REG - Greatland Gold PLC - Exercise of Options and Director Dealing

Greatland GoldAnnouncement

10/01/2023 09:00

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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
£218,750. 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 £102,500. 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.

 

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)                                           Company directors/officers:

                                        Clive Latcham  Non-Executive Director
      Name

 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               Exercise of Options over Ordinary Shares & Sale of Shares
 d)  Price(s) and volume(s)                   Clive Latcham

Date            Transaction Type         Amount     Price
                                              9January 2023  Exercise of Options      8,750,000  2.5p
                                              9January 2023  Sale of Ordinary Shares  5,600,000  8.30p
 e)  Aggregated information

Transaction Type         Amount     Price
     -     Aggregated volume                  Exercise of Options      8,750,000  2.5p

                                        Sale of Ordinary Shares  5,600,000  8.30p
     -     Price
 f)  Date of the transactions                 9 January 2023
 g)  Place of the transactions                London Stock Exchange, AIM Market (XLON)

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

Exercise of Options over Ordinary Shares & Sale of Shares

d)

Price(s) and volume(s)

Clive Latcham

 Date            Transaction Type         Amount     Price
 9 January 2023  Exercise of Options      8,750,000  2.5p
 9 January 2023  Sale of Ordinary Shares  5,600,000  8.30p

e)

Aggregated information

-     Aggregated volume

-     Price

 

 Transaction Type         Amount     Price
 Exercise of Options      8,750,000  2.5p
 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.

 

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)                                           Company directors/officers:

                                        Alex Borrelli  Non-Executive Director
      Name

 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               Exercise of Options over Ordinary Shares & Sale of Shares
 d)  Price(s) and volume(s)                   Alex Borrelli

Date            Transaction Type         Amount      Price
                                              9January 2023  Exercise of Options      25,000,000  0.2p
                                              9January 2023  Exercise of Options      7,500,000   0.7p
                                              9January 2023  Sale of Ordinary Shares  19,200,000  8.30p
 e)  Aggregated information

Transaction Type         Amount      Price
     -     Aggregated volume                  Exercise of Options      25,000,000  0.2p

                                        Exercise of Options      7,500,000   0.7p
     -     Price                              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)

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

Exercise of Options over Ordinary Shares & Sale of Shares

d)

Price(s) and volume(s)

Alex Borrelli

 Date            Transaction Type         Amount      Price
 9 January 2023  Exercise of Options      25,000,000  0.2p
 9 January 2023  Exercise of Options      7,500,000   0.7p
 9 January 2023  Sale of Ordinary Shares  19,200,000  8.30p

e)

Aggregated information

-     Aggregated volume

-     Price

 

 Transaction Type         Amount      Price
 Exercise of Options      25,000,000  0.2p
 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 (mailto:info@greatlandgold.com)

 Shaun Day                                                             www.greatlandgold.com (http://www.greatlandgold.com)

 SPARK Advisory Partners Limited (Nominated Adviser)                   +44 (0)20 3368 3550

 Andrew Emmott/James Keeshan

 Berenberg (Joint Corporate Broker and Financial Adviser)              +44 (0)20 3207 7800

 Matthew Armitt/Jennifer Lee/Jack Botros

 Canaccord Genuity (Joint Corporate Broker and Financial Adviser)      +44 (0)20 7523 8000

 James Asensio/Patrick Dolaghan

 SI Capital Limited (Joint Broker)                                     +44 (0)14 8341 3500

 Nick Emerson/Sam Lomanto

 Gracechurch Group (Media and Investor Relations)                      +44 (0)20 4582 3500

 Harry Chathli/Alexis Gore/Henry Gamble

 

 

 

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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