Bubble Wrap maker Sealed Air surges on report of buyout talks
LONDON - Savannah Resources plc (AIM:SAV) announced Thursday a conditional retail offer of new ordinary shares priced at 3.7p per share, representing a 2.63 percent discount to the company’s closing mid-price on November 5.
The European lithium development company is conducting the retail offer alongside an institutional placing and direct subscription with three of its largest shareholders, including AMG Lithium B.V., board members, and management.
The fundraising aims to acquire the Aldeia Mining Lease, which comprises three areas located adjacent to the company’s 100% owned C-100 Mining Lease at its Barroso Lithium Project, and to advance other workstreams that will maintain the project’s development schedule beyond the Definitive Feasibility Study expected in the first half of 2026.
UK-based retail investors can participate through RetailBook’s partner network of investment platforms, retail brokers, and wealth managers, with a minimum subscription of £250. Applications can be made through tax-efficient savings vehicles such as ISAs or SIPPs, as well as General Investment Accounts.
The retail offer is expected to close at noon on November 11, 2025, though it may close earlier if oversubscribed. The company stated that no commission will be charged by RetailBook on applications.
The new shares, when issued, will rank equally with existing ordinary shares including the right to receive dividends. Admission to trading on AIM is expected around November 13, 2025.
According to the press release statement, the retail offer is conditional on the shares being admitted to trading on AIM and will not be completed without the institutional placing also being completed.
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