GGP Greatland Gold Plc

TIDMGGP

RNS Number : 5204N

Greatland Gold PLC

25 September 2023

Greatland Gold plc (AIM: GGP)

E: info@greatlandgold.com

W: https://greatlandgold.com

: twitter.com/greatlandgold

NEWS RELEASE | 25 September 2023

Exercise of Options and Director Dealing

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 (AIM:GGP; Greatland or Company) announces the exercise of options and partial sale of shares (to fund exercise consideration and tax liabilities) by Non-Executive Director, Clive Latcham.

The Company has received binding option exercise notices in respect of the following options (Options):

 
 Holder            Grant date     Number of options   Exercise price (p)   Total consideration 
===============  ==============  ==================  ===================  ==================== 
 Clive Latcham    26 Sept 2019        1,500,000              2.50               GBP37,500 
===============  ==============  ==================  ===================  ==================== 
 Clive Latcham    26 Sept 2019        1,250,000              3.00               GBP37,500 
===============  ==============  ==================  ===================  ==================== 
 Total                                2,750,000               -                 GBP75,000 
===============================  ==================  ===================  ==================== 
 

Following exercise of the Options, Clive Latcham has retained 700,000 shares, and sold 2,050,000 shares to fund the associated exercise costs and tax liabilities. Clive Latcham's shareholding has now increased to 3,850,000 shares in the Company, representing 0.08% of the total voting rights. Clive Latcham does not hold any further share options in the Company.

Admission of shares and total voting rights

As a result of the exercise of the Options, an application will be made to the London Stock Exchange for 2,750,000 new fully paid ordinary shares (New Shares) to be admitted to trading on AIM (Admission). The New Shares will be issued conditional on Admission. Admission is expected to occur at 8.00am on 29 September 2023.

Following Admission, the total issued share capital of the Company will consist of 5,071,376,282 ordinary shares. As each ordinary share carries the right to one vote, the total number of voting rights in the Company will be 5,071,376,282. 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 for (i) 
  4.    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 and 
                                         Sale of Ordinary Shares 
      -------------------------------  ---------------------------------------------------------------------- 
 d)    Price(s) and volume(s)           Clive Latcham Date           Transaction Type       Amount      Price 
                                          24 Sep 2023    Exercise of Options    1,500,000   2.5p 
                                                        ---------------------  ----------  ------ 
                                          24 Sep 2023    Exercise of Options    1,250,000   3.0p 
                                                        ---------------------  ----------  ------ 
                                                         Sale of Ordinary 
                                          24 Sep 2023     Shares                2,050,000   6.8p 
                                                        ---------------------  ----------  ------ 
      -------------------------------  ---------------------------------------------------------------------- 
 e)    Aggregated information             Transaction Type           Amount      Price 
        - Aggregated volume                Exercise of Options        1,500,000   2.5p 
        - Price                                                      ----------  ------ 
                                           Exercise of Options        1,250,000   3.0p 
                                                                     ----------  ------ 
                                           Sale of Ordinary Shares    2,050,000   6.8p 
                                                                     ----------  ------ 
      -------------------------------  ---------------------------------------------------------------------- 
 f)    Date of the transactions         24 September 2023 
      -------------------------------  ---------------------------------------------------------------------- 
 g)    Place of the transactions        London Stock Exchange, AIM Market (XLON) 
      -------------------------------  ---------------------------------------------------------------------- 
 

Contact

For further information, please contact:

Greatland Gold plc

Shaun Day, Managing Director | info@greatlandgold.com

Nominated Adviser

SPARK Advisory Partners

Andrew Emmott / James Keeshan / Neil Baldwin | +44 203 368 3550

Corporate Brokers

Berenberg | Matthew Armitt / Jennifer Lee | +44 203 368 3550

Canaccord Genuity | James Asensio / George Grainger | +44 207 523 8000

SI Capital Limited | Nick Emerson / Sam Lomanto | +44 148 341 3500

Media Relations

UK - Gracechurch Group | Harry Chathli / Alexis Gore / Henry Gamble | +44 204 582 3500

Australia - Fivemark Partners | Michael Vaughan | +61 422 602 720

About Greatland

Greatland is a mining development and exploration company focused primarily on precious and base metals.

The Company's flagship asset is the world-class Havieron gold-copper project in the Paterson Province of Western Australia, discovered by Greatland and presently under development in joint venture with ASX gold major, Newcrest Mining Limited (which is the subject of an agreed takeover by Newmont Corporation that is ongoing).

Havieron is located approximately 45km east of Newcrest's existing Telfer gold mine. The box cut and decline to the Havieron orebody commenced in February 2021. Significant progress continues with the exploration decline with total development at over 2,600 metres in early August 2023. Subject to a positive feasibility study and Decision to Mine, Havieron may leverage the existing Telfer infrastructure and processing plant.

Greatland has a proven track record of discovery and exploration success and is pursuing the next generation of tier-one mineral deposits by applying advanced exploration techniques in under-explored regions. Greatland has a number of exploration projects across Western Australia and in parallel to the development of Havieron is focused on becoming a multi-commodity miner of significant scale.

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September 25, 2023 04:37 ET (08:37 GMT)