RNS Number : 4285N
Savannah Resources PLC
18 June 2025
18 June 2025
Savannah Resources Plc
(AIM: SAV) ('Savannah', or the 'Company')
PDMR Notification
Savannah Resources plc, the European lithium development company, has been informed that Mr Bruce John Griffin, Non-Executive Director, transferred 1,110,572 ordinary shares (representing 0.05% of the issued share capital of the Company) held by Farview Solutions Limited (a company which Bruce Griffin and his wife are the 100% owners) into a personal account held by Bruce Griffin and his wife (the "Transfer"). There has been no change in beneficial holding or ownership (being Mr Griffin and his spouse) as a result of the Transfer.
Savannah - Enabling Europe's energy transition.
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For further information please visit www.savannahresources.com or contact:
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Savannah Resources PLC Emanuel Proença, CEO
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Tel: 44 20 7117 2489
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SP Angel Corporate Finance LLP (Nominated Advisor & Joint Broker) David Hignell/ Charlie Bouverat (Corporate Finance) Grant Barker/Abigail Wayne (Sales & Broking)
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Tel: 44 20 3470 0470
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Canaccord Genuity Limited (Joint Broker) James Asensio / Charlie Hammond (Corporate Broking) Ben Knott (Sales)
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Portugal Media Relations António Neves Costa (Communications Manager) |
Tel: 351 962 678 912 |
About Savannah
Savannah Resources is a mineral resource development company and the sole owner of the Barroso Lithium Project (the 'Project') in northern Portugal. The Project is the largest battery-grade spodumene lithium resource outlined to date in Europe and was classified as a 'Strategic Project' by the European Commission under the Critical Raw Materials Act in March 2025.
Through the Project, Savannah will help Portugal to play an important role in providing a long-term, locally sourced, lithium raw material supply for Europe's lithium battery value chain. Once in operation, the Project will produce enough lithium (contained in c.190,000tpa of spodumene concentrate) for approximately half a million vehicle battery packs per year and hence make a significant contribution towards the European Commission's Critical Raw Material Act goal of a minimum 10% of European endogenous lithium production from 2030. Savannah is focused on the responsible development and operation of the Barroso Lithium Project so that its impact on the environment is minimised and the socio-economic benefits that it can bring to all its stakeholders are maximised.
The Company is listed and regulated on the AIM Market of the London Stock Exchange and trades under the ticker "SAV".
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
Bruce John Griffin |
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2. |
Reason for the notification |
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a) |
Position/status: |
Non-Executive Director |
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b) |
Initial notification/Amendment: |
Amendment |
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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 1 pence each in the Company ("Ordinary Shares") ISIN:GB00B647W791 |
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b) |
Nature of the transaction: |
Transfer of Ordinary Shares from Farview Solutions Limited into a personal account |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: Aggregated volume: Price: |
N/A |
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e) |
Date of the transaction: |
5 June 2025 |
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f) |
Place of the transaction: |
London Stock Exchange |
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**ENDS**
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