Grant of Options

RNS Number : 1283A

Greatland Gold PLC

07 September 2018

 

 

7 September 2018

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

Greatland Gold plc

("Greatland" or "the Company")

Grant of Options

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, announces the grant of the following performance share options to directors and key employees.

Director	Position	Number of Options	Exercise Price	Expiry Date
Alex Borrelli	Non-Executive Chairman	2,500,000 2,500,000	1.4p 2.0p	6 Sep 2022
Gervaise Heddle	Chief Executive Officer	14,000,000 14,000,000	1.4p 2.0p	6 Sep 2022
Callum Baxter	Chief Technical Officer	14,000,000 14,000,000	1.4p 2.0p	6 Sep 2022
Key Employees	Various Positions	9,000,000 9,000,000	1.4p 2.0p	6 Sep 2022

Each option has a 12 month vesting period and entitles the holder upon exercise to one ordinary share of 0.1 pence in the capital of the Company ("Ordinary Shares"). All options have a life of three years from the vesting date. All options will vest immediately upon a change of control event.

Following the grant of options to directors, the resultant total directors' shareholdings are as follows:

Director	Position	Shares Held	Options Held
Alex Borrelli	Chairman	13,000,000	51,500,000
Gervaise Heddle	Chief Executive Officer	4,250,000	98,500,000
Callum Baxter	Chief Technical Officer	24,572,951	98,500,000

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: Alex Borrelli Chairman Gervaise Heddle Chief Executive Officer Callum Baxter Chief Technical Officer Gemma Cryan Geology Manager
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	Grant of options over Ordinary Shares
d)	Price(s) and volume(s)	Price at grant: Nil Exercise Price:  1.4 pence per Ordinary Share Volume(s) Alex Borrelli 2.5 million Gervaise Heddle 14 million Callum Baxter 14 million Gemma Cryan 3 million Price at grant: Nil Exercise Price:  2.0 pence per Ordinary Share Volume(s) Alex Borrelli 2.5 million Gervaise Heddle 14 million Callum Baxter 14 million Gemma Cryan 3 million
e)	Aggregated information -     Aggregated volume -     Price	Nil, grant of options only
f)	Date of the transactions	7 September 2018
f)	Place of the transactions	Off-market

Enquiries:

Greatland Gold PLC

Gervaise Heddle/Callum Baxter

Tel: [phone]

Email:  [e-mail]

www.greatlandgold.com

SPARK Advisory Partners Limited (Nominated Adviser)

Mark Brady/Andrew Emmott/James Keeshan

Tel: [phone]

SI Capital Limited (Broker)

Nick Emerson/Alan Gunn

Tel:  [phone]

Luther Pendragon (Media and Investor Relations)

Harry Chathli/Ana Ribeiro/Alexis Gore

Tel: [phone]

Notes for Editors:

Greatland Gold plc (AIM: GGP) is a London listed natural resource exploration and development company with a current focus on gold, nickel and cobalt exploration projects.  

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

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

 

 

DSHKDLBBVKFFBBB