Exercise of Share Options
Savannah Resources Plc announced the issuance of 1,300,000 new ordinary shares following the exercise of share options by its Chief Financial Officer and another employee, with admission to trading expected on May 29, 2026. This brings the total number of ordinary shares in issue to 2,575,449,699. The Chief Financial Officer exercised 900,000 options at a price of 1.0 pence each.
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Savannah Resources Plc, the developer of the Barroso Lithium Project in Portugal (the 'Project'), a 'Strategic Project' under the European Critical Raw Materials Act and Europe's largest spodumene lithium deposit confirms that it has issued, conditional on admission, a total of 1,300,000 new ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares"), following the exercise of share options by Henrique Freire, the Company's Chief Financial Officer and another employee under the Company's Equity Incentive Plan.
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue and application has been made for the new Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange ("Admission"). Admission is expected to occur, and dealings in the new Ordinary Shares commence, at 8:00 a.m. on 29 May 2026.
Total Voting Rights
Following Admission, the Company will have 2,575,449,699 Ordinary Shares in issue. This figure of 2,575,449,699 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
PDMR Notification
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Henrique Freire | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| a) | Name | Savannah Resources Plc | ||||
| b) | LEI | 213800UCK16HW5KKGP60 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Exercise of nominal cost Options of 1.0 pence ISIN: GB00B647W791 | ||||
| b) | Nature of the transaction | Exercise of options of 1.0 pence each in respect of the STIP component of the Company's Equity Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | 900,000 1.0 pence | ||||
| e) | Date of the transaction(s) | 22 May 2026 | ||||
| f) | Place of the transaction | Off-market transaction |
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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.