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Savannah Resources PLC

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Market:
AIM
Market Cap:
£27.25 m
Price
2.10 GBX
Change
-4.55%
52 weeks high
6.60
52 weeks low
1.90

Savannah has a defined development programme in order to maximise value from its multi-commodity portfolio in Portugal, Oman and Mozambique and aims to build a global development and ultimately production company.

The Company maintains an active growth strategy and will continue to target additional multi-commodity projects that add value and complement the existing portfolio.

The Board

Matthew King - Chairman

A graduate in law from Durham University, Matthew is currently a Director of Funding Circle Limited a leading peer-to-peer lending platform and of Allsop MyRa Limited, a provider of specialist risk management solutions. He is also a member of the Expert Panel of Cambridge Governance Labs, an inter-disciplinary initiative at the University of Cambridge with a mission to provide practical tools to aid decision-making with a particular focus on Africa. Having qualified as a solicitor with Slaughter and May, he held a number of risk management positions with HSBC in Asia, Australia, the Americas and Europe. He has a wealth of experience in both developed and developing countries and is Chairman of the Funding Circle Limited Audit Committee.

 

David Archer - Chief Executive Officer

David is a non-practising Barrister of the Supreme Court of New South Wales, holds a B.Ec and is a Fellow of the Australasian Institute of Mining and Metallurgy. He has had wide experience in the mining industry for over 30 years, with specific expertise in the development and operation of copper/gold projects. David has held executive and non-executive roles in a number of listed companies and has been actively involved in the international resources industry. He is the Senior Independent Director of Anglo Pacific Group Plc. He is the former Managing Director and Deputy Chairman of Savage Resources Limited, Managing Director of Hillgrove Resources Limited, Executive Chairman of PowerTel Limited and Chairman of Hostworks Group Limited. He was a director of Eastern Star Gas Limited from 2006 to 2009.

 

Dale Ferguson - Technical Director

Dale graduated in 1993 with a BSc with 1st Class Honours, Double Major in Geology, from Latrobe University, Melbourne and is a Member of the Australasian Institute of Mining and Metallurgy.  He has over 20 years’ experience in the resources industry with Hillgrove Resources Limited, Thundelarra Exploration, Savage Resources Limited and Gasgoyne Gold Mines. His experience spans greenfields and near mine exploration, resource delineation, feasibility studies, due diligence investigations and mine development and operations.

 

Maqbool Ali Sultan - Non Excutive Director

Mr Maqbool Ali Sultan has significant business experience in Oman, the Middle East and internationally. In 1987 he was elected as President of the Oman Chamber of Commerce & Industry before being appointed as Minister of Commerce and Industry in 1991, a role which he held until 2011. During this time he represented the Government of Oman in a number of organisations, including as Chairman of Oman Oil Co., Chairman of Sohar Industrial Port, Chairman of Capital Market Authority, and as a Member of the Executive Committee of the State General Reserve Fund. Since 2011 he has been Group Advisor of W J Towell and Co. LLC*. He is also the Chairman of the Omani British Friendship Association.

 

Imad Kamal Abdul Redha Sultan - Non Exective Director
 

Mr Imad Kamal Abdul Redha Sultan is Vice Chairman and Deputy Managing Director of W J Towell and Co. LLC*. Having started his career as a Trainee Marketing Executive, Mr Imad Kamal Abdul Redha Sultan joined W J Towell as a Business Development Manager in 1995, before advancing to his current role. He has accrued extensive managerial and board experience during his time with the company and currently serves as director and/or chairman on a number of W J Towell Group companies including Towell Engineering Cluster, Nestlé Oman Trading LLC and General Electric & Trading Company LLC. Other notable board positions held include serving as a director on the boards of the National Bank of Oman and Ominvest in the past, and National Hospitality Institute & Oman Arab Bank at present.

 

James Leahy - Non Executive Director


James has more than 32 years’ experience in financial services, with a specialisation in commodities. Having begun his career at the London Metal Exchange, James has held a variety of roles, including analyst, equity salesman and specialist corporate broker, which covered mining finance, origination and distribution. He has worked on a wide range of projects worldwide, ranging from industrial minerals, coal, iron ore, precious metals, copper, diamonds, lithium, uranium, plantations, forestry and palm oil. Over the course of his career he has worked at James Capel, Credit Lyonnais, Nedbank, Canaccord and Mirabaud. Most recently, James has gained executive experience serving as an independent director on the Boards of a number of quoted and unquoted companies.

 

 

Registered Address

Salisbury House
London Wall
London
EC2M 5PS

Advisers

 

Joint Company Secretary:

S F Ronaldson and M McGarty |
Salisbury House,
London Wall,
London, EC2M 5PS

Nominated Adviser:

SP Angel Corporate Finance LLP |
Prince Frederick House,
35-39 Maddox Street, London,
W1S 2PP

Broker: FinnCap Ltd |
60 New Broad St,
London,
EC2M 1JJ
Solicitors to the Company
as to English law:
Druces LLP
Salisbury House
London Wall
London
EC2M 5PS
Auditors to the Company: BDO LLP
Chartered Accountants & Registered Auditors |
55 Baker Street,
London,
W1U 7EU
Bankers: NatWest Bank Plc.
St James' & Piccadilly Branch |
PO Box 2DG,
208 Piccadilly,
London
W1A 2DG
Registrars: Share Registrars Limited |
The Courtyard,
17 West Street,
Farnham,
Surrey,
GU9 7DR
Financial Public Relations: St Brides Partners Ltd |
Salisbury House,
London Wall,
London, EC2M 5PS

 

Shareholder Analysis

Financial summary Index AIM ALL / FWB
Status: AIM / FWB
Stock Code: SAV / SAV
Sector: Mining
Financial year end: 31 December
Total issued share capital: 1,047,459,820
Total voting capital: 1,047,459,820
Percentage share capital not in public hands 44.66%

 

Key Shareholders as at 20 June 2019 which hold more than 3% in the Company:

 

Name of Shareholder Number of Shares Percentage of issued share capital
Al Marjan Ltd 208,262,589 19.88%
Slipstream Resources Investments Pty Ltd 167,250,000 15.97%
Husain Salman Ghulam Al-Lawati  42,019,792 4.01%
David Archer (Director) 41,756,649 3.99%
Effective Investments Pty Ltd 39,100,000 3.73%

 

Advisers

 

Joint Company Secretary:

S F Ronaldson and M McGarty |
Salisbury House,
London Wall,
London, EC2M 5PS

Nominated Adviser:

SP Angel Corporate Finance LLP |
Prince Frederick House,
35-39 Maddox Street, London,
W1S 2PP

Broker: FinnCap Ltd |
60 New Broad St,
London,
EC2M 1JJ
Solicitors to the Company
as to English law:
Druces LLP
Salisbury House
London Wall
London
EC2M 5PS
Auditors to the Company: BDO LLP
Chartered Accountants & Registered Auditors |
55 Baker Street,
London,
W1U 7EU
Bankers: NatWest Bank Plc.
St James' & Piccadilly Branch |
PO Box 2DG,
208 Piccadilly,
London
W1A 2DG
Registrars: Share Registrars Limited |
The Courtyard,
17 West Street,
Farnham,
Surrey,
GU9 7DR
Financial Public Relations: St Brides Partners Ltd |
Salisbury House,
London Wall,
London, EC2M 5PS