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
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: |
Savannah Resources Plc |
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1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) |
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Non-UK issuer |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify)iii: |
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3. Details of person subject to the notification obligationiv |
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Name |
Al Marjan Limited |
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City and country of registered office (if applicable) |
Cayman Islands |
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4. Full name of shareholder(s) (if different from 3.)v |
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Name |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reachedvi: |
17/04/2018 |
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6. Date on which issuer notified (DD/MM/YYYY): |
18/04/2018 |
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7. Total positions of person(s) subject to the notification obligation |
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% of voting rights attached to shares (total of 8. A) |
% of voting rights through financial instruments |
Total of both in % (8.A 8.B) |
Total number of voting rights of issuervii |
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Resulting situation on the date on which threshold was crossed or reached |
28.23 |
2.36 |
30.6 |
698,165,540 |
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Position of previous notification (if applicable) |
27.18 |
2.4 |
29.58 |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii |
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A: Voting rights attached to shares |
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Class/type of ISIN code (if possible) |
Number of voting rightsix |
% of voting rights |
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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) |
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GB00B647W791 |
197,151,478 |
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28.23 |
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SUBTOTAL 8. A |
197,151,478 |
28.23 |
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) |
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Type of financial instrument |
Expiration |
Exercise/ |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights |
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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% |
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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% |
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SUBTOTAL 8. B 1 |
16,516,667 |
2.36% |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) |
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Type of financial instrument |
Expiration |
Exercise/ |
Physical or cash settlementxii |
Number of voting rights |
% of voting rights |
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SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") |
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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 |
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Full chain of controlled undertakings through which the voting rights and/or the |
X |
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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 |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional informationxvi |
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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. |
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Place of completion |
Geneva |
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Date of completion |
18/04/2018 |
NOTIFICATION OF TRANSACTION BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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1: Details of the person discharging managerial responsibilities/persons closely associated
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a) |
Name |
Al Marjan Limited
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2: Reason for the notification
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a) |
Position/Status |
Person closely associated with PDMRS: Maqbool Ali Sultan, Imad Kamal Abdul Redha Sultan, Murtadha Ahmed Sultan
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b) |
Initial Notification/Amendment |
Initial notification |
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3: 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: 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) |
Description of the financial instrument, type of instrument
Identification Code |
Ordinary shares of £0.055 each par value £0.01 each
(ISIN) GB00B647W791 |
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b) |
Nature of the transaction |
Share placement
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Price(s) and volume(s) |
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Aggregate information - Aggregated volume - Price
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N/A |
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Date of the transaction |
17 April 2018
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Place of the transaction |
Outside a trading venue
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**ENDS**
For further information please visit www.savannahresources.com or contact:
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David Archer |
Savannah Resources plc |
Tel: 44 20 7117 2489 |
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David Hignell / Dugald J. Carlean (Nominated Adviser) |
Northland Capital Partners Ltd |
Tel: 44 20 3861 6625 |
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Christopher Raggett / Emily Morris (Broker) |
finnCap Ltd |
Tel: 44 20 7220 0500 |
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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".
This information is provided by RNS