Source - LSE Regulatory
RNS Number : 0553U
Savannah Resources PLC
21 November 2023


21 November 2023


Savannah Resources Plc

(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah,' or the 'Company')


Director and PDMR Dealings


Savannah, the resource development company focused on becoming Europe's most significant producer of spodumene lithium concentrate from its Barroso Lithium Project (the 'Project') in Portugal, has been informed that, on 17 November 2023 the Company Directors and Executives listed below made the following purchases of Ordinary Shares of £0.01 each in the Company ("Shares"):


·    Mr Matthew King, Chairman, acquired a total of 166,667 Shares at a price of 2.444 pence per Share, totaling £4,073.34;

·    Mr. Emanuel Proença, Chief Executive Officer, acquired a total of 200,000 Shares at an average price of 2.43835 pence per Share, totaling £4,876.70; and

·    Mr James Leahy, Non-Executive Director, acquired a total of 210,000 Shares at a price of 2.428 pence per Share, totaling £5,098.80.


Following these acquisitions, the individuals listed above have total beneficial interests in Savannah's Shares, with voting rights, as follows:


·    Mr King: 3,564,394, representing 0.19% of the Company's issued share capital;

·    Mr Proença: 725,000, representing 0.04% of the Company's issued share capital; and

·    Mr Leahy: 1,682,955, representing 0.09% of the Company's issued share capital.


Additionally, other members of Savannah's Portuguese and HQ Team acquired 545,269 Shares on the 17 November 2023 for an aggregate consideration of £13,160.





Details of the person discharging managerial responsibilities/person closely associated



1.    Matthew King

2.    Emanuel Proença

3.    James Leahy


Reason for the notification



1.    Chairman

2.    CEO

3.    Non-Executive Director


Initial notification/Amendment:

Initial notification


Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor



Savannah Resources Plc





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.


Description of the financial instrument, type of instrument:

Identification code:


Ordinary Shares of £0.01 each



Nature of the transactions:

Purchase of Ordinary Shares


Price(s) and volume(s):



1. 2.4440 pence

2.1 2.4440 pence

2.2 2.4440 pence

2.3 2.3800 pence

3. 2.4280 pence  

1. 166,667

2.1 150,000

2.2 44,504

2.3 5,496

3. 210,000


Aggregated information:

Aggregated volume:


2.1 / 2.2 / 2.3


2.43835 pence average


Date of the transactions:

1. 17 November 2023

2. 17 November 2023

3. 17 November 2023


Place of the transactions:

London Stock Exchange


Regulatory Information

This Announcement contains inside information for the purposes of the UK version of the market abuse regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").


Savannah - Enabling Europe's energy transition.



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For further information please visit or contact:


Savannah Resources PLC

Emanuel Proença, CEO



Tel: +44 20 7117 2489


SP Angel Corporate Finance LLP (Nominated Advisor & Joint Broker)

David Hignell/ Charlie Bouverat (Corporate Finance)

Grant Barker/Abigail Wayne (Sales & Broking)



Tel: +44 20 3470 0470



SCP Resource Finance (Joint Broker)

Tel: +44 204 548 1765

Filipe Martins/Chris Tonkin




Camarco (Financial PR)

Gordon Poole/ Emily Hall / Fergus Young

Tel: +44 20 3757 4980



LPM (Portugal Media Relations)

Herminio Santos/ Jorge Coelho

Tel: +351 218 508 110


About Savannah


Savannah Resources is a mineral resource development company and the sole owner of the Barroso Lithium Project in northern Portugal, the largest spodumene lithium resource outlined to date in Europe.


Through the Barroso Lithium Project (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 rapidly developing lithium battery value chain. After the Environmental Licence was granted in May 2023 and the Scoping Study confirmed the economic potential of the Project in June 2023, production is now targeted and on track to begin in 2026. At that stage, Savannah will start producing enough lithium for approximately half a million vehicle battery packs per year, equal to a significant portion of the European Commission's Critical Raw Material Act goal of a minimum 10% of European endogenous lithium production set for 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 London Stock Exchange's Alternative Investment Market (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".

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