Savannah Resources PLC Nominated Adviser Status (2565G)

TIDMSAV

RNS Number : 2565G

Savannah Resources PLC

05 November 2018

5 November 2018

Savannah Resources Plc

Nominated Adviser Status

Savannah Resources plc (AIM: SAV and SWB: SAV) ('Savannah' or 'the Company'), the AIM quoted resource development company, announces that the Directors have been advised by its current nominated adviser ("Nomad"), Northland Capital Partners Limited ("Northland") of its proposed merger with SP Angel Corporate Finance LLP ("SP Angel"). Northland has voluntarily agreed to relinquish its Nomad status and will be removed from the register of Nomads with effect from 7am on 1 February 2019.

As a result, it is the intention of the Directors to transition the Company's Nomad role from Northland to SP Angel. This process has already started and at present the Company anticipates a smooth and orderly transition of the Nomad role.

However, the Company recognises that the merger remains subject to regulatory approvals and due diligence. In accordance with AIM Rule 1, if in the unlikely event that the Company fails to appoint a new Nomad by 1 February 2019 the Exchange will suspend trading in the Company's AIM Securities. In the unlikely event that the Company has failed to appoint a replacement Nomad by 4 March 2019 the admission of its AIM Securities will be cancelled.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

**ENDS**

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

 
    David Archer                       Savannah Resources      Tel: [phone] 
                                        plc 
    David Hignell / Dugald J.          Northland Capital       Tel: [phone] 
     Carlean (Nominated Adviser)        Partners Limited 
    Christopher Raggett / Camille      finnCap Ltd             Tel: [phone] 
     Gochez (Broker) 
    Grant Barker (Equity Adviser)      Whitman Howard          Tel: [phone] 
    Charlotte Page / Lottie            St Brides Partners      Tel: [phone] 
     Wadham (Financial PR)              Ltd 
 

About Savannah

Savannah is a diversified resources group (AIM: SAV) with a portfolio of energy metals projects - lithium in Portugal and copper in Oman - together with 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 our staff and the communities we work with.

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: AFM, and the Börse Stuttgart (SWB) under the ticker "SAV".

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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November 05, 2018 02:00 ET (07:00 GMT)