TIDMSAV

RNS Number : 9374H

Savannah Resources PLC

13 June 2017

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                  Savannah Resources Plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-----------------------------------------------------------  ------------------------ 
 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)                                              Al Marjan Ltd 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------------ 
 5. Date of the transaction                                                31/05/2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------ 
 6. Date on which issuer 
  notified:                                                                01/06/2016 
-----------------------------------------------------------  ------------------------ 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                              29% 
-----------------------------------------------------------  ------------------------ 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                Resulting situation after the 
  of             to the triggering                 triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  --------------------------------  --------------------------------------------------------------------- 
                Number            Number          Number          Number of voting              % of voting 
                 of                of              of shares       rights                        rights (x) 
                 Shares            Voting 
                                   Rights 
-------------  ----------------  --------------  --------------  ----------------------------  ----------------------- 
                                                  Direct          Direct (xi)     Indirect      Direct      Indirect 
                                                                                   (xii) 
-------------      ------------    ------------  --------------  --------------  ------------  ----------  ----------- 
 
 GB00B647W791   153,845,417       153,845,417     153,845,417     153,845,417                   28.78% 
-------------  ----------------  --------------  --------------  --------------  ------------  ----------  ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration      Exercise/                       Number of voting              % of voting 
 financial           date            Conversion                      rights that                   rights 
 instrument          (xiii)          Period (xiv)                    may be 
                                                                     acquired if 
                                                                     the 
                                                                     instrument 
                                                                     is 
                                                                     exercised/ 
                                                                     converted. 
-----------------  --------------  ------------------------------  ----------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise        Expiration      Exercise/       Number of voting              % of voting 
 financial         price          date (xvii)     Conversion       rights instrument             rights (xix, 
 instrument                                       period           refers to                     xx) 
                                                  (xviii) 
---------------  --------------  --------------  --------------  ----------------------------  ----------------------- 
                                                                                                Nominal       Delta 
---------------  --------------  --------------  --------------  ----------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                            Percentage of voting rights 
-------------------------------------------------  ------------------------------------------------------------------- 
 153,845,417                                        28.78% 
-------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 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: 
-------------------------------------------------------------  ------------------------------------ 
 
                                                                The percentage of Al Marjan 
  13. Additional information:                                   Limited's total voting rights 
                                                                in sections A and B are calculated 
                                                                on a fully diluted basis. 
                                                                Al Marjan Limited has not 
                                                                reduced its shareholding, 
                                                                and this notification is 
                                                                as a result of a subsequent 
                                                                dilution of Al Marjan Limited'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:                                                                      Paul McRory 
-------------------------------------------------------------  ------------------------------------ 
 15. Contact telephone number:                                                       +41 22888 0624 
-------------------------------------------------------------  ------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 13, 2017 05:30 ET (09:30 GMT)

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