Greatland Gold PLC Exercise of Options and Director Dealing (8363G)
29 July 2021 - 4:00PM
UK Regulatory
TIDMGGP
RNS Number : 8363G
Greatland Gold PLC
29 July 2021
29 July 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014
WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL)
ACT 2018, AS AMENDED. 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), the precious and base metals
mining and exploration company and Joint Venture owner of the world
class Havieron gold-copper project , announces the exercise of
options and sale of shares by Clive Latcham, Non-Executive
Director.
The Company has received a binding option exercise notice from
Clive Latcham, Non-Executive Director, for 250,000 options at 3.0
pence per share for a total consideration of GBP7,500. As a result
of the option conversion, 250,000 new ordinary shares are expected
to be admitted to trading on or around 4 August 2021
("Admission").
The Company has also been notified that Clive Latcham has sold
250,000 ordinary shares of 0.1 pence in the capital of the Company
("Ordinary Shares") at a price of 17.5125 pence for a total
consideration of GBP43,781 on 28 July 2021.
Following the option exercise and sale of shares, Clive Latcham
has no holding of Ordinary Shares, and retains 11,500,000 share
options in the Company at various strike prices.
Total Voting Rights
Following Admission, the total issued share capital of the
Company will consist of 3,947,520,143 ordinary shares. As such the
total number of voting rights in the Company will be 3,947,520,143
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 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) Company directors/officers:
Name 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 Ordinary Shares of 0.1 pence each
financial instrument
------------------------------- --------------------------------------------------------------
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 Amount Price
Type
28 July Exercise of
2021 Options 250,000 3.0p
------------------- -------- ---------
28 July S ale of Ordinary
2021 Shares 250,000 17.5125p
------------------- -------- ---------
------------------------------- --------------------------------------------------------------
e) Aggregated information Transaction Type Amount Price
- Aggregated volume Exercise of Options 250,000 3.0p
- Price -------- ---------
Sale of Ordinary Shares 250,000 17.5125p
-------- ---------
------------------------------- --------------------------------------------------------------
f) Date of the transactions 28 July 2021
------------------------------- --------------------------------------------------------------
g) Place of the transactions London Stock Exchange, AIM Market (XLON)
------------------------------- --------------------------------------------------------------
Enquiries:
Greatland Gold PLC +44 (0)20 3709 4900
Shaun Day/Callum Baxter info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated
Adviser)
Andrew Emmott/James Keeshan +44 (0)20 3368 3550
Berenberg (Joint Corporate Broker and Financial
Adviser)
Matthew Armitt/Jennifer Wyllie/Detlir Elezi +44 (0)20 3207 7800
Canaccord Genuity (Joint Corporate Broker
and Financial Adviser)
James Asensio/Patrick Dolaghan +44 (0)20 7523 8000
Hannam & Partners (Joint Corporate Broker
and Financial Adviser)
Andrew Chubb/Matt Hasson/Jay Ashfield +44 (0)20 7907 8500
SI Capital Limited (Joint Broker)
Nick Emerson/Alan Gunn +44 (0)14 8341 3500
Luther Pendragon (Media and Investor Relations)
Harry Chathli/Alexis Gore/Joe Quinlan +44 (0)20 7618 9100
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's flagship asset is the world class Havieron
gold-copper project in the Paterson region of Western Australia.
This asset is held in joint venture with Newcrest Mining Ltd.
Havieron is located approximately 45km east of Newcrest's Telfer
gold mine, processing plant and existing infrastructure.
The box cut for the decline to develop the Havieron ore body was
commenced in February 2021. The portal was complete in April 2021
and the decline commenced later that month. In addition, a
substantial ongoing growth drilling programme is presently underway
at Havieron which is being undertaken in conjunction with
preparation of a Pre-Feasibility Study ("PFS"). Newcrest is
managing the preparation of the PFS which is expected to be
released in H2 2021.
The Joint Venture Agreement includes tolling principles
reflecting the intention of the parties that, subject to a
successful exploration programme and feasibility study and a
positive decision to mine, the resulting joint venture mineralised
material will be processed at Telfer.
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 actively investigating a range of new
opportunities in Australia for precious and strategic metals and
will update the market on new opportunities as and when
appropriate.
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END
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