Savannah Resources PLC Exercise of Options and PDMR Notification (7270Y)
03 1월 2020 - 9:30PM
UK Regulatory
TIDMSAV
RNS Number : 7270Y
Savannah Resources PLC
03 January 2020
3 January 2020
Savannah Resources Plc
Exercise of Options and PDMR Notification
Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV)
('Savannah' or the 'Company'), the AIM quoted resource development
company announces that it has issued 1,500,000 ordinary shares in
the Company of par value GBP0.01 ('Ordinary Shares') following the
exercise of options ('Options') over Ordinary Shares as summarised
below.
The Options have been exercised by Matthew King, the Company's
Chairman, who is considered to be a person discharging managerial
responsibilities for the purpose of the EU Market Abuse Regulation
(Regulation (EU) No. 596/2014).
Mr. King has exercised Options over 1,500,000 Ordinary Shares at
GBP0.0276 each, totalling GBP41,400 cash. Following the exercise of
these Options Mr King will be the beneficial holder of 2,604,028
Ordinary Shares in the Company, representing 0.2% of the Company's
issued share capital with voting rights.
Admission and Total Voting Rights
Pursuant to the exercise of the Options, application will be
made for 1,500,000 new Ordinary Shares, which will rank pari passu
with existing Ordinary Shares, to be admitted to AIM ('Admission').
It is expected that Admission will become effective and dealings
will commence at 8:00am on or around 9 January 2020.
Following Admission, the total issued share capital of the
Company will consist of 1,298,959,820 Ordinary Shares. As such, the
total number of voting rights in the Company will be 1,298,959,820
Ordinary Shares. This number may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest, or a change to their
interest in, the Company under the FCA's Disclosure and
Transparency Rules.
Regulatory Information
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
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 Matthew King
------------------------- -------------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Chairman
------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- -------------------------------------
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 Ordinary Shares of GBP0.01 each
of the financial
instrument,
type of instrument ISIN: GB00B647W791
Identification
code
------------------------- -------------------------------------
b) Nature of Exercise of warrants
the transaction
------------------------- -------------------------------------
c) Price(s) and No. of options Exercise price
volume(s) exercised
1,500,000 GBP0.0276
------------------------- -------------------------------------
d) Aggregated N/A
information
- Aggregated
volume
- Price
------------------------- -------------------------------------
e) Date of the 3 January 2020
transaction
------------------------- -------------------------------------
f) Place of the Issuer allotment
transaction
------------------------- -------------------------------------
**ENDS**
For further information please visit www.savannahresources.com
or contact:
David Archer Savannah Resources Tel: +44 20 7117 2489
plc
David Hignell / Charlie SP Angel Corporate Tel: +44 20 3470 0470
Bouverat (Nominated Adviser) Finance LLP
Christopher Raggett (Joint finnCap Ltd Tel: +44 20 7220 0500
Broker)
Grant Barker (Joint Broker) Whitman Howard Tel: +44 20 7659 1225
Charlotte Page / Cosima St Brides Partners Tel: +44 20 7236 1177
Akerman (Financial PR) Ltd
About Savannah
Savannah is 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. 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".
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCEAAFDEASEEFA
(END) Dow Jones Newswires
January 03, 2020 07:30 ET (12:30 GMT)
Savannah Resources (AQSE:SAV.GB)
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부터 6월(6) 2024 으로 7월(7) 2024
Savannah Resources (AQSE:SAV.GB)
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부터 7월(7) 2023 으로 7월(7) 2024
