Director/PDMR Shareholding

RNS Number : 5824R

Savannah Resources PLC

06 July 2022

 

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:

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Christopher Michael McGarty
2.	Reason for the notification
a)	Position/status:	CFO
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 £0.01 each ISIN: GB00B647W791
b)	Nature of the transaction:	Purchase of Ordinary Shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 2.333 pence 214,316
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above
e)	Date of the transaction:	6 July 2022
f)	Place of the transaction:	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 Dale Ferguson, CEO	Tel: [phone]
SP Angel Corporate Finance LLP (Nominated Advisor) David Hignell / Charlie Bouverat	Tel: [phone]
finnCap Ltd (Joint Broker) Christopher Raggett/ Tim Redfern	Tel: [phone]
RBC Capital Markets (Joint Broker) Farid Dadashev/ Jamil Miah	Tel: [phone]
WH Ireland Limited (Joint Broker) Jessica Cave/ Ben Good/ Darshan Patel (Corporate Finance) Aimee McCusker (Corporate Broking)	Tel: [phone]
Camarco (Financial PR) Gordon Poole/ Emily Hall	Tel: [phone]

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).

 

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