SAVANNAH RESOURCES PLC — Major Shareholding Notification 2017

Jun 13, 2017

National Storage Mechanism | Additional information

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RNS Number : 9376H

Savannah Resources PLC

13 June 2017

For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				Savannah Resources Plc
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) subject to the notification obligation: iii		David Stuart Archer
4. Full name of shareholder(s) (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		31/05/2017
6. Date on which issuer notified:		01/06/2016
7. Threshold(s) that is/are crossed or reached: vi, vii		8%

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction						Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights			Number of shares		Number of voting rights			% of voting rights x
Direct		Direct xi		Indirect xii	Direct			Indirect
	25,931,251			25,931,251			25,931,251		25,931,251			4.85%
GB00B647W791
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii		Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
Warrant over Ordinary Shares with a 3p exercise price			19/07/2018		At any point prior to the expiration date					11,111,112				2.04%
Options over Ordinary Share with a 7.59p exercise price			28/02/2021		At any point prior to the expiration date					7,000,000				1.29%
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date xvii		Exercise/ Conversion period xviii			Number of voting rights instrument refers to				% of voting rights xix, xx
													Nominal			Delta
Total (A+B+C)
Number of voting rights								Percentage of voting rights
44,042,363								7.61%

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:
13. Additional information:	The percentage of David Archer's total voting rights in sections A and B are calculated on a fully diluted basis. David Archer has not reduced his shareholding, and this notification is as a result of a subsequent dilution of David Archer'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:	David Archer
15. Contact telephone number:	+44 207 117 2489

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