Exercise of Options and Director Dealing

RNS Number : 3514N

Greatland Gold PLC

19 May 2020

 

19 May 2020

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

Greatland Gold plc

("Greatland" or "the Company")

Exercise of Options and Director Dealing

Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development company, announces the exercise of options and sale of shares by Gervaise Heddle, Chief Executive Officer.

The Company has received a binding option exercise notice from Gervaise Heddle, Chief Executive Officer, for 17,500,000 options at 0.7 pence per share for a total consideration of £122,500. As a result of the option conversion, 17,500,000 new ordinary shares are expected to be admitted to trading on or around 27 May 2020 ("Admission").

Following Admission, the total issued share capital of the Company will consist of 3,688,391,766 ordinary shares.  As such the total number of voting rights in the Company will be 3,688,391,766 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 in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

The Company has also been notified that, in order to cover the cost of the option exercise and associated taxes,   Gervaise Heddle has sold 4,500,000 ordinary shares of 0.1 pence in the capital of the Company ("Ordinary Shares") at a price of 9.25 pence for a total consideration of £416,250 on 18 May 2020.

Following the option exercise and sale of shares, Gervaise Heddle has an increased holding of 68,750,000 Ordinary Shares, representing 1.9% of the issued share capital of the Company. Additionally, he has 46,000,000 share options at various strike prices.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Company directors/officers: Gervaise Heddle Chief Executive Officer
2.	Reason for the notification
a)	Position/status	See 1(a) above for all positions - all classified as PDMRs of the Company
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Greatland Gold plc
b)	LEI	213800KMN7LDF4VRPQ10
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary Shares of 0.1 pence each
b)	Identification code	GB00B15XDH89
c)	Nature of the transactions	Exercise of Options over Ordinary Shares & Sale of Shares
d)	Price(s) and volume(s)	Gervaise Heddle Date Transaction Type Amount Price 18 May 2020 Exercise of Options 17,500,000 0.7p 18 May 2020 S ale of Ordinary Shares 4,500,000 9 .25 p
e)	Aggregated information -  Aggregated volume -  Price	Transaction Type Amount Price Exercise of Options 17,500,000 0.7p Sale of Ordinary Shares 4,500,000 9.25p
f)	Date of the transactions	18 May 2020
f)	Place of the transactions	London Stock Exchange, AIM Market (XLON)

Enquiries:

Greatland Gold PLC

Gervaise Heddle/Callum Baxter

Tel: [phone]

Email: [e-mail]

www.greatlandgold.com

SPARK Advisory Partners Limited (Nominated Adviser)

Andrew Emmott/James Keeshan

Tel: [phone]

SI Capital Limited (Joint Broker)

Nick Emerson/Alan Gunn

Tel:  [phone]

Numis Securities Limited (Joint Broker)

John Prior/Paul Gillam/Alamgir Ahmed

Tel: [phone]

Luther Pendragon (Media and Investor Relations)

Harry Chathli/Alexis Gore/Joe Quinlan

Tel: [phone]

Notes for Editors:

Greatland Gold plc is a London Stock Exchange AIM-listed (AIM:GGP) natural resource exploration and development company with a current focus on precious and base metals.

The Company has six main projects; four situated in Western Australia and two in Tasmania. All projects are 100% owned by Greatland.

In March 2019, Greatland signed a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to explore and develop Greatland's Havieron gold-copper deposit in the Paterson region of Western Australia. Newcrest has the right to earn up to a 70% interest in a 12-block area within E45/4701 that covers the Havieron target by spending up to US$65 million.

Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously. It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.

The Company is also actively investigating a range of new opportunities in precious and strategic metals and will update the market on new opportunities as and when appropriate.

 

END

 

 

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