TIDMSAV

RNS Number : 3652D

Savannah Resources PLC

28 June 2021

28 June 2021

Savannah Resources Plc

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

PDMR Notification

Savannah, the resource development company focused on becoming Europe's most significant producer of spodumene lithium concentrate from its Mina do Barroso Project in Portugal, has been informed that, David Archer, CEO and Director, acquired a total of 250,000 Ordinary Shares of GBP0.01 each in the Company ("Ordinary Shares") at a price of 3.57 pence per Ordinary Share.

Following this acquisition, Mr. Archer has a total beneficial interest in 40,656,649 Ordinary Shares, representing 2.41% 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:                                      David Stuart Archer 
     -----------------------------------------  ------------------------------ 
 2.   Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status:                           CEO, 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 transaction:                 Purchase of Ordinary Shares 
     -----------------------------------------  ------------------------------ 
 c)           Price(s) and volume(s):                Price(s)      Volume(s) 
                                                    3.57 pence         250,000 
                                                                 ------------- 
     -----------------------------------------  ------------------------------ 
 d)   Aggregated information: 
       Aggregated volume:                          Single transaction as 
       Price:                                      in 4 c) above 
     -----------------------------------------  ------------------------------ 
 e)   Date of the transaction:                   28 June 2021 
     -----------------------------------------  ------------------------------ 
 f)   Place of the transaction:                  London Stock Exchange 
     -----------------------------------------  ------------------------------ 
 

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").

**ENDS**

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

 
Savannah Resources PLC                     Tel: +44 20 7117 2489 
 David Archer, CEO 
SP Angel Corporate Finance LLP (Nominated  Tel: +44 20 3470 0470 
 Advisor) 
 David Hignell / Charlie Bouverat 
finnCap Ltd (Joint Broker)                 Tel: +44 20 7220 0500 
 Christopher Raggett/ Tim Redfern 
WH Ireland Limited (Joint Broker)          Tel: +44 20 7220 1698 
 Jessica Cave / Matthew Chan (Corporate 
 Finance) 
 Adam Pollock (Corporate Broking) 
Camarco (Financial PR)                     Tel: +44 20 3757 4980 
 Nick Hennis / Gordon Poole 
 

About Savannah

Savannah is a diversified resources group (AIM: SAV) with two development stage projects, Mina do Barroso, a hardrock lithium project in Portugal which has the largest spodumene lithium resource in Europe, and the world-class Mutamba Heavy Mineral Sands Project in Mozambique, which is being developed in a consortium with the global major, Rio Tinto. The Board is committed to serving the interests of its shareholders and to delivering outcomes that will improve the lives of the communities we work with and our staff.

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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June 28, 2021 10:00 ET (14:00 GMT)

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