REG - Greatland Gold PLC - Grant of Options

Greatland GoldAnnouncement

26/09/2019 09:10

RNS Number : 7681N
Greatland Gold PLC
26 September 2019
 


 
26 September 2019
 
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
 
Greatland Gold plc
("Greatland" or "the Company")
 
Grant of Options
 
Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, announces the grant of the following performance share options to directors and key employees.
 
Grant of Options
 



Director


Position


Number of Options


Exercise Price


Expiry Date




Alex Borrelli


Non-Executive Chairman


Nil


2.5p
3.0p


25 Sep 2023




Gervaise Heddle


Chief Executive Officer


9,000,000
9,000,000


2.5p
3.0p


25 Sep 2023




Callum Baxter


Chief Technical Officer


9,000,000
9,000,000


2.5p
3.0p


25 Sep 2023




Clive Latcham


Non-Executive Director


1,500,000
1,500,000


2.5p
3.0p


25 Sep 2023




Key Employees


Various Positions


12,500,000
12,500,000


2.5p
3.0p


25 Sep 2023



 
Each option has a 12 month vesting period and entitles the holder upon exercise to one ordinary share of 0.1 pence in the capital of the Company ("Ordinary Shares"). All options have a life of three years from the vesting date. All options will vest immediately upon a change of control event.
 
Following the grant of options to directors, the resultant total directors' shareholdings are as follows:
 



Director


Position


Shares Held


Options Held




Alex Borrelli


Chairman


13,000,000


51,500,000




Gervaise Heddle


Chief Executive Officer


25,750,000


91,500,000




Callum Baxter


Chief Technical Officer


77,572,951


63,500,000




Clive Latcham


Non-Executive Director


Nil


13,000,000



 
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)


 
 
 
Name
 
 
 





Company directors/officers:




Alex Borrelli


Chairman




Gervaise Heddle


Chief Executive Officer




Callum Baxter


Chief Technical Officer




Clive Latcham


Non-Executive Director




Mick Sawyer


Exploration Manager








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 financial instrument


Ordinary Shares of 0.1 pence each




b)


Identification code


GB00B15XDH89




c)


Nature of the transactions


Grant of options over Ordinary Shares




d)


Price(s) and volume(s)


Price at grant: Nil
Exercise Price:  2.5 pence per Ordinary Share
Volume(s)



Alex Borrelli


Nil




Gervaise Heddle


9 million




Callum Baxter


9 million




Clive Latcham


1.5 million




Mick Sawyer


3 million



 
Price at grant: Nil
Exercise Price:  3.0 pence per Ordinary Share
Volume(s)



Alex Borrelli


Nil




Gervaise Heddle


9 million




Callum Baxter


9 million




Clive Latcham


1.5 million




Mick Sawyer


3 million



 




e)


Aggregated information
-     Aggregated volume
-     Price


Nil, grant of options only




f)


Date of the transactions


26 September 2019




f)


Place of the transactions


Off-market



 
 
Enquiries:
 
Greatland Gold PLC
Gervaise Heddle/Callum Baxter
Tel: +44 (0)20 3709 4900
Email:  info@greatlandgold.com
www.greatlandgold.com
 
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott/James Keeshan
Tel: +44 (0)20 3368 3550
 
SI Capital Limited (Joint Broker)
Nick Emerson/Alan Gunn
Tel:  +44 (0)14 8341 3500
 
Numis Securities Limited (Joint Broker)
Matthew Hasson/John Prior/Alamgir Ahmed
Tel: +44 (0)20 7260 1000
 
Luther Pendragon (Media and Investor Relations)
Harry Chathli/Alexis Gore/Joe Quinlan
Tel: +44 (0)20 7618 9100
 
 
Notes for Editors:
 
Greatland Gold plc is a London-listed (LON:GGP) natural resource exploration and development company with a current focus on gold, copper and nickel exploration projects.
 
The Company has six main projects; four situated in Western Australia and two in Tasmania.  All projects are 100% owned by Greatland.
 
In March 2019, Greatland signed a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to explore and develop Greatland's Havieron gold-copper project in the Paterson region of Western Australia. Newcrest has the right to acquire up to a 70% interest in a 12-block area within E45/4701 that covers the Havieron target by spending up to US$65m.
 
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 also actively investigating a range of new opportunities in precious and strategic metals and will update the market on new opportunities as and when appropriate.
 




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