Business
Exercise of Options and PDMR Notification
Exercise of Options and PDMR Notification.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 7270Y Savannah Resources PLC 03 January 2020 \n\n \n3 January 2020 \nSavannah Resources Plc\n \nExercise of Options and PDMR Notification\n \nSavannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah' or the 'Company'), the AIM quoted resource development company announces that it has issued 1,500,000 ordinary shares in the Company of par value £0.01 ('Ordinary Shares') following the exercise of options ('Options') over Ordinary Shares as summarised below.\n \nThe Options have been exercised by Matthew King, the Company's Chairman, who is considered to be a person discharging managerial responsibilities for the purpose of the EU Market Abuse Regulation (Regulation (EU) No. 596/2014). \n \nMr. King has exercised Options over 1,500,000 Ordinary Shares at £0.0276 each, totalling £41,400 cash. Following the exercise of these Options Mr King will be the beneficial holder of 2,604,028 Ordinary Shares in the Company, representing 0.2% of the Company's issued share capital with voting rights. \n \nAdmission and Total Voting Rights\n \nPursuant to the exercise of the Options, application will be made for 1,500,000 new Ordinary Shares, which will rank pari passu with existing Ordinary Shares, to be admitted to AIM ('Admission'). It is expected that Admission will become effective and dealings will commence at 8:00am on or around 9 January 2020. \n \nFollowing Admission, the total issued share capital of the Company will consist of 1,298,959,820 Ordinary Shares. As such, the total number of voting rights in the Company will be 1,298,959,820 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.\n \nRegulatory Information \n \nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.\n \n \nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.\n \n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\nMatthew...