Great Southrn.Copper - Issue of Shares and Director/PDMR Shareholdings

Great Southern Copper

02/07/2025 12:33

RNS Number : 4424P

Great Southern Copper PLC

02 July 2025

 

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.

 

2 July 2025

 

Great Southern Copper plc

("GSC" or the "Company")

 

Issue of Shares and Director/PDMR Shareholdings

 

Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold-silver exploration in Chile, announces that it has issued 811,240 new ordinary shares of 1p each ("New Ordinary Shares") to Charles Bond, Chairman of Great Southern Copper, in accordance with the terms of Mr. Bond's letter of appointment whereby it was agreed his salary will be paid quarterly in ordinary shares.

 

In addition, the Company has issued 1,399,513 new ordinary shares of 1p each in respect to the following:

 

·    999,649 new ordinary shares at £0.3705 per share as part payment to the vendors of the Especuralita project under an option agreement with the company; and

·    399,864 new ordinary shares at £0.3705 per share as part payment to the vendors of the Artemisa project under an option agreement with the company.

 

The New Ordinary Shares issued to Mr. Bond represent the share compensation due from 1 October 2024 to 31 March 2025. The details of the issuance are set out below:

 

Period
Value of share issuance GBP£
Number of new ordinary shares issued
Number of new ordinary shares held following the issuance
Percentage of the enlarged ordinary share capital
1/10/2024 - 31/12/2024
1/01/2025 - 31/03/2025
£7,775
£7,780
560,908
250,332
7,381,470
1.29%

 

 

Admission and Total Voting Rights

Application will be made for the 2,817,682 New Ordinary Shares, which will rank pari passu in all respects with the existing ordinary shares in the Company, to be admitted to the Standard List segment of Official List and to trading on the main market of the London Stock Exchange plc, which is expected to occur on or around 8.00 a.m. on 2 July 2025 ("Admission"). In addition, a further 606,949 New Ordinary Shares will be applied for in relation to the issuance to Mr Bond in January and April 2024 as previously announced.

 

The total number of issued shares and the total number of voting rights in the Company is 573,521,400. The above figure should be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Enquiries:

 

Great Southern Copper plc
Sam Garrett, Chief Executive Officer
+44 (0)20 4582 3500
SI Capital Limited
Nick Emerson
+44 (0)14 8341 3500
BlytheRay
Tim Blythe / Megan Ray
+44 (0) 20 7138 3204
gsc@blytheray.com

 

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
Charles Bond
2
Reason for the notification
a)
Position/status
Chairman
b)
Initial notification/ Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Great Southern Copper plc
b)
LEI
213800RF6N9WA8PZH313
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, type of instrument
Identification code
Ordinary shares of 1 pence each
GB00BLB5BF24
b)
Nature of the transaction
Shares issued in lieu of salary
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1.386p*
560,908
3.108P**
250,332
* weighted average share price from 1 October 2024 to 31 December 2024
** weighted average share price from 1 January 2025 to 31 March 2025
e)
Date of the transaction
2 July 2025
f)
Place of the transaction
Outside of trading venue - issued of new ordinary shares

 

About Great Southern Copper

 

Great Southern Copper PLC is a UK-listed mineral exploration company focused on the discovery of copper-gold-silver deposits in Chile. The Company has the option to acquire rights to 100% of two projects in the under-explored coastal belt of Chile that are prospective for large scale copper-gold deposits. Chile is a globally significant mining jurisdiction being the world's largest copper producer and the second-largest producer of lithium.

 

The two early-stage Cu-Au projects comprise the Especularita and San Lorenzo Projects, both located in the coastal metallogenic belt of Chile which hosts significant copper mines and deposits, including Teck's Carmen de Andacollo copper mine, and boasts excellent access to infrastructure such as roads, power and ports. Significant historical small-scale and artisanal workings for both copper and gold are readily evident in both exploration project areas.

 

Great Southern Copper is strategically positioned to support the global market for copper - a critical battery metal in the clean energy transition around the world. The Company is actively engaged in exploration and evaluation work programmes targeting both large tonnage, low to medium grade Cu-Au deposits as well as high-grade Cu-Au deposits.

 

Further information on the Company is available on the Company's website: https://gscplc.com

 

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