TIDMGGP
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 GBP218,750. 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
GBP102,500. 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.
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Company directors/officers:
Name Clive Latcham Non-Executive Director
-----------------------
------------------------------- ------------------------------------------------------------
Reason for the notification
2.
---------------------------------------------------------------------------------------------
a) Position/status See 1(a) above for all positions -
all classified as PDMRs of the Company
------------------------------- ------------------------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------------
a) Name Greatland Gold plc
------------------------------- ------------------------------------------------------------
b) LEI 213800KMN7LDF4VRPQ10
------------------------------- ------------------------------------------------------------
Details of the transaction(s): section to be repeated
4. 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
9 January Exercise
2023 of Options 8,750,000 2.5p
------------- ---------- ------
S ale of
9 January Ordinary
2023 Shares 5,600,000 8.30p
------------- ---------- ------
------------------------------- ------------------------------------------------------------
e) Aggregated information Transaction Type Amount Price
- Aggregated volume Exercise of Options 8,750,000 2.5p
- Price ---------- ------
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.
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Company directors/officers:
Name Alex Borrelli Non-Executive Director
-----------------------
------------------------------- -------------------------------------------------------------
Reason for the notification
2.
----------------------------------------------------------------------------------------------
a) Position/status See 1(a) above for all positions -
all classified as PDMRs of the Company
------------------------------- -------------------------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- -------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------------
a) Name Greatland Gold plc
------------------------------- -------------------------------------------------------------
b) LEI 213800KMN7LDF4VRPQ10
------------------------------- -------------------------------------------------------------
Details of the transaction(s): section to be repeated
4. 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) Alex Borrelli Date Transaction Amount Price
Type
9 January Exercise
2023 of Options 25,000,000 0.2p
------------- ----------- ------
9 January Exercise
2023 of Options 7,500,000 0.7p
------------- ----------- ------
S ale of
9 January Ordinary
2023 Shares 19,200,000 8.30p
------------- ----------- ------
------------------------------- -------------------------------------------------------------
e) Aggregated information Transaction Type Amount Price
- Aggregated volume Exercise of Options 25,000,000 0.2p
- Price ----------- ------
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 info@greatlandgold.com
Shaun Day 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 Lee/Jack Botros +44 (0)20 3207 7800
Canaccord Genuity (Joint Corporate Broker
and Financial Adviser)
James Asensio/Patrick Dolaghan +44 (0)20 7523 8000
SI Capital Limited (Joint Broker)
Nick Emerson/Sam Lomanto +44 (0)14 8341 3500
Gracechurch Group (Media and Investor Relations)
Harry Chathli/Alexis Gore/Henry Gamble +44 (0)20 4582 3500
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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END
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