Change of Registered Office & Holdings in Company

 

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 £0.565 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 or the underlying issuer of existing shares to which voting rights are attachedii:			Savannah Resources Plc
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 obligationiv
Name			Al Marjan Limited
City and country of registered office (if applicable)			Cayman Islands
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 was crossed or reachedvi:			17/04/2018
6. Date on which issuer notified (DD/MM/YYYY):			18/04/2018
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
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 reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (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 instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
Warrants over Ordinary Shares with a 6p exercise price		14/07/2020	At any time prior to the expiration date			4,952,381			0.71%
Warrants over Ordinary Shares with a 6p exercise price		25/10/2020	At any time prior to the expiration 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 financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
					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) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				X
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
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 of the financial instrument, type of instrument   Identification Code	Ordinary shares of £0.055 each par value £0.01 each     (ISIN) GB00B647W791
b)	Nature of the transaction	Share placement
	Price(s) and volume(s)	Price(s) Volume(s) £0.055 10,272,728
	Aggregate information -     Aggregated volume -     Price	N/A
	Date of the transaction	17 April 2018
	Place of the transaction	Outside a trading venue

 

 

**ENDS**

 

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

 

David Archer	Savannah Resources plc	Tel: +44 20 7117 2489
David Hignell / Dugald J. Carlean (Nominated Adviser)	Northland Capital Partners Ltd	Tel: +44 20 3861 6625
Christopher Raggett / Emily Morris (Broker)	finnCap Ltd	Tel: +44 20 7220 0500
Charlotte Page / Lottie Wadham (Financial PR)	St Brides Partners Ltd	Tel: +44 20 7236 1177

 

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".