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SAV Savannah Resources Plc

3.30
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Savannah Resources Plc LSE:SAV London Ordinary Share GB00B647W791 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.30 3.20 3.40 3.30 3.30 3.30 2,515,981 07:40:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -2.86M -0.0016 -20.63 60.33M

Savannah Resources PLC Notification of Substantial Shareholding (2443E)

16/10/2018 4:08pm

UK Regulatory


Savannah Resources (LSE:SAV)
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TIDMSAV

RNS Number : 2443E

Savannah Resources PLC

16 October 2018

16 October 2018

Savannah Resources Plc

Notification of Substantial Shareholding

Savannah Resources plc (AIM: SAV, FWB: AFM and SWB: SAV) ('Savannah' or the 'Company'), the AIM quoted resource development company, announces that it has received a TR-1 notification in relation to SlipStream's revised holding, presented below.

TR-1: Notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer 
  and to the FCA in Microsoft Word format if possible)(i) 
 
 1a. Identity of the issuer or                                    Savannah Resources Plc 
  the underlying issuer of existing 
  shares to which voting rights 
  are attached(ii) : 
                                                       -------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark 
  with an "X" if appropriate) 
 Non-UK issuer 
                                                                                               ---- 
 2. Reason for the notification (please mark the appropriate box 
  or boxes with an "X") 
 An acquisition or disposal of voting rights 
                                                                                               ---- 
 An acquisition or disposal of financial instruments 
                                                                                               ---- 
 An event changing the breakdown of voting rights                                                X 
                                                                                               ---- 
 Other (please specify)(iii) : 
                                                                                               ---- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                   Slipstream Resources Investments 
                                                         Pty Ltd 
 City and country of registered                         Sydney, Australia 
  office (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
 Name 
                                                       -------------------------------------------- 
 City and country of registered 
  office (if applicable) 
                                                       -------------------------------------------- 
 5. Date on which the threshold                         11.10.2018 
  was crossed or reached(vi) : 
                                                       -------------------------------------------- 
 6. Date on which issuer notified                       16.10.2018 
  (DD/MM/YYYY): 
                                                       -------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                        % of voting       % of voting rights    Total of both   Total number 
                      rights attached      through financial     in % (8.A +     of voting rights 
                      to shares (total        instruments            8.B)        of issuer(vii) 
                          of 8. A)           (total of 8.B 
                                              1 + 8.B 2) 
                    ------------------  ---------------------  --------------  -------------------- 
 Resulting 
  situation 
  on the 
  date on 
  which threshold 
  was crossed 
  or reached         5.11                                       5.11            881,316,795 
                    ------------------  ---------------------  --------------  -------------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable)        3.61                                       3.61 
                    ------------------  ---------------------  --------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached(viii) 
 A: Voting rights attached to shares 
 Class/type          Number of voting rights(ix)                                % of voting rights 
  of 
  shares 
  ISIN code 
  (if possible) 
                             Direct                      Indirect                       Direct              Indirect 
                       (Art 9 of Directive          (Art 10 of Directive          (Art 9 of Directive      (Art 10 of 
                          2004/109/EC)                  2004/109/EC)             2004/109/EC) (DTR5.1)      Directive 
                            (DTR5.1)                     (DTR5.2.1)                                       2004/109/EC) 
                                                                                                           (DTR5.2.1) 
                                             -------------------------------- 
 GB00B647W791        45,000,000                                                 5.11 
                    -----------------------  --------------------------------  ------------------------  -------------- 
 
 
 SUBTOTAL 
  8. A                                      45,000,000                                           5.11 
                    ---------------------------------------------------------  ---------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 
  2004/109/EC (DTR5.3.1.1 (a)) 
 Type of             Expiration   Exercise/                             Number of voting                  % of voting 
  financial           date(x)      Conversion Period(xi)                 rights that may                   rights 
  instrument                                                             be acquired if 
                                                                         the instrument 
                                                                         is 
                                                                         exercised/converted. 
                    -----------  ------------------------------------  --------------------------------  -------------- 
 
 
 
                                  SUBTOTAL 8. B 1 
                                 ------------------------------------  --------------------------------  -------------- 
 
 B 2: Financial Instruments with similar economic effect according 
  to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type           Expiration        Exercise/                 Physical or             Number of             % of voting 
  of             date(x)           Conversion                cash                    voting rights         rights 
  financial                        Period (xi)               settlement(xii) 
  instrument 
               ----------------  ------------------------  ----------------------  -------------------- 
 
 
 
                                                            SUBTOTAL 8.B.2 
                                                           ----------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any 
  other undertaking(s) holding directly or indirectly an interest 
  in the (underlying) issuer(xiii) 
 Full chain of controlled undertakings through which the voting                            X 
  rights and/or the 
  financial instruments are effectively held starting with the 
  ultimate controlling natural person or legal entity(xiv) (please 
  add additional rows as necessary) 
      Name(xv)          % of voting rights      % of voting rights       Total of both if 
                          if it equals or        through financial        it equals or is 
                         is higher than the      instruments if it        higher than the 
                        notifiable threshold    equals or is higher     notifiable threshold 
                                                than the notifiable 
                                                     threshold 
                      ----------------------  ---------------------  ------------------------ 
 Wainidiva Pty 
  Ltd                  30%                     n/a                    30% 
                      ----------------------  ---------------------  ------------------------ 
 Snocomp Pty 
  Ltd                  27.5%                   n/a                    27.5% 
                      ----------------------  ---------------------  ------------------------ 
 Dale John Ferguson    27.5%                   n/a                    27.5% 
                      ----------------------  ---------------------  ------------------------ 
 Lightning Jack 
  Pty Ltd              12%                     n/a                    12% 
                      ----------------------  ---------------------  ------------------------ 
 Creative Cooling 
  Pty Ltd              3%                      n/a                    3% 
                      ----------------------  ---------------------  ------------------------ 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                              ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                              ----------------------------------------------- 
 The date until which the voting 
  rights will be held 
                                              ----------------------------------------------- 
 
 11. Additional information(xvi) 
 
 
 
 
 Place of completion   Sydney, Australia 
 Date of completion    16.10.2018 
                      ------------------ 
 

**S**

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

 
    David Archer                       Savannah Resources      Tel: +44 20 7117 2489 
                                        plc 
    David Hignell / Dugald J.          Northland Capital       Tel: +44 20 3861 6625 
     Carlean (Nominated Adviser)        Partners Ltd 
    Christopher Raggett / Camille      finnCap Ltd             Tel: +44 20 7220 0500 
     Gochez (Broker) 
    Grant Barker (Equity Adviser)      Whitman Howard          Tel: +44 020 7659 
                                                                1225 
    Lottie Wadham / Gaby Jenner        St Brides Partners      Tel: +44 20 7236 1177 
     (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 rns@lseg.com or visit www.rns.com.

END

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October 16, 2018 11:08 ET (15:08 GMT)

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