Savannah Resources PLC Holding(s) in Company (9376H)
June 13 2017 - 4:31AM
UK Regulatory
TIDMSAV
RNS Number : 9376H
Savannah Resources PLC
13 June 2017
For filings with the FCA
include the annex
For filings with issuer exclude
the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
-------------------------------------------------------------------------------------
1. Identity of the issuer or Savannah Resources Plc
the underlying issuer
of existing shares to which
voting rights are
attached: (ii)
----------------------------------------------------------- ------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
-------------------------------------------------------------------------------------
An acquisition or disposal of voting rights
------------------------------------------------------------ -----------------------
An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
------------------------------------------------------------ -----------------------
An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
------------------------------------------------------------ -----------------------
An event changing the breakdown of voting rights X
------------------------------------------------------------ -----------------------
Other (please
specify):
---------------------------------------------------------- -----------------------
3. Full name of person(s) David Stuart Archer
subject to the
notification obligation:
(iii)
----------------------------------------------------------- ------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
----------------------------------------------------------- ------------------------
5. Date of the transaction 31/05/2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- ------------------------
6. Date on which issuer
notified: 01/06/2016
----------------------------------------------------------- ------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 8%
----------------------------------------------------------- ------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
----------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- -------------------------------- ---------------------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
------------- --------------- --------------- ------------- --------------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ----------- ----------- ------------- ------------- ------------ ------------ -----------
GB00B647W791 25,931,251 25,931,251 25,931,251 25,931,251 4.85%
------------- --------------- --------------- ------------- ------------- ------------ ------------ -----------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
----------------- ------------- ------------------------------ ----------------------------- ---------------------
Warrant over
Ordinary Shares At any point
with a 3p prior to the
exercise expiration
price 19/07/2018 date 11,111,112 2.04%
----------------- ------------- ------------------------------ ----------------------------- ---------------------
Options over At any point
Ordinary Share prior to the
with a 7.59p expiration
exercise price 28/02/2021 date 7,000,000 1.29%
----------------- ------------- ------------------------------ ----------------------------- ---------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
--------------- ------------- ------------- --------------- ----------------------------- -----------------------
Nominal Delta
--------------- ------------- ------------- --------------- ----------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------- -------------------------------------------------------------------
44,042,363 7.61%
------------------------------------------------- -------------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
----------------------------------------------------------------------------------------------------
Proxy Voting:
----------------------------------------------------------------------------------------------------
10. Name of the proxy holder:
------------------------------------------------------------- -------------------------------------
11. Number of voting rights proxy
holder will cease
to hold:
------------------------------------------------------------- -------------------------------------
12. Date on which proxy holder will
cease to hold
voting rights:
------------------------------------------------------------- -------------------------------------
The percentage of David Archer's
13. Additional information: total voting rights in sections
A and B are calculated on
a fully diluted basis. David
Archer has not reduced his
shareholding, and this notification
is as a result of a subsequent
dilution of David Archer's
total voting rights based
on Savannah's recent issue
of 20,000,000 ordinary shares
in respect of the purchase
of mining assets in Portugal.
------------------------------------------------------------- -------------------------------------
14. Contact name: David Archer
------------------------------------------------------------- -------------------------------------
15. Contact telephone number: +44 207 117 2489
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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