1 August
2024
Savannah Resources
Plc
(AIM: SAV, FWB: SAV and SWB:
SAV) ('Savannah', or the
'Company')
Notification of Major
Shareholding
An
Event Changing the Breakdown of Voting Rights
Savannah Resources Plc, the
developer of the Barroso Lithium Project (the 'Project') in
Portugal, Europe's largest spodumene lithium deposit, announces
that it has received the following TR-1 notification in relation to
a disposal of shares by Slipstream Resources International Pty Ltd,
presented below.
TR-1: Standard form for notification of major
holdings
1.
Issuer Details
ISIN
Issuer Name
UK
or Non-UK Issuer
2.
Reason for Notification
An acquisition or disposal of voting
rights
3.
Details of person subject to the notification
obligation
Name
Slipstream Resources International
Pty Ltd
City of registered office (if applicable)
Country of registered office (if applicable)
4.
Details of the shareholder
Full name of shareholder(s) if different from the person(s)
subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5.
Date on which the threshold was crossed or
reached
6.
Date on which Issuer notified
7.
Total positions of person(s) subject to the notification
obligation
|
|
%
of voting rights attached to shares (total of
8.A)
|
%
of voting rights through financial instruments (total of 8.B 1 +
8.B 2)
|
Total of both in % (8.A + 8.B)
|
Total number of voting rights held in issuer
|
|
Resulting situation on the date on
which threshold was crossed or reached
|
3.3724
|
0.000000
|
3.3724
|
73274045
|
|
Position of previous notification
(if applicable)
|
6.8242
|
0.000000
|
6.8242
|
148274045
|
8.
Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A.
Voting rights attached to shares
|
Class/Type of shares ISIN code(if possible)
|
Number of direct voting rights (DTR5.1)
|
Number of indirect voting rights (DTR5.2.1)
|
%
of direct voting rights (DTR5.1)
|
%
of indirect voting rights (DTR5.2.1)
|
|
GB00B647W791
|
73274045
|
|
3.3724
|
|
|
Sub Total 8.A
|
73274045
|
3.3724%
|
8B1. Financial Instruments according to (DTR5.3.1R.(1)
(a))
|
Type of financial instrument
|
Expiration date
|
Exercise/conversion period
|
Number of voting rights that may be acquired if the instrument
is exercised/converted
|
%
of voting rights
|
|
|
|
|
|
|
|
Sub Total 8.B1
|
|
|
|
8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
|
Type of financial instrument
|
Expiration date
|
Exercise/conversion period
|
Physical or cash settlement
|
Number of voting rights
|
%
of voting rights
|
|
|
|
|
|
|
|
|
Sub Total 8.B2
|
|
|
|
9.
Information in relation to the person subject to the notification
obligation
1. 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.
|
Ultimate controlling person
|
Name of controlled undertaking
|
%
of voting rights if it equals or is higher than the notifiable
threshold
|
%
of voting rights through financial instruments if it equals or is
higher than the notifiable threshold
|
Total of both if it equals or is higher than the notifiable
threshold
|
|
|
|
|
|
|
10.
In case of proxy voting
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
12.
Date of Completion
13.
Place Of Completion
Savannah - Enabling Europe's energy
transition.
**ENDS**
Follow @SavannahRes on X
Follow
Savannah Resources on LinkedIn
For further information please
visit www.savannahresources.com
or contact:
|
Savannah Resources PLC
Emanuel Proença, CEO
|
Tel: +44 20 7117 2489
|
|
SP
Angel Corporate Finance LLP (Nominated Advisor & Joint
Broker)
David Hignell/ Charlie Bouverat
(Corporate Finance)
Grant Barker/Abigail Wayne (Sales
& Broking)
|
Tel: +44 20 3470 0470
|
|
SCP
Resource Finance (Joint Broker)
Filipe Martins/Chris
Tonkin
|
Tel: +44 204 548 1765
|
|
Camarco (Financial PR)
Gordon Poole/ Emily Hall / Nuthara
Bandara
|
Tel: +44 20 3757 4980
|
|
LPM
(Portugal Media Relations)
Herminio Santos/ Jorge Coelho /
Margarida Pinheiro
|
Tel: +351 218 508 110
|
About Savannah
Savannah Resources is a mineral
resource development company and the sole owner of the Barroso
Lithium Project in northern Portugal, the largest battery grade
spodumene lithium resource outlined to date in Europe.
Through the Barroso Lithium Project
(the 'Project'), Savannah will help Portugal to play an important
role in providing a long-term, locally sourced, lithium raw
material supply for Europe's rapidly developing lithium battery
value chain. After the Environmental Licence was granted in May
2023 and the Scoping Study confirmed the economic potential of the
Project in June 2023, production is now targeted and on track to
begin in 2026. At that stage, Savannah will start producing enough
lithium (contained in c.190,000tpa of spodumene concentrate) for
approximately half a million vehicle battery packs per year, equal
to a significant portion of the European Commission's Critical Raw
Material Act goal of a minimum 10% of European endogenous lithium
production set for 2030. Savannah is focused on the responsible
development and operation of the Barroso Lithium Project so that
its impact on the environment is minimised and the socio-economic
benefits that it can bring to all its stakeholders are
maximised.
In June 2024, Savannah entered a
strategic partnership with AMG Critical Materials N.V., the global
critical materials business and established lithium market
participant. AMG has invested GBP 16m in Savannah in exchange for a
15.8% stake in the Company and a 5 year, 45ktpa spodumene offtake
agreement. This investment alongside existing cash provides
Savannah with the finance required to take the Project to a Final
Investment Decision point. AMG can increase its offtake to 90ktpa
for 10 years if it provides an acceptable full project funding
solution for the Project's construction.
The Company is listed and regulated
on the London Stock Exchange's Alternative Investment Market (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".