Savannah Resources PLC Nominated Adviser Status (2565G)
November 05 2018 - 1:00AM
UK Regulatory
TIDMSAV
RNS Number : 2565G
Savannah Resources PLC
05 November 2018
5 November 2018
Savannah Resources Plc
Nominated Adviser Status
Savannah Resources plc (AIM: SAV and SWB: SAV) ('Savannah' or
'the Company'), the AIM quoted resource development company,
announces that the Directors have been advised by its current
nominated adviser ("Nomad"), Northland Capital Partners Limited
("Northland") of its proposed merger with SP Angel Corporate
Finance LLP ("SP Angel"). Northland has voluntarily agreed to
relinquish its Nomad status and will be removed from the register
of Nomads with effect from 7am on 1 February 2019.
As a result, it is the intention of the Directors to transition
the Company's Nomad role from Northland to SP Angel. This process
has already started and at present the Company anticipates a smooth
and orderly transition of the Nomad role.
However, the Company recognises that the merger remains subject
to regulatory approvals and due diligence. In accordance with AIM
Rule 1, if in the unlikely event that the Company fails to appoint
a new Nomad by 1 February 2019 the Exchange will suspend trading in
the Company's AIM Securities. In the unlikely event that the
Company has failed to appoint a replacement Nomad by 4 March 2019
the admission of its AIM Securities will be cancelled.
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:
David Archer Savannah Resources Tel: +44 20 7117 2489
plc
David Hignell / Dugald J. Northland Capital Tel: +44 20 3861 6625
Carlean (Nominated Adviser) Partners Limited
Christopher Raggett / Camille finnCap Ltd Tel: +44 20 7220 0500
Gochez (Broker)
Grant Barker (Equity Adviser) Whitman Howard Tel: +44 20 7659 1225
Charlotte Page / Lottie St Brides Partners Tel: +44 20 7236 1177
Wadham (Financial PR) Ltd
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 our staff and the
communities we work with.
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: AFM, 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 rns@lseg.com or visit www.rns.com.
END
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