Savannah Resources PLC Holding(s) in Company (0877Q)

TIDMSAV

RNS Number : 0877Q

Savannah Resources PLC

24 November 2016

 
 For filings with the FCA 
  include the annex 
 For filings with issuer exclude 
  the annex 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                               Savannah Resources Plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
---------------------------------------------------------------  --------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
-------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                       X 
------------------------------------------------------------------  ------------------------------ 
 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 
------------------------------------------------------------------  ------------------------------ 
 Other (please 
  specify): 
---------------------------------------------------------  -------  ------------------------------ 
 3. Full name of person(s)                                                     David Stuart Archer 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------------------------- 
 5. Date of the transaction                                                             17/10/2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer 
  notified:                                                                             24/11/2016 
 
                                                                         Please note that Savannah 
                                                                       Resources Plc issued an RNS 
                                                                       on 12/10/2016 in respect of 
                                                                                              this 
-----------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ------------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                Resulting situation after the 
  of             to the triggering                 triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  --------------------------------  ---------------------------------------------------------------------- 
                Number           Number           Number         Number of                   % of voting 
                 of               of               of shares      voting                      rights (x) 
                 Shares           Voting                          rights 
                                  Rights 
-------------  ---------------  ---------------  -------------  --------------------------  --------------------------- 
                                                  Direct         Direct         Indirect     Direct        Indirect 
                                                                 (xi)           (xii) 
-------------      -----------    -----------    -------------  -------------  -----------  ------------  ------------- 
 
 GB00B647W791   22,222,224       22,222,224       25,931,251     25,931,251                  5.77% 
-------------  ---------------  ---------------  -------------  ---------------  ---------  ------------  ------------- 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration     Exercise/                       Number of voting              % of voting 
 financial           date           Conversion                      rights that                   rights 
 instrument          (xiii)         Period (xiv)                    may be 
                                                                    acquired if 
                                                                    the 
                                                                    instrument 
                                                                    is 
                                                                    exercised/ 
                                                                    converted. 
-----------------  -------------  ------------------------------  ----------------------------  ----------------------- 
 Warrant over 
 Ordinary Share                    At any point 
 with a 3p                          prior to the 
 exercise                           Expiration 
 price              19/07/2018      date                           11,111,112                    2.41% 
-----------------  -------------  ------------------------------  ----------------------------  ----------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise       Expiration     Exercise/        Number of voting              % of voting 
 financial         price         date           Conversion        rights instrument             rights (xix, 
 instrument                      (xvii)         period            refers to                     xx) 
                                                (xviii) 
---------------  -------------  -------------  ---------------  ----------------------------  ------------------------- 
                                                                                               Nominal       Delta 
---------------  -------------  -------------  ---------------  ----------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                            Percentage of voting rights 
-------------------------------------------------  -------------------------------------------------------------------- 
 37,042,363                                         8.18% 
-------------------------------------------------  -------------------------------------------------------------------- 
 
 
 
 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: 
-------------------------------------------------------------  ----------------- 
 14. Contact name:                                                  David Archer 
-------------------------------------------------------------  ----------------- 
 15. Contact telephone number:                                  [phone] 
-------------------------------------------------------------  ----------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 24, 2016 07:05 ET (12:05 GMT)