REG - Great Southrn.Copper - Grant of Share Options
Tue 12:00
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RNS Number : 6503G Great Southern Copper PLC 29 April 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.
29 April 2025
Great Southern Copper plc
("GSC" or the "Company")
Grant of Share Options
Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold and
silver exploration in Chile, announces that pursuant to its Share Option Plan
2023 ("2023 SOP"), [as approved at the Company's Annual General Meeting], the
Board has approved the grant of 24,800,000 share options priced at 2.9p to
Directors and employees of the Company. The share options have been granted on
the recommendation of the Remuneration Committee.
The share options have been granted as follows:
Name Role Number of options granted Exercise price Total options held post issue
Charles Bond Chairman 3,000,000 2.9p 5,500,000
Sam Garrett Chief Executive Officer 8,000,000 2.9p 16,000,000
Martin Page Chief Financial Officer 5,000,000 2.9p 10,000,000
Nicholas Briers Non-executive Director 2,500,000 2.9p 4,000,000
Stuart Greene Non-executive Director 2,500,000 2.9p 4,000,000
Employees Country Manager and geologists 3,800,000 2.9p 8,661,611
Conditional upon continuing employment with the Company, the options will vest
in three years from grant. There are no other vesting conditions.
Following this award the Company will have 48,161,611 share options in issue
under the existing share option schemes, representing 8.4% of the existing
issued share capital of the Company.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons 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 213800RF6N9WA8PZH31
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 Ordinary shares of no par value
Identification code
GB00BLB5BF24
b) Nature of the transaction Award of option to purchase ordinary shares of the Company. Following the
transaction, Mr Bond holds [ ] options to purchase
ordinary shares.
c) Price(s) and volume(s) Price(s) Volume(s)
2.9p 3,000,000
d) Aggregated information
Aggregated volume
- Price 2.9p
e) Date of the transaction 29 April 2025
Note: the Company is not considered in a close period at the time of this
transaction.
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
- Price
2.9p
e)
Date of the transaction
29 April 2025
Note: the Company is not considered in a close period at the time of this
transaction.
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Sam Garrett
2 Reason for the notification
a) Position/status Chief Executive Officer
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 213800RF6N9WA8PZH31
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 Ordinary shares of no par value
Identification code
GB00BLB5BF24
b) Nature of the transaction Award of option to purchase ordinary shares of the Company. Following the
transaction, Mr Bond holds [ ] options to purchase
ordinary shares.
c) Price(s) and volume(s) Price(s) Volume(s)
2.9p 8,000,000
d) Aggregated information
Aggregated volume
- Price 2.9p
e) Date of the transaction 29 April 2025
Note: the Company is not considered in a close period at the time of this
transaction.
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
- Price
2.9p
e)
Date of the transaction
29 April 2025
Note: the Company is not considered in a close period at the time of this
transaction.
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Martin Page
2 Reason for the notification
a) Position/status Chief Financial Officer
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 213800RF6N9WA8PZH31
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 Ordinary shares of no par value
Identification code
GB00BLB5BF24
b) Nature of the transaction Award of option to purchase ordinary shares of the Company. Following the
transaction, Mr Bond holds [ ] options to purchase
ordinary shares.
c) Price(s) and volume(s) Price(s) Volume(s)
2.9p 5,000,000
d) Aggregated information
Aggregated volume
- Price 2.9p
e) Date of the transaction 29 April 2025
Note: the Company is not considered in a close period at the time of this
transaction.
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
- Price
2.9p
e)
Date of the transaction
29 April 2025
Note: the Company is not considered in a close period at the time of this
transaction.
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Nicholas Briers
2 Reason for the notification
a) Position/status Non-executive Director
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 213800RF6N9WA8PZH31
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 Ordinary shares of no par value
Identification code
GB00BLB5BF24
b) Nature of the transaction Award of option to purchase ordinary shares of the Company. Following the
transaction, Mr Bond holds [ ] options to purchase
ordinary shares.
c) Price(s) and volume(s) Price(s) Volume(s)
2.9p 2,500,000
d) Aggregated information
Aggregated volume
- Price 2.9p
e) Date of the transaction 29 April 2025
Note: the Company is not considered in a close period at the time of this
transaction.
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
- Price
2.9p
e)
Date of the transaction
29 April 2025
Note: the Company is not considered in a close period at the time of this
transaction.
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Stuart Greene
2 Reason for the notification
a) Position/status Non-executive Director
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 213800RF6N9WA8PZH31
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 Ordinary shares of no par value
Identification code
GB00BLB5BF24
b) Nature of the transaction Award of option to purchase ordinary shares of the Company. Following the
transaction, Mr Bond holds [ ] options to purchase
ordinary shares.
c) Price(s) and volume(s) Price(s) Volume(s)
2.9p 2,500,000
d) Aggregated information
Aggregated volume
- Price 2.9p
e) Date of the transaction 29 April 2025
Note: the Company is not considered in a close period at the time of this
transaction.
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
- Price
2.9p
e)
Date of the transaction
29 April 2025
Note: the Company is not considered in a close period at the time of this
transaction.
f)
Place of the transaction
Outside a trading venue
Contact Details:
Great Southern Copper plc
Sam Garrett, Chief Executive Officer +44 (0) 20 4582 3500
SI Capital Limited
Nick Emerson +44 (0) 1483 413500
BlytheRay
Tim Blythe / Megan Ray +44 (0) 20 7138 3204
gsc@blytheray.com
Notes for Editors:
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 (https://gscplc.com)
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