19 June 2023
Savannah Resources Plc
(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah', 'Savannah Resources' or the 'Company')
Result of Annual General Meeting
Savannah Resources plc, the European lithium development company, is pleased to advise that all resolutions were duly passed at its Annual General Meeting held earlier today.
For information, the proxy votes received in relation to the resolutions were as follows:
|
RESOLUTION MATTER |
VOTES FOR |
VOTES AGAINST |
VOTES DISCRETIONARY |
VOTES WITHHELD |
VOTES TOTAL |
|
1. To receive the report of the Directors and the audited Financial Statements of the Company for the year ended 31 December 2022. |
341,591,299 |
12,600 |
20,000 |
142,415 |
341,766,314 |
|
2. To re-appoint Dale Ferguson as a Director of the Company. |
341,218,188 |
140,633 |
20,000 |
387,493 |
341,766,314 |
|
3. To re-appoint James Leahy as a Director of the Company. |
341,196,088 |
162,733 |
20,000 |
387,493 |
341,766,314 |
|
4. To re-appoint Diogo da Silveira as a Director of the Company. |
341,218,188 |
140,633 |
20,000 |
387,493 |
341,766,314 |
|
5. To re-appoint BDO LLP as auditors of the Company and to authorise the Directors to determine the remuneration of the auditors. |
341,264,960 |
298,939 |
20,000 |
182,415 |
341,766,314 |
|
6. To authorise the Directors to exercise all or any of the powers of the Company to allot equity securities up to a maximum nominal amount of £6,750,000. |
340,400,592 |
1,164,175 |
20,000 |
181,547 |
341,766,314 |
|
7. To empower the Directors to dis-apply statutory pre-emption rights up to a maximum aggregate nominal amount of £5,900,000. |
336,622,683 |
4,862,084 |
20,000 |
261,547 |
341,766,314 |
Regulatory Information
This Announcement contains inside information for the purposes of the UK version of the market abuse regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").
Savannah Resources - Enabling Europe's energy transition.
**ENDS**
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For further information please visit www.savannahresources.com or contact:
|
Savannah Resources PLC Dale Ferguson, CEO
|
Tel: 44 20 7117 2489
|
|
SP Angel Corporate Finance LLP (Nominated Advisor & Joint Broker) David Hignell/ Charlie Bouverat (Corporate Finance) Grant Barker/Abigail Wayne (Sales & Broking)
|
Tel: 44 20 3470 0470
|
|
RBC Capital Markets (Joint Broker) Farid Dadashev/ Jamil Miah
|
Tel: 44 20 7653 4000 |
|
Camarco (Financial PR) Gordon Poole/ Emily Hall / Fergus Young |
Tel: 44 20 3757 4980 |
|
|
|
|
LPM ( Portugal Media Relations) Herminio Santos/ Jorge Coelho |
Tel: 351 218 508 110 |
About Savannah
Savannah Resources is a mineral resource development company and sole owner of the Barroso Lithium Project in northern Portugal.
Savannah is focused on the responsible development and operation of the Barroso Lithium Project so that its impact on the environment is minimised and the socio-economic benefits that it can bring to all its stakeholders are maximised. Through the Barroso Lithium Project, Savannah can help Portugal to play an important role in providing a long-term, locally sourced, lithium raw material supply for Europe's rapidly developing lithium battery value chain. Production is targeted to begin in 2026, producing enough lithium for 0.5m vehicle battery packs per year.
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".
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