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RNS Number : 9376H
Savannah Resources PLC
13 June 2017
 

 

For filings with the FCA include the annex


For filings with issuer exclude the annex



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: ii

Savannah Resources Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights


An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached


An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments


An event changing the breakdown of voting rights

X

Other (please specify):



3. Full name of person(s) subject to the
notification obligation: iii

David Stuart Archer

4. Full name of shareholder(s)
 (if different from 3.):iv


5. Date of the transaction and date on
which the threshold is crossed or
reached: v

31/05/2017

6. Date on which issuer notified:

 

 

01/06/2016

 

 

7. Threshold(s) that is/are crossed or
reached: vi, vii

8%


 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

 

 

25,931,251

25,931,251

25,931,251

25,931,251


4.85%


GB00B647W791


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date xiii

Exercise/
Conversion Period xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

Warrant over Ordinary Shares with a 3p exercise price

19/07/2018

At any point prior to the expiration date

11,111,112

2.04%

Options over Ordinary Share with a 7.59p exercise price

28/02/2021

At any point prior to the expiration date

7,000,000

1.29%


C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 





 

 

Nominal

Delta




Total (A B C)

Number of voting rights

Percentage of voting rights

44,042,363

7.61%

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

 

 


Proxy Voting:

10. Name of the proxy holder:


11. Number of voting rights proxy holder will cease
to hold:


12. Date on which proxy holder will cease to hold
voting rights:




13. Additional information:

The percentage of David Archer's total voting rights in sections A and B are calculated on a fully diluted basis. David Archer has not reduced his shareholding, and this notification is as a result of a subsequent dilution of David Archer's total voting rights based on Savannah's recent issue of 20,000,000 ordinary shares in respect of the purchase of mining assets in Portugal.

14. Contact name:

David Archer

15. Contact telephone number:

44 207 117 2489

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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