Savannah Resources PLC Exercise of Warrants & Options (8264R)
June 19 2018 - 2:30AM
UK Regulatory
TIDMSAV
RNS Number : 8264R
Savannah Resources PLC
19 June 2018
19 June 2018
Savannah Resources Plc
Exercise of Warrants & Options
Savannah Resources plc (AIM:SAV) ('Savannah') or the 'Company'),
the AIM quoted resource development company, announces that it has
issued 3,051,190 new ordinary shares of 1 pence each in the capital
of the Company ("Ordinary Shares") at exercise prices of 6 pence
per share and 4.62 pence per share (the "New Shares"), following
the exercise of warrants and share options as per the table
below:
Exercise price No. of warrants/options being exercised
6p 1,476,190
4.62p 1,575,000
Total: 3,051,190
Application will be made for the New Shares, which will rank
pari passu with existing Ordinary Shares, to be admitted to trading
on AIM ('Admission'). It is expected that Admission will become
effective and dealings will commence at 8:00 a.m. on or around 22
June 2018.
Total Voting Rights & Regulatory Information
Following Admission, the total issued share capital of the
Company will consist of 701,216,730 Ordinary Shares. This number
may be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their
interest, or a change to their interest in, the Company under the
FCA's Disclosure and Transparency Rules.
This Announcement contains inside information for the purposes
of Article 7 of the Regulation (EU) 596/2014.
**ENDS**
For further information please visit www.savannahresources.com
or contact:
David Archer Savannah Resources plc Tel: +44 20 7117
2489
David Hignell / Dugald Northland Capital Partners Tel: +44 20 3861
J. Carlean (Nominated Adviser) Ltd 6625
Christopher Raggett / Camille finnCap Ltd Tel: +44 20 7220
Gochez (Broker) 0500
Grant Barker (Equity Adviser) Whitman Howard Tel: +44 020 7659
1225
Charlotte Page / Lottie St Brides Partners Ltd Tel: +44 20 7236
Wadham 1177
(Financial PR)
About Savannah
We are 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. We are committed to serving the interests
of our shareholders and to delivering outcomes that will improve
the lives of our staff and the communities we work with.
The group is listed and regulated on AIM and the Company's
ordinary shares are also available on 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 rns@lseg.com or visit www.rns.com.
END
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