Savannah Resources PLC Directorate Change (9109F)

TIDMSAV

RNS Number : 9109F

Savannah Resources PLC

10 November 2022

10 November 2022

Savannah Resources Plc

(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah' or the 'Company')

Directorate Change

Appointment of Diogo da Silveira to the Board

Savannah Resources plc, the European lithium development company, is pleased to announce the appointment of Diogo da Silveira as independent non-executive director effective from 10 November 2022. On joining the Company Mr da Silveira will become a member of the Remuneration and Audit and Risk Committees.

Matthew King, Savannah's Chairman said: "I am delighted to welcome Diogo to the Board. Diogo is a highly experienced business leader with extensive experience in Portugal and Europe. We look forward in particular to leveraging his expertise in the primary industry sector, via his past role with leading Portuguese forestry operator, Navigator, whose operations faces similar permitting challenges to mining companies, and in the energy transition sector, through his role as Chair of Floene Energias. This appointment reinforces our role in Portugal's vital contribution to the global transition to renewable energy."

Diogo da Silveira, Savannah's new non-executive director said: "I am honoured to contribute to Europe's energy self-sufficiency journey through Savannah's development of lithium resources in northern Portugal. I hope to bring energy and mobility knowledge, sustainability experience, Portuguese insights, and European perspective to the Barroso Lithium Project. I am really excited to be part of such an important energy transition undertaking at such a unique time."

Mr Diogo da Silveira, a former McKinsey Partner, is a seasoned CEO and NED in multiple sectors across Europe. He also has considerable experience in funds' management, both Private Equity and Venture Capital. Recently Diogo started several entrepreneurial initiatives in last mile logistics, real estate, and sports. He is the Chairman of Floene Energias, the leading Gas DSO in Portugal. Over the last 20 years, Diogo has been the CEO of several listed and private companies, namely The Navigator Company, Açoreana Seguros, ONI telecom, Isoroy, Novis as well as Executive Director at Sonae Indústria, Sonaecom, ModeloContinente, Sonae Investimentos and BanifBank. He has been a European NED at Glunz, Tafisa, Optimus, BanifBank, WeDo and Bizdirect. Diogo was a management member of several Portuguese industrial associations such as CIP, APS, Celpa, Cotec and BCSD as well as of European, Brussels based, CEPI and Worlwide, Geneva based, WBCSD. He also serves the French Embassy in Portugal as Conseiller du Commerce Exterieur. Diogo is an Ingénieur from Ecole Centrale de Lille, a research Scholar from Berkeley and holds an MBA & IDP from INSEAD.

The following information is disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

Mr Diogo Antonio da Silveira (a dual Portuguese / French national residing in Lisbon, Portugal), aged 61, currently holds or has held the following directorships and partnerships in the last five years:

 
 Current Directorships /      Directorships / Partnerships 
  Partnerships                 with the last 5 years 
 Floene Energias, S.A.        The Navigator Company, S.A. 
                             ---------------------------------- 
 EZCart sgps                  Navigator Floresta sgps,S.A. 
                             ---------------------------------- 
                              Navigator Biomass Energy sgps, 
 EZCart, S.A.                  S.A. 
                             ---------------------------------- 
                              Navigator Pulp Holding sgps, 
 Solidal, S.A.                 S.A. 
                             ---------------------------------- 
 Shilling Capital Partners,   Navigator Paper Holding sgps, 
  S.A.                         S.A. 
                             ---------------------------------- 
                              Navigator Paper Setubal sgps, 
 Specialpodium sgps, S.A.      S.A. 
                             ---------------------------------- 
                              Navigator Tissue Ródão, 
 Realpodium, Lda               S.A. 
                             ---------------------------------- 
 Bestpodium Lisbon sports 
  agency, Lda                 Navigator Brands, S.A. 
                             ---------------------------------- 
 Sport União Sintrense 
  S.A.D                       Ach Brito, S.A. 
                             ---------------------------------- 
 Shilling Capital Partners 
  II, Lda 
                             ---------------------------------- 
 Objectivepodium, Lda 
                             ---------------------------------- 
 

Mr da Silveira does not currently hold any ordinary shares in the Company.

There is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.

Regulatory Information

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

**ENDS**

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

 
Savannah Resources PLC                          Tel: [phone] 
 Dale Ferguson, CEO 
SP Angel Corporate Finance LLP (Nominated       Tel: [phone] 
 Adviser & Joint Broker) 
 David Hignell/ Charlie Bouverat (Corporate 
 Finance) 
 Grant Barker/ Abigail Wayne (Sales & Broking) 
RBC Capital Markets (Joint Broker)              Tel: [phone] 
 Farid Dadashev/ Jamil Miah 
Camarco (Financial PR)                          Tel: [phone] 
 Gordon Poole/ Emily Hall 
 

About Savannah

Savannah is the owner of the Barroso Lithium Project, located close to key infrastructure in Northern Portugal which contains the most significant spodumene lithium resource in Western Europe. Following a positive Scoping Study which outlined a conventional operation producing 175,000t of spodumene concentrate per annum, Savannah is progressing the development and environmental licencing of the Barroso Lithium Project.

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

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November 10, 2022 02:00 ET (07:00 GMT)