Exercise of Options and Director Dealing

RNS Number : 2344M

Greatland Gold PLC

10 January 2023

 

10 January 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATIONS.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Greatland Gold plc

("Greatland" or "the Company")

Exercise of Options and Director Dealing

Greatland Gold plc (AIM:GGP), a mining development and exploration company with a focus on precious and base metals, announces the exercise of options and sale of shares by Non-Executive Directors, Clive Latcham and Alex Borrelli.

Following exercise of the options and sale of shares both Non-Executive Directors will have increased their shareholding in Greatland. The relevant options needed to be exercised ahead of expiry and proceeds from the sale of these shares will principally meet the exercise price and tax liabilities.

Clive Latcham, Non-Executive Director, has exercised options over 8,750,000 Ordinary Shares at a price of 2.5 pence per share for a total consideration of £218,750. He has retained 3,150,000 of the resulting shares, and sold 5,600,000 of the resulting shares to fund the associated exercise costs and tax liabilities. As a result of this transaction, Clive Latcham's shareholding has now increased to 3,150,000 Ordinary Shares in the Company, representing 0.06% of the total voting rights. Clive Latcham retains 2,750,000 share options in the Company at various strike prices.

Alex Borelli, Non-Executive Director, has exercised options over 7,500,000 options at 0.7 pence per share and for 25,000,0000 options at 0.2 pence per share for a total consideration of £102,500. He has retained 13,300,000 of the resulting shares, and sold 19,200,000 of the resulting shares to fund the associated exercise costs and tax liabilities. As a result of this transaction, Alex Borelli's shareholding has now increased to 26,403,372 Ordinary Shares in the Company, representing 0.52% of the total voting rights. Alex Borelli retains 19,000,000 share options in the Company at various strike prices.

Admission of shares and total voting rights

As a result of these option conversions, 41,250,000 new ordinary shares will be admitted to trading under the Block Listing Application dated 4 January 2023.

Following Admission, the total issued share capital of the Company will consist of 5,057,126,282 ordinary shares. As each ordinary share carries the right to one vote, the total number of voting rights in the Company will be 5,057,126,282. 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 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: Clive Latcham Non-Executive Director
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)	Clive Latcham Date Transaction Type Amount Price 9 January 2023 Exercise of Options 8,750,000 2.5p 9 January 2023 S ale of Ordinary Shares 5,600,000 8.30p
e)	Aggregated information -  Aggregated volume -  Price	Transaction Type Amount Price Exercise of Options 8,750,000 2.5p Sale of Ordinary Shares 5,600,000 8.30p
f)	Date of the transactions	9 January 2023
g)	Place of the transactions	London Stock Exchange, AIM Market (XLON)

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: Alex Borrelli Non-Executive Director
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)	Alex Borrelli Date Transaction Type Amount Price 9 January 2023 Exercise of Options 25,000,000 0.2p 9 January 2023 Exercise of Options 7,500,000 0.7p 9 January 2023 S ale of Ordinary Shares 19,200,000 8.30p
e)	Aggregated information -  Aggregated volume -  Price	Transaction Type Amount Price Exercise of Options 25,000,000 0.2p Exercise of Options 7,500,000 0.7p Sale of Ordinary Shares 19,200,000 8.30p
f)	Date of the transactions	9 January 2023
g)	Place of the transactions	London Stock Exchange, AIM Market (XLON)

Enquiries:

Greatland Gold PLC Shaun Day		[e-mail] www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated Adviser) Andrew Emmott/James Keeshan		[phone]
Berenberg (Joint Corporate Broker and Financial Adviser) Matthew Armitt/Jennifer Lee/Jack Botros		[phone]
Canaccord Genuity (Joint Corporate Broker and Financial Adviser) James Asensio/Patrick Dolaghan		[phone]
SI Capital Limited (Joint Broker) Nick Emerson/Sam Lomanto		[phone]
Gracechurch Group (Media and Investor Relations) Harry Chathli/Alexis Gore/Henry Gamble		[phone]

Notes for Editors:

Greatland Gold plc (AIM:GGP) is a mining development and exploration company with a focus on   precious and base metals.

Greatland has a proven track record of discovery and exploration success. It is pursuing the next generation of tier-one mineral deposits by applying advanced exploration techniques in under-explored regions. The Company is focused on safe, low-risk jurisdictions and is strategically positioned in the highly prospective Paterson region. Greatland has a total of four projects across Australia with a focus on becoming a multi-commodity mining company of significant scale.

 

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