SAVANNAH RESOURCES PLC

Remuneration Information • Aug 13, 2018

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RNS Number : 6582X

Savannah Resources PLC

13 August 2018

13 August 2018                 

Savannah Resources Plc

Grant of Warrants

PDMR Notification

Savannah Resources plc (AIM: SAV and SWB: SAV) ('Savannah' or the 'Company), the AIM quoted resource development company, announces that it has granted 343,432 warrants (the 'Warrants') over ordinary shares of par value £0.01 in the Company ('Ordinary Shares') to a financial advisor of the Company as payment for services rendered in connection with Savannah's recent fundraise announced on 5 July 2018. The Warrants have an exercise price of 11.25p and an exercise period limit of three years, vesting immediately. The exercise price represents a premium of 25% to the placing price as per the Company's 5 July 2018 announcement.

Further, the Company advises of the sale of Ordinary Shares by a PDMR as set out below:

PDMR	Number of Ordinary Shares Sold	Price Per Ordinary Share	Percentage Beneficial Holding in the Company
Dale Ferguson	2,000,000	8.5p	1.37%

The sale of these Ordinary Shares, in an off-market transaction, effectively covers the purchase price of the share options that were previously exercised by Mr. Ferguson with the balance being retained as shares in the Company.

The notifications in appendix 1, made in accordance with the requirements of the EU Market Abuse Regulation (Regulation (EU) 596/2014), provides further detail.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

*ENDS*

For further information please visit www.savannahresources.com or contact:

David Archer	Savannah Resources plc	Tel: +44 20 7117 2489
David Hignell / Dugald J. Carlean (Nominated Adviser)	Northland Capital Partners Ltd	Tel: +44 20 3861 6625
Christopher Raggett / Camille Gochez (Broker)	finnCap Ltd	Tel: +44 20 7220 0500
Grant Barker (Equity Adviser)	Whitman Howard	Tel: +44 020 7659 1225
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".

Appendix 1

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

Dale Ferguson 

2

Reason for the notification

a)

Position/status

Technical Director

b)

Initial notification /Amendment

Initial notification

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 of the financial instrument, type of instrument

Identification code

Ordinary Shares of £0.01 each

ISIN: GB00B647W791

b)

Nature of the transaction

Disposal of Shares

The sale of these shares effectively covers the purchase price of the share options that were previously exercised by Mr. Ferguson with the balance being retained as shares in the Company.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP0.085	2,000,000

d)

Aggregated information

Aggregated volume

Price

2,000,000

0.085

e)

Date of the transaction(s)

8 August 2018

9 August 2018

f)

Place of the transaction

Off-market transaction

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END

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