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RNS Number : 0161H
Savannah Resources PLC
01 December 2020



1 December 2020


Savannah Resources Plc

('Savannah' or the 'Company')


PDMR Notification of Director Dealings


Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV), the resource development company, announces it has received notification that David Archer, Savannah's CEO, has disposed of a total of 2.0 million ordinary shares of 1p each in the Company ("Ordinary Shares") (the "Transaction").

Following the Transaction David Archer holds 39,756,649 Ordinary Shares representing 2.78% of the Company's issued share capital and David's net cash investment in Savannah's issued share capital amounts to £1.12 million.

The rationale for the Transaction was because the CEO owns a hotel business in Europe that has suffered financially from the impact to tourism from COVID19 and has required funding. Mr Archer has indicated to the Board that he has no present intention to sell further Ordinary Shares.


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.



Details of the person discharging managerial responsibilities / person closely associated



David Archer


Reason for the notification



Chief Executive Officer



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


ISIN: GB00B647W791


Nature of the transaction

Sale of Ordinary Shares


Price(s) and volume(s)


Sale price








Aggregated information

- Aggregated volume

- Price






Dates of the transaction

26 November 2020, 27 November 2020, and 30 November 2020


Place of the transaction

Off market transaction




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


Savannah Resources PLC

David Archer, CEO



Tel: 44 20 7117 2489


SP Angel Corporate Finance LLP (Nominated Advisor)

David Hignell / Charlie Bouverat



Tel: 44 20 3470 0470



finnCap Ltd (Joint Broker)

Christopher Raggett



Tel: 44 20 7220 0500


WH Ireland Limited (Joint Broker)

James Joyce/ Matt Chan (Corporate Finance)

Adam Pollock/ Jasper Berry (Corporate Broking)


Tel: 44 20 7220 1698



Camarco (Financial PR)

Gordon Poole / Nick Hennis

Tel: 44 20 3757 4890


About Savannah


Savannah is a diversified resources group (AIM: SAV) with two development stage projects, a hardrock lithium project in Portugal which has the largest spodumene lithium resource in Europe, and 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".

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