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Savannah Resources - Holding(s) in Company

RNS Number : 8391Q
Savannah Resources PLC
23 June 2020
 

 

23 June 2020

 

Savannah Resources Plc

("Savannah" or the "Company")

 

Holding(s) in Company

 

Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah' or 'the Company'), the AIM quoted resource development company, announces that, following a change to the underlying ownership of Slipstream Resources Investment Pty Limited ("Slipstream") the ownership of Slipstream in the issued share capital of Savannah has been reduced to 11.33% from 12.88% (the "Transaction").

 

The remaining Slipstream shareholders, including Dale Ferguson (Savannah's Technical Director) maintain the same beneficial interest in Savannah (i.e. there has been no sale of Savannah shares by Slipstream, just a distribution of shares in proportion to an existing shareholder's beneficial holding of shares in Savannah). The positions before and after the Transaction are summarised in the tables below:

 

Slipstream Resources Investments Pty Ltd

Situation prior to the Transaction

Situation post Transaction

SAV Share Quantity

% of SAV's issued share capital





Remaining Shareholders beneficial ownership via Slipstream

Remaining Shareholders % ownership Slipstream

Remaining Shareholders - Savannah Shares held indirectly through ownership in Slipstream Resources Investments Pty Ltd

 

 

TR-1: Standard form for 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 the underlying issuer of existing shares to which voting rights are attachedii:

Savannah Resources Plc

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)



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


Other (please specify)iii:

x

Change to the underlying ownership of Slipstream Resources Investment Pty Limited

3. Details of person subject to the notification obligationiv

Name

Slipstream Resources Investments Pty Ltd

City and country of registered office (if applicable)

Sydney, Australia

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 was crossed or reachedvi:

23 June 2020

6. Date on which issuer notified (DD/MM/YYYY):

15 June 2020

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 of issuervii

Resulting situation on the date on which threshold was crossed or reached

11.33%


11.33%

1,298,959,820

Position of previous notification (if

applicable)

12.89%


12.89%


 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB00B647W791

147,180,000


11.33%












SUBTOTAL 8. A

147,180,000

11.33%

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights


















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 of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights






















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) issuerxiii


Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
xiv

X

Namexv

% 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

Wainidiva Pty Ltd

34.09%


34.09%

Snocomp Pty Ltd

31.25%


31.25%

Dale John Ferguson

31.25%


31.25%

BOMC Pty Ltd

3.41%


3.41%


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 informationxvi


 

Place of completion

Sydney, Australia

Date of completion

 15 June 2020

 

 

 

Regulatory Information

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:

 

Savannah Resources PLC

David Archer, CEO

 

 

Tel: +44 20 7117 2489

 

SP Angel Corporate Finance LLP (Nominated Advisor)

David Hignell / Charlie Bouverat

 

 

Tel: +44 20 3470 0470

 

 

finnCap Ltd (Joint Broker)

Christopher Raggett

 

 

Tel: +44 20 7220 0500

 

Whitman Howard (Joint Broker)

Grant Barker

 

 

Tel: +44 20 7659 1225

 

St Brides Partners Ltd (Financial PR)

Charlotte Page / Cosima Akerman

Tel: +44 20 7236 1177

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 the communities we work with and our staff.

 

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".

 

 

 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
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