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RNS Number : 1641D
Savannah Resources PLC
19 June 2023
 

 

19 June 2023

 

Savannah Resources Plc

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

 

Result of Annual General Meeting

 

Savannah Resources plc, the European lithium development company, is pleased to advise that all resolutions were duly passed at its Annual General Meeting held earlier today.

 

For information, the proxy votes received in relation to the resolutions were as follows:

 

RESOLUTION MATTER

VOTES FOR

VOTES AGAINST

VOTES DISCRETIONARY

VOTES WITHHELD

VOTES TOTAL

1. To receive the report of the Directors and the audited Financial Statements of the Company for the year ended 31 December 2022.

341,591,299

12,600

20,000

142,415

341,766,314

2. To re-appoint Dale Ferguson as a Director of the Company.

341,218,188

140,633

20,000

387,493

341,766,314

3. To re-appoint James Leahy as a Director of the Company.

341,196,088

162,733

20,000

387,493

341,766,314

4. To re-appoint Diogo da Silveira as a Director of the Company.

341,218,188

140,633

20,000

387,493

341,766,314

5. To re-appoint BDO LLP as auditors of the Company and to authorise the Directors to determine the remuneration of the auditors.

341,264,960

298,939

20,000

182,415

341,766,314

6. To authorise the Directors to exercise all or any of the powers of the Company to allot equity securities up to a maximum nominal amount of £6,750,000.

340,400,592

1,164,175

20,000

181,547

341,766,314

7. To empower the Directors to dis-apply statutory pre-emption rights up to a maximum aggregate nominal amount of £5,900,000.

336,622,683

4,862,084

20,000

261,547

341,766,314

 

 

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 Resources - Enabling Europe's energy transition.

 

**ENDS**Logo Description automatically generated with medium confidence

Follow @SavannahRes on Twitter

Icon Description automatically generatedFollow Savannah Resources on LinkedIn

 

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

 

Savannah Resources PLC

Dale Ferguson, 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

 

 

RBC Capital Markets (Joint Broker)

Farid Dadashev/ Jamil Miah

 

Tel: 44 20 7653 4000

 

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 sole owner of the Barroso Lithium Project in northern Portugal.

 

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. Through the Barroso Lithium Project, Savannah can 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. Production is targeted to begin in 2026, producing enough lithium for 0.5m vehicle battery packs per year.

 

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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