & Joint Broker) David Hignell / Charlie Bouverat (Corporate Finance) Grant Barker /Abigail Wayne (Sales & Broking)
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Tel: +44 20 3470 0470
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Canaccord Genuity Limited (Joint Broker) James Asensio / Rory Blundell / Charlie Hammond (Corporate Broking) Ben Knott (Sales)
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Portugal Media Relations António Neves Costa (Communications Manager) |
Tel: +351 962 678 912 |
About Savannah
Savannah Resources is a mineral resource development company and the sole owner of the Barroso Lithium Project (the 'Project') in northern Portugal. The Project is the largest battery grade spodumene lithium resource outlined to date in Europe and was classified as a 'Strategic Project' by the European Commission under the Critical Raw Materials Act in March 2025 and was approved for a Portuguese State development Grant of up to €110m in January 2026.
Through the Project, Savannah will help Portugal to play an important role in providing a long-term, locally sourced, lithium raw material supply for Europe's lithium battery value chain. Once in operation the Project will produce enough lithium (contained in c.190,000tpa of spodumene concentrate) for approximately half a million vehicle battery packs per year and hence make a significant contribution towards the European Commission's Critical Raw Material Act goal of a minimum 10% of European endogenous lithium production from 2030.
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.
The Company is listed and regulated on the AIM Market of the London Stock Exchange and trades under the ticker "SAV".