RNS Number : 2295M
Savannah Resources PLC
10 June 2025
10 June 2025
Savannah Resources Plc
(AIM: SAV) ('Savannah', 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 |
|
1. To receive the report of the Directors and the audited Financial Statements of the Company for the year ended 31 December 2024. |
1,050,157,426 |
35,009 |
124,780 |
385,652 |
1,050,702,867 |
|
2. To re-appoint Rick Anthon as a Director of the Company. |
1,048,735,342 |
204,375 |
124,780 |
1,638,370 |
1,050,702,867 |
|
3. To re-appoint Mike Connor as a Director of the Company. |
1,048,909,833 |
1,133,558 |
194,780 |
464,696 |
1,050,702,867 |
|
4. To re-appoint BDO LLP as auditors of the Company and to authorise the Directors to determine the remuneration of the auditors. |
1,049,976,741 |
136,650 |
124,780 |
464,696 |
1,050,702,867 |
|
5. 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 £12,510,000. |
1,046,076,166 |
2,062,970 |
124,780 |
2,438,951 |
1,050,702,867 |
|
6. To empower the Directors to dis-apply statutory pre-emption rights up to a maximum aggregate nominal amount of £12,200,000. |
1,046,646,831 |
2,287,035 |
124,780 |
1,644,221 |
1,050,702,867 |
Savannah - Enabling Europe's energy transition.
**ENDS**
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For further information please visit www.savannahresources.com 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
|
|
Canaccord Genuity Limited (Joint Broker) James Asensio / Charlie Hammond (Corporate Broking) Ben Knott (Sales)
|
|
|
Portugal Media Relations António Neves Costa (Communications Manager) |
Tel: 351 962 678 912 |
About Savannah
Savannah Resources is a mineral resource development company and the sole owner of the Barroso Lithium Project (the 'Project') in northern Portugal. The Project is the largest battery-grade spodumene lithium resource outlined to date in Europe and was classified as a 'Strategic Project' by the European Commission under the Critical Raw Materials Act in March 2025.
Through 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 lithium battery value chain. Once in operation, the Project will produce enough lithium (contained in c.190,000tpa of spodumene concentrate) for approximately half a million vehicle battery packs per year and hence make a significant contribution towards the European Commission's Critical Raw Material Act goal of a minimum 10% of European endogenous lithium production from 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 AIM Market of the London Stock Exchange and trades under the ticker "SAV".
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