Savannah Resources PLC Holding(s) in Company (9376H)

TIDMSAV

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 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 
------------------------------------------------------------  ----------------------- 
 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)                                        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                                                31/05/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------ 
 
 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     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   25,931,251       25,931,251       25,931,251     25,931,251                   4.85% 
-------------  ---------------  ---------------  -------------  -------------  ------------  ------------  ----------- 
 
 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 Shares                   At any point 
 with a 3p                          prior to the 
 exercise                           expiration 
 price              19/07/2018      date                           11,111,112                     2.04% 
-----------------  -------------  ------------------------------  -----------------------------  --------------------- 
 Options over                      At any point 
  Ordinary Share                    prior to the 
  with a 7.59p                      expiration 
  exercise price    28/02/2021      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          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 
-------------------------------------------------  ------------------------------------------------------------------- 
 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: 
-------------------------------------------------------------  ------------------------------------- 
 
                                                                The percentage of David Archer's 
  13. Additional information:                                   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:                                                      [phone] 
-------------------------------------------------------------  ------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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June 13, 2017 05:31 ET (09:31 GMT)